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REAL ESTATE

  • Report: SuperValu to open 160 Save-A-Lot stores in 2011

    New York City -- SuperValu plans to increase the footprint of its value division Save-A-Lot by 160 new stores this year, GlobeSt.com reported.

    “This past year we added 92 net Save-A-Lot stores, and this fiscal year we’re looking to add another 160 net stores,” a spokesman said in the report.

  • Walgreens to buy 10 Carle RxExpress

    Deerfield, Ill.  -- Walgreen Co. has agreed to buy 10 Carle RxExpress pharmacies in east central Illinois.

    The chain did not disclose terms of the deal. It expects the sale to close by July. Walgreen said it will continue to run six of the pharmacies and will consolidate a seventh into the others. It will close three other locations and transfer prescription files and inventory to nearby Walgreen locations.

    The stores are currently owned by The Carle Foundation, a not-for-profit company based in Urbana, Ill.

  • J.C. Penney’s The Foundry Big & Tall opens in Dallas

    Plano, Texas -- The Foundry Big & Tall Supply Co., a new specialty retail concept for big and tall men from J.C. Penney, on Thursday made its retail debut in the Dallas area. Approximately 10 stores are expected to open in the Dallas and Kansas City, Mo., markets by the end of May. The company plans to expand the concept nationwide to 100 stores by 2013, reaching a total of 300 stores over the next five years.

  • Advance Auto Parts to open at Ashburn Farm Village Center

    Ashburn, Va. -- Jacksonville, Fla.-based Regency Centers said it has leased space at Ashburn Farm Village Center, located in Ashburn, Va., to Advance Auto Parts.

    The new, 7,134-sq.-ft. store is slated to open later this year.

    The 89,000-sq.-ft. shopping center is anchored by Global Foods Market, alongside national retailers such as Hair Cuttery, Pizza Hut and Goodyear.

  • Paster acquires Cahill Plaza

    St. Paul, Minn. -- A partnership between St. Paul, Minn.-based Paster Enterprises and Chicago-based Shiner Capital Partners announced the purchase of Cahill Plaza, located in Inver Grove Heights, Minn.

    Cahill Plaza is a 69,000-sq.-ft. shopping center that is anchored by a 52,017-sq.-ft. Cub Foods and a 6,165-sq.-ft. MGM Liquor. Additional tenants include Great Clips, RR Cleaners, C & A Nails, Edward Jones and Papa Johns.

  • RMC moves headquarters

    Tampa, Fla. -- RMC Property Group announced it has acquired Carrollwood Corporate Center in Tampa, Fla., and is expanding and moving its corporate offices to the office building.

    The Class A office building encompasses 20,000 sq. ft.
     

  • Build-A-Bear Workshop to make airport debut

    St. Louis -- Build-A-Bear Workshop is teaming up with Orlando International Airport to open a new store in mid-May. It will be the first Build-A-Bear Workshop store located inside an airport.

    The Build-A-Bear Workshop store at Orlando International Airport will be located in the Main Terminal. The store will provide the same experience and interaction as mall-based Build-A-Bear Workshop retail locations.
     

  • Darden looks to double size of LongHorn Steakhouse over 10 years

    New York City -- Darden Restaurants plans to roughly double the size of LongHorn Steakhouse during the next 10 years. 

    Speaking at Barclay’s Retail & Restaurants Conference in New York City, Darden president and COO Drew Madsen said LongHorn Steakhouse, Olive Garden and Seasons 52 would help drive the company’s growth going forward. Darden want to expand LongHorn Steakhouse, which currently has some 345 locations, to 600 to 800 units over the next decade.

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