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REAL ESTATE

  • Sport Clips signs sixth lease in the Philadelphia region

    Plymouth Meeting, Pa. -- Fameco Real Estate announced that Sports Clips has signed its sixth lease in the Philadelphia region as part of an aggressive store roll out campaign.

    Sports Clips is focusing its efforts on the Philadelphia MSA and Fameco’s Jim Creed is spearheading the expansion in this market which includes southeastern Pennsylvania, southern New Jersey and Delaware.

  • Construction on additional phases of Park West Village begins

    Morrisville, N.C. -- Columbus, Ohio-based Casto announced that construction will commence on the next phases of the mixed-use lifestyle center, Park West Village, located in Morrisville, N.C.

    Another 200,000 sq. ft. of retail space launches construction this month, according to Shannon Dixon, VP development, leasing and asset management for Casto’s Southeast operations.

    Joining the next phase of Park West Village is a 55,000-sq.-ft. state-of-the-art 14-screen cinema, operated by Stone Theatres, formerly Consolidated Theatres.

  • New Goodwill location to open at Oro Valley

    Tucson, Ariz. -- Commercial Real Estate Advisors said that Goodwill has signed a lease for 1,500 sq. ft. at Placita de Oro Shopping Center, in the Oro Valley section of Tucson, Ariz.

    This will be Goodwill’s second location in the area and will be utilized as a donation center only.
     

  • Play N Trade, Books for Less, Nailery to open at Moorestown Mall

    Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that three stores are opening at Moorestown Mall this spring, furthering the entertainment offerings for mall shoppers and area residents.

    Play N Trade, a specialty video game retailer, will open in the Sear’s wing next to GNC; Books for Less is opening in the Boscov’s wing next to Spencer’s; and a nail salon, Nailery, is opening next to the Chipotle entrance.

  • Opus Development to build smaller-format Gander Mountain prototype

    Minneapolis -- Opus Development Corp. said Wednesday that it has been selected to develop, design and build a new 52,000-sq.-ft. retail store for Gander Mountain Co., located in Valdosta, Ga.

    The retail building will be used as a model for future Gander Mountain stores as the retailer looks to introduce a smaller retail concept in small-to-mid-size markets across the country.

    The project is scheduled for completion in late 2012.

    Opus AE Group will design the building and it will be constructed by Opus Design Build.

  • CSA columnist analyzes Kohl’s smaller-format store plans

    New York -- Columnist Jeff Green isn’t really surprised that another retailer has joined the ranks of those chains that are downsizing or rolling out smaller format. But he finds the fact that Kohl’s has joined the crowd a little bit different and more interesting.

    Check out Retail Rap by Jeff Green by clicking here.

  • Bon-Ton to open Herberger’s in Pocatello, Idaho

    York, Pa. -- The Bon-Ton Stores has signed a lease with General Growth Properties to open a Herberger’s in Pine Ridge Mall, Pocatello, Idaho.

    Remodeling is expected to begin in April 2012 and be completed by the end of October 2012.

    The Pine Ridge location will be the first store in Idaho for the company.
     

  • Starbucks opens its first Evolution Fresh juice bar

    Seattle -- Starbucks Corp. opened its first-ever juice bar under its newest banner, Evolution Fresh. The shop, which also features wraps, soups, salads and vegetarian items, is located in Bellevue, Wash.

    Starbucks purchased the Evolution Fresh juice brand in November for $30 million. The coffee giant plans to roll out Evolution Fresh juices to its coffee shops later this year.

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