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Mass Merchant

  • BJ's Warehouse opens 200th store

    Westborough, Mass. -- BJ's Membership Club said it has opened its 200th club, located in Fayetteville, N.C.

    Grand opening celebrations will take place on June 22 and 23.

     

  • Shenandoah Plaza Shopping Center sold in Newnan, Ga.

    Atlanta -- Shenandoah Plaza, a 146,121-sq.-ft. neighborhood center in Newnan, Ga., has been sold to the Georgia Capital Group by RCG-Newnan. Big Lots, Goodwill and Dollar General anchor the center.

    The Atlanta office of SRS Real Estate Partners represented RCG-Newnan in the transaction.
     

     

  • Cypress Equities acquires regional center in Portland

    Dallas -- Cypress Equities Real Estate Investment Management has announced the acquisition of Lloyd Center in Portland, Ore. The enclosed, three-level 1,478,000-sq.-ft. regional shopping center is located near downtown close to the Convention Center, Rose Garden Arena and Memorial Coliseum.

  • Foot Locker gets approval for Runners Point purchase

    New York -- Foot Locker has received approval from the Federal Cartel Office in Germany to complete its acquisition of Runners Point Warenhandelsgesellschaft mbH (RPG), initially announced in May 2013. RPG is majority owned by private equity group Hannover Finanz and operates more than 200 specialty athletic retail stores in Germany, Austria, The Netherlands and Switzerland under various banners, as well as an e-commerce site.

    The transaction, valued at roughly $94 million, is expected to close early next month.

  • Nordstrom Rack in Long Beach City Place to close

    Long Beach, Calif. -- Nordstrom announced plans to close its Long Beach City Place Nordstrom Rack store in Long Beach, Calif. Originally opened in August 2002, the 33,000-sq.-ft. store will close to the public in late January 2014.

    The company will continue to serve customers at three nearby Nordstrom Rack locations in Lakewood, South Bay and Edinger.

  • UCR announces three new leases

    Houston -- United Commercial Realty Houston has announced three new leases for Houston-area centers:

    • Goody Goody Liquor will open a third Houston-area location at Copperfield Village Shopping Center this fall.
    • Pink’s Pizza has signed a deal for its fifth area location at the Cougar Den Plaza adjacent to the University of Houston’s central campus.
    • Affinity Veterinary will open a clinic at a center located at 19450 Katy Freeway in Houston.
  • Retail loyalty programs bloom

    Cincinnati -- Retail loyalty programs have seen some impressive growth since 2011, according to results of the latest Colloquy Loyalty Census. In 2013, department stores achieved 70% growth in loyalty program memberships since the 2011 Colloquy Census, far surpassing the 26.7% rate of growth in loyalty programs across all sectors tabulated in the 2013 census. The number of department store loyalty memberships is 193.9 million.

  • Ecova survey: 60% of retailers have EMS in place

    New York -- Sixty-percent of retailers have energy management systems within their site portfolios, but only 46% have a formal energy management strategy in place.
     
    Those are among the findings of a survey conducted by Ecova, a total energy and sustainability management company. In other survey findings, 44% of the respondents said they currently benchmark their portfolio or sites, and 21% have applied for the Energy Star label for their portfolio.

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