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REAL ESTATE

  • Build-A-Bear Workshop to make airport debut

    St. Louis -- Build-A-Bear Workshop is teaming up with Orlando International Airport to open a new store in mid-May. It will be the first Build-A-Bear Workshop store located inside an airport.

    The Build-A-Bear Workshop store at Orlando International Airport will be located in the Main Terminal. The store will provide the same experience and interaction as mall-based Build-A-Bear Workshop retail locations.
     

  • Darden looks to double size of LongHorn Steakhouse over 10 years

    New York City -- Darden Restaurants plans to roughly double the size of LongHorn Steakhouse during the next 10 years. 

    Speaking at Barclay’s Retail & Restaurants Conference in New York City, Darden president and COO Drew Madsen said LongHorn Steakhouse, Olive Garden and Seasons 52 would help drive the company’s growth going forward. Darden want to expand LongHorn Steakhouse, which currently has some 345 locations, to 600 to 800 units over the next decade.

  • America’s Kids debuts at Tower Shopping Center

    Raleigh, N.C. -- Tarrytown, N.Y.-based DLC Management Corp. announced a pair of lease signings that have transformed its Raleigh, N.C., asset Tower Shopping Center.

    According to DLC, America’s Kids will open a 26,691-sq.-ft. store, marking the children’s clothing and accessory retailer’s first store in North Carolina. This is also the first America’s Kids store in DLC’s portfolio, and deals at two additional shopping centers are under negotiation.

  • Citi Trends to open at City Line Plaza

    Moline, Ill. -- Oakbrook Terrace, Ill.-based Mid-America Asset Management announced that Citi Trends is entering Moline, Ill., with a lease for 10,137 sq. ft. at City Line Plaza.

    The new store is slated to open in June.

    The 112,849-sq.-ft. City Line Plaza is anchored by Jewel/Osco and Family Dollar, with other tenants including Papa Johns, Hallmark and Rent-A-Center.
     

  • REI to open in South Carolina

    Seattle -- REI (Recreational Equipment, Inc.), announced plans to open a new store in Greenville, S.C., this fall. It will be the company’s first location in Asheville, N.C.

    The one-story, approximately 22,000-sq.-ft. store will include a bike shop for quick assemblies and repairs, and a seasonal gear rental department for customers looking to test new activities. It will also feature a community space for REI and its local partners to hold outdoor-related classes, presentations and events.

  • Mango to open in Manhattan

    New York City -- Spain’s fast-fashion Mango will open a store in Manhattan’s Herald Square vicinity in May.

    The retailer is taking over a 5,500-sq.-ft. space from Lane Bryant at 7 West 34th Street.
     

  • Westwood Town Center sold

    New York City -- Westwood Town Center, a shopping center located in West Seattle, has sold for $78.1 million.

    The buyer was MEPT Westwood Village LLC. The seller was Wesbild Holdings of Vancouver, B.C.

    Newmark Realty Capital of Seattle arranged $39 million of the financing of the center.
     

  • Ikea store with geothermal heating/cooling to open in July

    New York City -- Ikea announced that its 415,000-sq.-ft. store in Centennial, Col., will open on July 27.

    “The excellent construction progress made this past fall and winter by Saunders Construction and the subcontractors -- as well as professional and timely reviews by local authorities -- created an opportunity for us to open much earlier than originally envisioned,” said Ikea project construction manager Doug Wolfe.

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