REAL ESTATE

Springfield, N.J. -- Luxury watch maker Tag Heuer opened its second North American flagship boutique, an 800-sq.-ft. space in Aventura Mall, Aventura, Fla.

The store is designed as a "lifestyle lounge" and is adorned with Tag Heuer accessories that range from vintage stainless steel cufflinks to the brand's technologically advanced eyewear and communication devices.

Pasadena, Calif. -- The Disney Store announced Tuesday that it will open new stores with its new design in Japan, China, Italy, North America and Canada by the end of 2012. According to the company, the store opening slate includes an inaugural location in Shanghai, China opening in the fall, making it the 12th country to receive the interactive retail model.

Thirteen new and remodeled Disney Store locations are scheduled to open in North America in 2012, include state concept debuts in Colorado, Connecticut, Delaware, Utah and Virginia.

Atlanta -- Aaron's announced that Jeannie M. Cave has been hired as the company's new VP real estate and construction. She will be responsible for a number of activities including the development of strategies that support Aaron's real estate goals and the management of the company's real estate portfolio for both company-operated and franchised stores.

Cave brings 10 years of leadership experience from Cox Enterprises.
 

Bethlehem, Pa. -- Peeps & Co., the retail division of candy-manufacturer Just Born, whose brands include Peeps and Mike and Ike, has opened a store at Mall of America, Bloomington, Minnesota.

The new Peeps & Co. is designed to offer a fun, energy-filled retail experience that features customized music, lights, interactive displays, as well as current and historic video about the company’s candy brands. The merchandise includes a mix of branded apparel, accessories and gifts.

Boston -- City Sports plans to relocate its store in Suburban Square, Ardmore, Pa., into the space previously occupied by Talbots. The new location, at 8,000 sq. ft., will accommodate upgrades planned for a refreshed and fully integrated shopping experience, including the brand's new women's concept.

Boise, Idaho -- Albertsons LLC plans to close four underperforming stores: one in Arizona, one in Louisiana and two in Texas.

The closings will leave Albertsons with 205 stores in the Southwest and the South.

Fort Worth, Texas -- Edge Realty Partners announced several Sears concept planned openings in Texas. 

Sears Outlet leased a 30,577-sq.-ft. space in Ridgmar Town Square located in Fort Worth, Texas. Sears Appliance Showroom leased a 5,500-sq.-ft. space in Timber Creek Crossing in Dallas.

And Sears Outlet leased a 35,398-sq.-ft. space in Cottonwood Creek Village Shopping Center located in Allen, Texas.
 

Pompano Beach, Fla. -- Brixmor Property Group announced Thursday that Party City will open an 11,957-sq.-ft. store at Shopper's Haven Shopping Center, located in Pompano Beach, Fla.

New York City-based Brixmor is the owner of Shopper's Haven Shopping Center.