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Retail

  • The Opus Group breaks ground on Glen Ellyn, Ill., center

    Chicago -- The Opus Group has begun construction of a 31,175-sq.-ft. center in Glen Ellyn, Ill., near Chicago. A 20,300-sq.-ft. The Fresh Market will anchor the project.

    The site, a vacated car dealership, will include patio seating and 186 parking spaces.

    The center is 75% leased. In-line tenants include Great Clips and the first Tide Dry Cleaners in the Chicago area.

    Serving the Glen Ellyn and North Wheaton communities, the center is slated to open in late 2013.

     

  • Shopko plans five new Shopko Hometown stores

    Green Bay, Wis. – Shopko intends to open five  stores under its Shopko Hometown banner in Afton, Wyo., St. Peter, Minn., and Winneconne, Ellsworth and Tomahawk, Wis., in late fall of this year.

    The Shopko Hometown format is designed to serve smaller rural communities with the same product assortments available in larger areas and Shopko currently operates more than 180 stores in this format.

  • Walgreens reaches $80M settlement with DEA

    Deerfield, Ill. -- Walgreens will pay $80 million as part of a settlement with the Drug Enforcement Agency (DEA) over a failure to report unusually large shipments of prescription painkillers from a distribution center in Jupiter, Fla. Six Walgreens pharmacies in Florida received tens of thousands of orders for regulated painkillers that were up three times the normal size, but the distribution center did not report them to the DEA as they were required to by law.

  • Hudson’s Bay has profitable quarter

    Toronto -- Hudson’s Bay Company (HBC) had an overall successful first quarter of fiscal 2013 despite some sluggish performance at its Lord & Taylor banner.

    The company reported gross profit of $356 million for the quarter ended May 4, up 4% from $341 million a year earlier. Retail sales also grew 4%, from $848 million to $884 million. Consolidated same-store sales increased 4% as well.

  • Marcus & Millichap names new associate VP

    Miami -- Marcus & Millichap Real Estate Investment Services has promoted Ronnie Issenberg to associate VP investments.

    Director of the firm’s National Retail Group, Issenberg most recently held the title of senior associate.

     

  • CBRE pours Seattle’s Best Coffee into North Texas

    Dallas -- Seattle’s Best Coffee is opening new operations in North Texas, according to CBRE. So far, 10 stores have opened throughout the Dallas-Fort Worth metro area with more scheduled to open later this year.

    CBRE Retail Brokerage provided market evaluation, mapping and demographic analysis, site selection and lease negotiation. CBRE Project Management provided construction services.

    The 10 new stores are located throughout Burleson, Dallas, Fort Worth, Lancaster, McKinney and Rockwall.

     

  • Stirling chief named VP of ICSC Southern Division

    Covington, La. -- Marty Mayer, president and CEO of Stirling Properties, won election as VP of the International Council of Shopping Centers’ Southern Division at RECon in May.

    As a divisional VP, Mayer will also sit on the Government Relations Advisory Committee. In addition, he currently serves on the Executive Committee of ICSC’s Worldwide Board of Trustees.

     

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