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REAL ESTATE

  • Terranova and Freshberry ink third long-term deal

    Miami Beach, Fla. -- Terranova Corp. announced that self-serve frozen yogurt concept FreshBerry has signed on to a long- term deal for an 1,800-sq.-ft. space in El Mercado Shopping Center, in Hialeah, Fla.

    El Mercado is a Publix-anchored center with additional tenants such as Anna’s Linens, GNC and Pollo Tropical.

    FreshBerry has also signed on to join Parkhill Plaza, in Miami, in a long term 1,600-sq.-ft. deal. Parkhill Plaza is a Winn-Dixie-anchored center.

  • Whole Foods to open in Minnetonka

    St. Paul, Minn. -- Paster Enterprises announced that Whole Foods Market is opening a 32,000-sq.-ft. standalone location at the company’s Minnetonka property.

    Construction on the project, a joint venture between Paster Enterprises and Shiner Capital Partners, a Chicago-based real estate investment firm, officially began on April 20.

  • The Foundry Big & Tall Supply Co. opens at The Centre at Preston Ridge

    Frisco, Texas -- New York City-based Centro Properties Group said that The Foundry Big & Tall Supply Co. has opened at Preston Ridge, located in Frisco, Texas.

    The 5,000-sq.-ft. store is part of the new Growth Brands Division at J.C. Penney Co.

    Preston Ridge is owned by Centro.
     

  • Fameco opens office in Philadelphia

    Plymouth Meeting, Pa. -- Fameco Real Estate is opening an office in Center City, Philadelphia, to better accommodate the growth of its clientele in the market.

    Fameco will be fully operational in the center city office at 1425 Walnut Street in early June. Fameco partners Jeffrey Cohen, Brandon Famous and Rick Schuch will spearhead this new initiative.

  • Food Lion opens third LEED-certified store

    Salisbury, N.C. -- Food Lion has opened its third LEED (Leadership in Energy and Environmental Design)-certified store, in Hope Mills, N.C.

    “By building our third LEED grocery store, we will reduce energy costs by more than 20% compared to a typical supermarket, as well as conserve 40% more water than other Food Lion stores,” said Kyle Mitchell, VP of store development for Delhaize America South. “Food Lion has one of the most advanced retail energy conservation programs in the country.”

  • Kohl’s focusing on smaller stores, looking at all options for new headquarters

    New York City -- Kohl’s Corp. is looking to focus on smaller stores as it continues to expand across the country, chairman and CEO Kevin Mansell said in remarks following the company's annual meeting Thursday, according to The Business Journal.

    The chain expects to open about 40 stores this year, and 30 of them will be smaller models. Kohl’s smaller footprint generally averages about 60,000 sq. ft. as compared with 90,000 sq. ft. for a typical store, the report said.

  • Superdry expanding U.S. footprint

    New York City -- Britain’s trendy fashion brand Superdry plans to open three stores in the United States by July.

    New stores are slated to open at Valley Fair, Santa Clara, Calif., in late May; at the South Street Seaport in Manhattan in June; and at Mall of America, in Bloomington, Minn., in July.

    The company, which hopes to open 10 to 12 stores a year over the next four years, would like to open additional stores in the Los Angeles, Boston, Chicago and Miami markets, according to Women’s Wear’s Daily.

  • Nordstrom Rack on Long Island to relocate

    Seattle -- Nordstrom announced plans to relocate its Nordstrom Rack at The Mall at The Source to the Gallery at Westbury Plaza. The new store will be located approximately a quarter of a mile from the existing location and is expected to open in fall 2012.

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