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Store Systems

  • Best Buy renews at Aventura Commons

    Aventura, Fla. — Best Buy has signed a long-term lease renewal for 45,729 sq. ft. at Aventura Commons in Aventura, Fla., according to the Berkowitz Development Group, the landlord.

    Other national tenants in the 267,000-sq.-ft. center include Target, Whole Foods, PetSmart and Ulta.

     

  • Gander Mountain to Bayport Commons in Oldsmar, Fla.

    New York -- Kite Realty Group has signed Gander Mountain into a 30,045-sq.-ft. space at Bayport Commons in Oldsmar, Fla., a northwest suburb of Tampa. CBRE represented Gander Mountain in the transaction.

    A Super Target, Michaels and PetSmart. Anchor the 276,918-sq.-ft. center. About 64,400 people live within a three-mile radius of the center. The estimated average household income is $71,200.
     

  • Modell’s Sporting Goods expands New York footprint with two new stores

    New York -- Modell’s Sporting Goods will celebrate the grand opening of two of its newest locations on Aug. 30, giving it a total of 155 storefronts.

    The new stores are located in Huntington Shopping Center, Huntington Station, N.Y., and in Fivetowns Shopping Center, Rosedale, N.Y. Both locations are on Long Island.

  • H&M to open its largest store to date, in New York’s Herald Square

    New York -- Swedish fast-fashion giant H&M will open its largest location to date, a 63,000-sq.-ft. flagship in New York City’s bustling Herald Square. Scheduled to open in fall 2014, the four-level store will be located in Herald Center, a JEMB Realty property. The landlord’s broker is CBRE.
     

  • Q2 Comp-store sales slip at Chico's FAS

    FORT MYERS, Fla. — Chico's FAS’s financial results for the second quarter ended Aug. 3 were affected by a lower transaction count and average dollar sales, primarily because of lower traffic and the cycling of strong comparable sales last year.

    The company reported net income of $43.6 million for the quarter — a decrease of 18.4% compared to $53.4 million in the year-ago quarter, and earnings per diluted share of $0.27, a decrease of 15.6% compared to $0.32 per diluted share in the year-ago quarter.

  • iPic Entertainment announces Delray Beach project

    New York -- iPic-Gold Class Entertainment has announced that it will develop a mixed-use entertainment, office and retail project in Delray Beach, Fla.

    Expected to open in 2015, the project includes a 529-seat eight-screen theater. iPic said the project would create more than 400 jobs and attract more than 400,000 visitors annually to downtown Delray Beach. The company currently operates nine theaters with 67 screens in Arizona, California, Florida, Illinois, Texas, Washington and Wisconsin.

     

  • OfficeMax brings Business Solutions Center format to Chicago

    Naperville, Ill. -- OfficeMax Inc. announced the opening of its first Chicago-area Business Solutions Center format, with a 3,900-sq.-ft. location in the Streeterville neighborhood.

  • The Sky’s the Limit for Nordstrom

    The New York press has been all abuzz over the latest news about Nordstrom’s new Manhattan digs – that the West 57th Street space is officially Nordstrom’s.    

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