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REAL ESTATE

  • Kinney Drugs acquires four independent pharmacies

    Gouverneur, N.Y. -- Regional player Kinney Drugs has snapped up four independent pharmacies located in central New York and Vermont, bringing its total store count to 94.

    Financial terms of the deal were not disclosed.


  • Soma Intimates to open at Willow Grove Park

    Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Soma Intimates will open a 2,369-sq.-ft. store this fall at Will Grove Park, located in Willow Grove, Pa.

    Accessory boutique Laila Rowe will also open this fall, in a 1,181-sq.-ft. space.

    Willow Grove Park is a three-level, 1.2 million-sq.-ft. regional shopping mall anchored by Bloomingdale’s, Macy’s, Sears and Nordstrom Rack.
     

  • AirSport to open at Discover Mills

    Lawrenceville, Ga. -- Indianapolis-based Simon Property Group said that entertainment destination AirSport Indoor Sports Facility has opened at Discover Mills in Lawrenceville, Ga., near Atlanta.

    This 20,000+-sq.-ft. location joins previously opened Black Diamond Skatepark, as well as a number of other retailers coming soon.
     

  • Two new tenants to open at Janss Marketplace

    Thousand Oaks, Calif. -- NewMark Merrill Cos. said that Sweet Tooth Dental Center and Dish Restaurant will open at Janss Marketplace, in Thousand Oaks, Calif., bringing the center to 97% occupancy.

    Dish Restaurant signed a 10-year lease for a 6,548-sq.-ft. space near Aaron Bros. and RadioShack. The new restaurant at Janss Marketplace, which is the second location for Dish, is slated to open in mid-Sept.

    Sweet Tooth Dental Center signed a five-year lease and has opened in a 2,613-sq.-ft. space near Dressbarn and Payless Shoe Source.

  • Focus on: Landlord/Tenant Partnerships

    Last June, two organizations — Retail Industry Leaders Association and International Council of Shopping Centers — co-sponsored a sustainability initiative that ultimately would set the bar for landlord/tenant partnerships.

    The last 14 months haven’t been without bumps. Forging positive, mutually beneficial programs that involve cooperation from shopping center owners and their retail tenants has long been one of this industry’s greatest — and most frustrating — challenges.

  • Cullinan names new team members

    Peoria, Ill. -- Cullinan Properties announced that Kellie Schmidt has been named corporate marketing manager for the company, charged with overseeing Cullinan’s brand presence, in addition to creating and executing marketing and communication strategies.

  • Crazy 8 set to open at Moorestown Mall

    Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Crazy 8 will open its Moorestown Mall property, located in Moorestown, N.J.

    The 2,505-sq.-ft. store is slated to open this fall in the 1 million-sq.-ft. enclosed regional mall anchored by Macy’s, Lord & Taylor, Sears and Boscov’s.
     

  • FreeBirds selects seven locations acquired from Qdoba franchisee

    Dallas -- SRS Real Estate Partners announced that FreeBirds World Burrito has selected seven new locations slated to open in Central California later this year.
     
    The seven sites in California are located in Sacramento, Tracy, Fresno, Clovis, Turlock, and two sites in Modesto, and all were acquired from Qdoba franchisee 4G Management. All locations will be converted to company owned and operated units and range from 2,000 sq. ft. to 4,000 sq. ft.
     

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