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REAL ESTATE

  • Coyote names leasing exec

    Addison, Texas -- Coyote Management L.P. announced that it has appointed Carolyn Snider as senior leasing specialist, effective March 15.

    A veteran of Simon Property Group and The Mills Corp., Snider was most recently leasing representative at The MGHerring Group.

  • Sabor Tropical Supermarket to open at Biscayne Plaza

    Miami Beach, Fla. -- Terranova Corp. announced that grocer Sabor Tropical Supermarket has joined Biscayne Plaza Shopping Center, in Miami Beach, Fla., as a new anchor tenant.

    The 24,000-sq.-ft. store is slated to open in 2012. According to Terranova, the retailer is replacing President Supermarket in the center and is required to renovate the interior of the store no later than January 2012. This will be Sabor Tropical’s fifth South Florida store.

  • Rent-A-Center to open at El Mercado

    Miami Beach, Fla. -- Terranova Corp. announced the addition of Rent-A-Center to El Mercado Shopping Center, located in Hialeah, Fla.

    The new store will occupy approximately 4,000 sq. ft.

    El Mercado is anchored by Publix, along with Anna’s Linens, GNC, Pollo Tropical and a United States Post Office.

  • Wal-Mart plans to add hundreds of smaller stores in next three years

    Bentonville, Ark. -- Wal-Mart Stores, in a presentation at a Bank of America Merrill Lynch conference on Thursday, announced that it would open “hundreds” of smaller-format stores over the next three years.

    According to Bill Simon, president and CEO of Wal-Mart U.S., the ramped-up development could be augmented by some acquisition activity, although he didn’t elaborate on specifics.

  • Readers Speak Out: To what retailers will Borders' prime real estate go?

    In the Feb. 24 edition of SiteTalk, we asked you about Borders'just-announced Chapter 11 bankruptcy and closures, and to what retailers you thought some of that prime real estate would go. Here is what two of our readers had to say:

    "[I think they will go to] regional furniture chains [Value City] and regional electronics such as Hhgregg."
    -- Joe Deckop
    Columbus Consulting
    Columbus, Ohio

  • Woolbright names leasing agent

    Tampa, Fla. -- Woolbright Development said that Stuart Segall has been named a leasing agent for the company, and is responsible for leasing shopping centers in Tampa, Brandon and Tallahassee.

    Segall was previously with Florida Retail Partners in Tampa.

  • Belle Chic Salon & Spa to move to Oro Valley

    Oro Valley, Ariz. -- Commercial Retail Advisors said that Belle Chic Salon & Spa has signed a lease for 1,385 sq. ft. in Placita de Oro Shopping Center, located in Oro Valley, Ariz. The new salon is slated to open this March.

    Belle Chic is moving from an existing location, where it had been for three years.

  • Hudson’s Bay in franchise deal with Topshop

    Toronto — The Hudson's Bay Co. announced it has earned exclusive Canadian franchise rights for the United Kingdom’s Topshop and its male counterpart, Topman. The agreement includes the rights for both freestanding locations and in-store shops, expected to launch in The Bay in fall 2011.

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