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REAL ESTATE

  • Settlement: Hollister to remove steps from entrances

    Teen apparel retailer Hollister will remove the steps from its store entrances following a six-year court battle.

    The company, owned by Abercrombie & Fitch Co., has agreed to eliminate the steps that part of the exterior design of many of its stores in order to make the doorways wheelchair accessible, the Associated Press reported. The change is part of a settlement approved by a federal judge.

  • Ross Stores continues aggressive store growth

    Ross Stores Inc. is continuing an aggressive growth strategy for both its Ross Dress for Less and DD’s Discount banners. The new store openings are part of the retailer’s 2015 expansion program, totaling approximately 90 new locations during the year.

    Ross Dress for Less will open four new stores on Oct. 10. These include two new stores in the Chicago area: a 25,000-sq.-ft. store in Palatine located in the Deer Grove Centre, and a 24,000-sq.-ft. Joliet store is located in Joliet Commons.

  • The Taylor McMinn team of Marcus & Millichap sells $4.2 million

    Dallas, Ga. -- Marcus & Millichap announced the sale of a 17,930-sq. ft. CVS Strip Center in Dallas, Georgia, for $4.2 million. The property is 70% anchored by CVS Health with a 15-year corporate-guaranteed double-net lease.

  • Wawa ready for the Pope in Philadelphia; touts new design

    Wawa managed to beat the clock in Philadelphia, opening a flagship location just in time for the Pope’s visit.

    The convenience store operator opened the 4,000-sq.-ft. store nearly two months ahead of schedule, and in time for the crowds in town to see Pope Francis.

    The new Wawa features an entirely new store design, colors, graphics and other one-of-a-kind features. It was designed in collaboration with Interbrand Design Forum, Dayton, Ohio, and Cuhaci and Peterson, locally based in Blue Bell, Pennsylvania.

  • Multi-million dollar renovation of Burr Ridge Village Center now underway

    Burr Ridge Ill. -- Trademark Property Co. announced the start of construction on its multi-million dollar renovation of the Burr Ridge Village Center in Burr Ridge, Illinois. Enhancements will include upgraded amenities, renovation of common areas and roadway modifications.

    “We are excited to evolve Burr Ridge Village Center by investing in these upgrades, which will create a more welcoming environment for guests,” said Weston Graves, VP, design and construction, Trademark.

  • Getting Physical

    The emphasis on omnichannel commerce has largely laid to rest (at least for now) the debate of online versus offline. Indeed, A.T. Kearney put it best in the title of a recent study, “On Solid Ground: Brick and Mortar is the Foundation of Omnichannel Retailing.”

  • More retailers named for American Dream

    American Dream has added more fire power to its retail lineup.

    The Triple Five Group of Companies, the developer of the long-delayed retail and entertainment mega-center in East Rutherford, New Jersey, on Monday announced the names of 10 new retail tenants who will be setting up shop there. These include: Aritzia, Banana Republic, Gap, Lululemon, Mac, Microsoft, Pink, Uniqlo, Victoria's Secret and Zara.

  • Johnny Rockets targets millennials with new concept

    Johnny Rockets is launching a fast-casual concept that the company hopes will appeal to time-starved millennials on the run.

    Called Johnny’s Burger Factory, the 1,000-sq.-ft. eatery is located at the Walden Galleria mall, in Buffalo, New York, and will open on Sept. 26.

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