REAL ESTATE

Seafood chain to open 10 new locations
Captain D’s, which introduced fast-casual seafood to Tennessee nearly 50 years ago, continues to expand at a quick pace. The Nashville-based chain announced this week that four new locations are planned for the Mobile-Pensacola market in the next five years and five new stores are planned for San Antonio. It added that a new franchisee will open a location in the Jackson, Tennessee, market this year, with more to follow.
Amazon distribution center set for Lake Nona
One of the nation’s fastest-growing communities shows no signs of slowing down. Amazon has selected the master-planned town outside Orlando as the site of an 850,000-sq.-ft. distribution center set to open in 2018. It will create more than 1,500 full-time jobs, according to Amazon’s VP of North America Operations Akash Chauhan.

Children's clothing retailer details store closings

Gymboree Corp. is "right-sizing" its store footprint.
RPAI on target with disposition strategy

The remaking of Retail Properties of America is right on track, according to a financial review provided by the Oak Brook, Illinois company. RPAI reported that it has completed $414.8 million worth of dispositions in the year to date, of which $367.2 million were non-target, multi-tenant retail assets. In executing its strategic plan to focus on high-performing markets and properties, RPAI has exited multi-tenant retail operations in Alabama, Colorado, Louisiana, New Mexico, and Ohio.
Six more Neighborhood Market prototypes sold

Skilken/Gold has announced the sale of six Neighborhood Market stores, one of which was a prototype of Walmart’s new design for its grocery store concept. The Louisiana stores all average about 42,000 sq. ft., including the Baton Rouge location that emerged from Walmart’s “build-to-suit” program initiated in 2014. The Hampshire Companies and a South Korean partner acquired the properties for $78 million.
Cushman names director of Palm Beach brokerage

Cushman & Wakefield has tapped Dominic Delgado as senior director of its retail brokerage for Palm Beach and Broward County, Florida. Delgado moves over to Cushman from LDR Partners, a Florida firm that focused on acquisition of low-performing retail, office, and hospitality real estate during the recession. As executive VP there, Delgado represented a mix of national and regional developers and REITs.
Pet supplies retailer continues store expansion

PetSmart was busy opening stores during its first quarter. The retailer opened 18 new stores in the U.S. and Canada in its fiscal quarter ending May 1, 2017. PetSmart opened 70 net new stores in 2016 and expects to open more than this number in fiscal year 2017.
GameWorks coming to Mall of America’s fourth floor

The fourth floor of the Mall of America, which has long been a center of night-time activity at the Bloomington, Minnesota, institution, continues to undergo an overhaul.
Sears lowers the ax again

Sears Holdings continues to shrink its traditional store portfolio even as it plans to open more smaller, specialty stores. The embattled retailer on Friday announced that it will close 43 more locations -- eight Sears stores and 35 Kmart locations -- by early October. This is on top of the 265 store closings that it has already announced for this year.
Nordstrom Rack to open second Milwaukee location

Nordstrom will be erecting its second off-price Nordstrom Rack store in Milwaukee. The Seattle-based retailer has announced plans for a 26,800-sq.-ft. location at the Bayshore Town Center in the city’s North Shore. The Nordstrom Rack will be erected on the site of a vacated Sears at the Olshan Properties center, where a Total Wine & More store is also slated to take up some of the space.