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REAL ESTATE

  • Simon to expand four Premium Outlet centers

    Indianapolis -- Simon Property Group announced Tuesday that its Premium Outlets division will expand four of its most productive Premium Outlet properties located in California, Florida, Illinois and Washington. 

    Construction on these expansions is scheduled to begin in 2012, and total 450,000 sq. ft. of added space.

  • J.C. Penney, Nordstrom Rack to join Willow Grove Park lineup

    Philadelphia -- Pennsylvania Real Estate Investment Trust announced that J.C. Penney, Nordstrom Rack, Bravo Cucina Italiana and Forever 21 will join The Cheesecake Factory in 190,000 sq. ft. of anchor space formerly occupied by Strawbridge’s at Willow Grove Park in suburban Philadelphia.

    The reconfiguration of the former Strawbridge’s store sets the stage for continuing the fashion-oriented merchandising strategy that differentiates the mall and appeals to a wide range of shopping and dining tastes.

  • Anthropologie to open in Old Town property

    Alexandria, Va. -- Douglas Development announced that Anthropologie has signed a lease for 10,500 sq. ft. in the newly acquired Douglas Development property at 610-12 King Street in Old Town, Alexandria, Va.

    Anthropologie will move into the former Hallmark store by the end of this year.

  • Ross Stores to enter Chicago area with 12 locations

    Pleasanton, Calif. -- Ross Stores said Tuesday that it will simultaneously open 12 stores on Oct. 8, all located in the greater Chicago area.

    The new Ross Dress for Less stores will open simultaneously in Algonquin, Arlington Heights, Bloomingdale, Crystal Lake, Matteson, Naperville, Niles, Orland Park, Rockford, Schaumburg, Skokie and South Elgin.

    "We are excited to be entering the Chicago area, which will significantly expand our national footprint," said Michael Balmuth, vice chairman and CEO, Ross Stores.

  • Whole Foods Market signs lease in Virginia Beach

    New York City -- Whole Foods Market plans to open a store in Virginia Beach, Va.

    The retailer recently signed a lease with S.J. Collins Enterprises for the construction of a 40,000-sq.-ft. store in the Hilltop section of Virginia Beach. It is scheduled to open by yearend 2013.

  • Williams-Sonoma to open U.K. stores

    London -- A Friday report by the United Kingdom’s The Independent newspaper said that San Francisco-based Williams-Sonoma is planning a U.K. launch in 2012.

    The report said that the company has appointed a U.K. retail property agent and plans to open its first store in the first half of next year.

    Plans call for a London debut and the report said the retailer is seeking 5,000-sq.-ft. to 8,000-sq.-ft. spaces.
     

  • Westfield to manage new shopping precinct at New York World Trade Center site

    Los Angeles -- Westfield Group shopping center owner said in a statement that it has agreed in principle to joint-venture with the Port Authority of New York and New Jersey the new retail precinct at the site of the New York World Trade Center.

    Westfield, upon completion of the deal, would manage and lease out the retail space expected to open in early 2015.

  • The Outlet Shoppes at Oklahoma City to open Aug. 5

    Chattanooga, Tenn. -- CBL & Associates Properties and Horizon Group Properties announced Friday that they will open The Outlet Shoppes at Oklahoma City on Aug. 5, fully leased with 83 stores.

    Half the stores are new to Oklahoma City.

    The center is scheduled to open to the public with such designer outlets as Nike, Saks Fifth Avenue Off 5th, Polo Ralph Lauren, Brooks Brothers, Guess, Chico’s, Coach, Banana Republic, DKNY, J. Crew, Michael Kors, Tommy Hilfiger, Under Armour, Levi’s and Carters.

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