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REAL ESTATE

  • Barbour to open second Manhattan store

    New York City -- Robert K. Futterman & Associates said it has arranged a 1,993-sq.-ft. retail lease for Barbour on the ground floor at 123 Wooster St. (also known as 130 Prince St.), located in New York City’s SoHo area.

    Barbour has opened in the space temporarily for the holiday shopping season, and is scheduled to undergo renovations and reopen in spring 2011. This will serve as the second permanent New York store for the brand.

  • Marshalls to debut in Canada

    Toronto -- A report Thursday by the Toronto Star said that Marshalls will open its first Canadian stores in 2011. Four new stores are currently slated to open next year, according to RioCan Real Estate Investment Trust, which is handling the market entry for Marshalls.

    The first three Marshalls are set to open next spring, according to RioCan president and CEO Ed Sonshine. A fourth store, to be housed in a 50,000-sq.-ft. former nightclub, will not open until later in 2011.

  • WD Partners has contract to develop high-performance Home Depot store

    Columbus, Ohio -- WD Partners has signed a multi-year contract with Pacific Northwest National Laboratory (PNNL) to develop a high-performance Home Depot store in California through the Department of Energy’s Commercial Building Partnership (CBP). CBP projects put cutting-edge building techniques and technologies on the fast-track to wide-spread commercial use.

  • Work ’N Gear opens in-store shops at Kmart and Sears

    Quincy, Mass. -- Work 'N Gear on Wednesday announced that it has teamed with Sears and Kmart to launch America's first "store-within-a store" concept for healthcare fashions. The format has launched in select locations in six markets.

    Called "Scrubology," the new in-store concept features approximately 600 sq. ft. to 1,500 sq. ft. of space within Sears and Kmart stores. The offerings will be dedicated to the uniform needs of professionals who work as doctors, nurses, veterinarians, lab technicians and more.

  • Centro NP Residual Holding forms JV with Inland American

    New York City -- Centro NP Residual Holding LLC said Friday it has sold a portion of its interest in 25 shopping centers and formed a joint venture with Inland American CP Investment, LLC, a wholly owned subsidiary of Inland American Real Estate Trust.

    The new joint venture has secured $310 million of term loans with J.P. Morgan and Goldman Sachs, which mature in 10 years and are secured by assets within the joint venture.

  • Grubb & Ellis names execs

    Los Angeles -- Grubb & Ellis Co. announced Monday that Arlene Sommer and Mark Robinson have joined the company’s Office Group as executive VPs, along with Evan Kantor who joins as a senior associate.

    Specializing in office tenant representation, primarily in the media, entertainment, legal and financial industries, the team joins from Studley, where they served as executive managing director, senior managing director and assistant director, respectively.

  • Pizzicato Ristorante opens at Moorestown Mall

    Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said Tuesday that locally owned Italian restaurateur Pizzicato Ristorante has opened at Moorestown Mall, in Moorestown, N.J.

    The 3,059-sq.-ft. restaurant, a BYO establishment, is located next to Pei Wei.

    The 1.1-million-sq.-ft. Moorestown Mall is owned and managed by PREIT, and anchored by Macy’s, Lord & Taylor, Sears and Boscov’s.

  • Smart Fashion to make retail debut in Manhattan

    New York City -- Winick Realty Group announced that Smart Fashion, a national importer and exporter of women’s apparel, has leased its first retail location at 149B West 36th Street, between Broadway and 7th Avenue in Manhattan’s Garment District.

    Smart Fashion already operates a wholesale showroom nearby at 1407 Broadway.

    The 2,000-sq.-ft. store will focus on trendy junior sportswear.

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