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REAL ESTATE

  • Wal-Mart to reopen 12 quake-hit stores in Japan

    Bentonville, Ark. -- Wal-Mart Stores announced Sunday that it will re-open 12 of its Seiyu stores in Japan, which were affected by the earthquake. A company spokesman added that the retailer is hoping to open the remaining 12 impacted stores as soon as possible.

    Wal-Mart has 371 stores and 43 deli outlets in Japan, of which 24 were affected by the March 11 earthquake and tsunami.

    Of Wal-Mart's affected stores, two were severely hit and were completely covered by mud, according to the company.

  • Shoppes at Chino Hills to add two new restaurants

    Chino Hills, Calif. -- The Shoppes at Chino Hills announced that it is adding Dillon’s Irish Pub & Grill, along with Dripp coffee boutique and ice shop, to its tenant lineup.

    The new restaurants join P.F. Chang’s China Bistro, Chipotle Mexican Grill, California Pizza Kitchen, Yard House and Wood Ranch BBQ & Grill at the shopping center.

  • Potbelly Sandwich to open first New York location

    New York City -- TF Cornerstone said it recently signed a 15-year, 2,800-sq.-ft. lease with Potbelly Sandwich Shop at 2 Gold Street, a 650 unit luxury residential building.

    The location is the chain’s first in New York. Potbelly joins existing tenants Pret-A-Manger, Goodburger and Hot Clay Oven.

  • Dollar Tree to open at West Aurora Plaza

    Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Dollar Tree recently signed a lease for 10,900 sq. ft. at West Aurora Plaza in West Aurora, Ill., a western suburb of Chicago.

    The new store is slated to open this June in a former Aronson Furniture space.
     

  • Construction to add 9,100 sq. ft. of new retail space at Seminole Shoppes

    Neptune Beach, Fla. -- Jacksonville, Fla.-based Regency Centers said it has started construction on an additional 9,100-sq.-ft. building at Seminole Shoppes, located in Neptune Beach, Fla., for six new side shops.

    Leases have already been signed with Hurricane Grill & Wings for 2,940 sq. ft. and TCBY for 1,400 sq. ft. in the new building, slated for completion in late spring.

  • NAI Capital adds big-box specialist to retail executive roster

    Encino, Calif. -- NAI Capital announced it has appointed Vicki R. Donkin as senior VP within the firm’s Ontario, Calif., office, effective immediately.

    Donkin, who will specialize in investment and land sales/leasing, and marketing and cost benefit analyses for retail and non-retail properties, was previously VP with Present Value Properties of Tustin, Calif., where she marketed tenant and landlord big-box locations.
     

  • Developers Diversified expands enterprise risk management commitment

    Beachwood, Ohio -- Developers Diversified Realty Corp. announced Friday it has furthered its commitment to risk management with the formalization of its Enterprise Risk Management Program.

    The new program, according to Developers Diversified, is an integration of strategy, process, people and technology that promotes the identification, prioritization, ownership and management of the company's critical risks.

  • Jos. A. Bank to open at Willow Grove Park this spring

    Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Jos. A. Bank will open a new store at its Willow Grove Park shopping mall this spring.

    The 4,465-sq.-ft. store will be located next to Bloomingdale’s and will join Men’s Wearhouse and Tux, Express, J. Crew, Banana Republic and Guess, expanding Willow Grove Park’s men’s fashion collection.

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