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Retail

  • Fifth Manhattan Westside Market to open in East Village

    New York — Representing the landlord, RKF has arranged an 18,817-sq.-ft. lease with family-owned grocer Westside Market at 84 Third Avenue in Manhattan’s East Village. When the new grocery opens next summer, it will become the fifth Westside Market location in Manhattan.

    The new Westside Market will span 10,500 sq. ft. on the ground level, with the remaining space in the lower level. Newmark Grubb Knight Frank Retail represented the Westside Market in the transaction.

  • Dollar General opens first gas station

    It’s one down and more than 11,000 to go as Dollar General has opened its first ever fueling station at a store in Hanceville, Ala.

    The pilot project is part of an agreement with Mansfield Oil, a provider of fuel supply, distribution, delivery, and dispensing solutions. The store in question is one of Dollar General’s larger format Market stores which include expanded food and consumables. Dollar General operates more than 11,000 stores nationwide, but slightly more than 100 units are in the Market format.

  • Mid-America Sells Indianapolis Family Dollar

    Indianapolis — Mid-America Real Estate Corp.’s Net Lease Investment Group recently brokered the sale of an 8,320-sq.-ft. Family Dollar in Indianapolis. An investment fund in Texas purchased the property from a private developer for $1.142 million, which is a 7.5% cap rate. The building is leased to Family dollar for 10 years.

    The newly constructed Family Dollar is in the Lawrence Commons shopping center anchored by LA Fitness.

  • J.C. Penney to kick off holiday shopping season on Thanksgiving

    J.C. Penney has joined the list of retail chains that plan to open their stores on Thanksgiving night to kick off the holiday shopping season. 

    Penney will open most of its 1,100 stores at 8 p.m., the same as Macy's. Last year, Penney opened its stores at 6 a.m. on Black Friday, while rivals Macy’s and Kohl’s opened their doors at midnight.

  • CBRE closes grocery-anchored center sale in Austin

    Austin, Texas CBRE’s National Retail Investment Group has announced the sale of The Market at Parmer Lane on behalf of LPC Retail, a division of Dallas-based Lincoln Property Company. The buyer is a Texas-based private real estate fund advised by Crow Holdings Capital Partners. Terms were undisclosed.

    H-E-B Grocery anchors the 122,349-sq.-ft. center, which is 93.3% occupied.

     

  • Hibbett Sports announces board transitions

    Birmingham, Ala. -- Hibbett Sports announced that effective February 2, 2014, Mickey Newsome will transition from his current position as executive chairman and employee of the company to non-executive chairman.

    The retailer also announced that Jeff Rosenthal, president and CEO, has been appointed to the board of directors, effective immediately, thereby increasing the size of the board to ten members.

  • Under Armour brand launches first retail theater specialty store in Shanghai

    Under Armour has opened its first retail theater specialty store at the Jing An Kerry Centre in Shanghai, China. The store features a multi-dimensional short film that depicts athletes who use the brand.

    Founder and CEO Kevin Plank and Under Armour athlete Michael Phelps were on hand to host the grand opening event.

  • WaWa, various locations in Florida

    East Coast-based convenience store operator WaWa is expanding through the state of Florida with a new prototype designed to reflect the language and style associated with Floridian vernacular architecture.
         

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