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REAL ESTATE

  • GGP rolls out back-to-school programs in shopping centers

    Chicago-based General Growth Properties is kicking off back-to-school shopping with two promotional programs – Shop til You Rock and Family Recess.

    Shop Til You Rock, a music-inspired mall tour that empowers teens to look and feel like rock stars, is back for its second year. Teens are invited to watch live performances by some of today’s hottest bands, participate in exclusive activities and take advantage of special mall offers, prizes and sweepstakes, including a chance to win valuable shopping sprees and a gaming system.

  • Casual Male opens Destination XL in Phoenix, on track to open 100 new stores

    Canton, Mass. -- Casual Male Retail Group said Monday it has opened a new, 12,663-sq.-ft. Destination XL in Phoenix, which joins five locations in Georgia, Illinois, Texas, Nevada and Tennessee.

    The company said it plans to open up to 13 DXL stores during the balance of 2011, another 20-30 stores during 2012 and approximately 100 stores over a four to five year period.

    Casual Male also said it is preparing to launch a DXL website, with a multi-channel solution similar to the DXL store experience. 

  • Bottom Dollar to enter Pittsburgh and Youngstown, Ohio, markets

    Salisbury, N.C. -- Discount grocer Bottom Dollar Food plans to enter the greater Pittsburgh, and Youngstown, Ohio, markets, starting with 14 locations.

    Most of the locations are expected to open in early 2012.
     

  • Nordstrom Rack to open in Farmington, Conn.

    New York City -- Nordstrom plans to open a Nordstrom Rack in Farmington, Conn., located just outside of Hartford. This will be the first Nordstrom Rack in Connecticut.

    The new 35,000 sq-ft. store is scheduled to open during spring 2012 at West Farm Shopping Center.
     

  • New Column Entry: Turning the page on bookstores

    To plug the widening book seller gap, who are you going to call?  Chain Store Age columnist Jeff Green offers a few ideas of his own for filling the category chasm created by Borders' liquidation and Barnes & Noble contractions. 

    Check out Jeff's newest column, "Turning the Page on Bookstores," on our real estate community site, under Retail Rap with Jeff Green, chainstoreage.com/community.

  • Swiss Army retailer plans expansion

    New York City -- Victorinox Swiss Army said Thursday it will open five stores in 2011, the first of which opened July 1 in The Westchester in White Plains, NY.

    According to Joachim Beer, president of global fashion and retail for the chain, future store openings include Boston, Short Hills, N.J., and Los Angeles, all slated to open prior to year end.

  • McDonald’s to build its biggest store ever, in London for 2012 Olympics

    New York City -- McDonald’s Corp. plans to build the largest restaurant in its system as part of its role as official restaurant of the 2012 Olympic Games in London. The chain has been an Olympics sponsor since 1976.

    Speaking in a global webcast on July 20, McDonald's UK CEO Jill McDonald said the planned restaurant will span 32,290 sq.-ft. over two levels, and will have a kitchen four times standard size to accommodate the crowds. The chain says it expects to serve 1.75 million meals during the games, which run from July 27 to Aug. 12, 2012.

  • Inland Private Capital announces sale of Huntington Square

    Huntington, N.Y. -- Oak Brook, Ill.-based Inland Private Capital Corp. announced Wednesday the $40.2 million sale of Huntington Square Plaza, a grocery-anchored shopping center located in Huntington, N.Y., on Long Island.

    Toronto-based RioCan Holdings purchased the 116,221-sq.-ft. center, which Inland Private Capital Corp. offered to a group of private tenant-in-common investors in 2004.

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