REAL ESTATE

Bentonville, Ark. -- Karen Roberts was named executive VP and president of Walmart Realty on Friday, filling a position vacated by the company’s long time real estate executive Eric Zorn who retired after a 20-year career.

Roberts most recently served as senior VP and chief compliance officer. She will report to Tom Mars,  executive VP and chief administrative officer, whose responsibilities were expanded to include oversight of real estate in the wake of Zorn’s retirement.

Addison, Texas — Coyote Management, L.P. and Garrison Investment Group announced that Lakeshore Mall, in Gainesville, Ga., is undergoing a renovation that includes extensive landscaping upgrades, new branding campaign, banners, directional signage, reopened customer service, gift card program and children’s strollers.

This week, said the companies, the property will begin construction on a new 11’ x 26’ monument sign and over $25,000 in landscaping. The project is scheduled to be complete by the end of July.

Boca Raton, Fla. — Indianapolis-based Simon Property Group announced Monday that lululemon athletica will grand-open a new store at Town Center at Boca Raton on July 22.

Aguora Hills, Calif. -- Jacksonville, Fla.-based Regency Centers said it has leased space in Aguora Hills, Calif. to GNC, which will open a new store at Twin Oaks Shopping Center.

GNC has leased 1,050 sq. ft., bringing the center to 97% leased.  The tenant is slated to open for business in fall 2011.  

Aguora Hills, a 98,399-sq.-ft. shopping center, is anchored by Ralphs, alongside RadioShack, Rite Aid, Wells Fargo Bank and Starbucks. 

Middletown, N.Y. — Charter Realty & Development Corp. said that three new leases and one relocation, totaling 90,372 sq. ft. has brought the Dunning Farms Shopping Center, located in Middletown, NY., to 100% occupancy.

Since being brought on to lease Dunning Farms, Charter has executed new leases with Ollies Bargain Basement for 30,775 sq. ft., with Groo Shoes for 3,880 sq. ft., and with Nilsen Insurance for 1,175 sq. ft. What-a-Store has relocated to a 28,000-sq.-ft. store. 

Monroeville, Pa. — Chattanooga, Tenn.-based CBL & Associates Properties Inc. has announced a series of anchor redevelopments at Monroeville Mall in Monroeville, Pa., including the relocation of J.C. Penney to a new 110,000-sq.-ft. store on the upper level of the former Boscov’s location.     

Additionally, the current J.C. Penney location will be redeveloped into a new state-of-the-art 12-screen Cinemark Theatre. 

Washington, D.C. — Grosenor Americas announced that tapas restaurant Boqueria will open a 5,331-sq.-ft. restaurant in a former Penang Malaysian Cuisine space in Washington, D.C.

Boqueria, which operates two New York City locations, is slated to open fourth quarter 2011.

Grosvenor Americas also announced that Irish Whiskey will open a 3,815-sq.-ft. bar in the adjacent former Porters Dining Saloon space.

New York — Five Below on Friday made its Michigan debut, opening five stores in the Detroit metro area. The chain specializes in “extreme value” merchandise for teens and pre-teens, with no item priced more than $5.