REAL ESTATE

Houston – Salata, a custom salad and salad wrap restaurant eatery, will open a 26,000-sq.-ft corporate complex in West Houston. Construction on the facility began in January and completion is estimated for summer 2015.

The headquarters will house offices for the chain's corporate employees, a training restaurant for franchisees and managers and a production facility. It will also feature a 2,500-sq.-ft. restaurant open to the public during regular lunch hours, which will also serve as a test kitchen and training restaurant.

Toronto - Sears Canada Inc. has entered into a definitive agreement with Concord Pacific Group of Companies to sell and lease back three of its properties for $140 million. The after-tax proceeds, including adjustments, will be approximately $130 million.  

The locations include store space and adjacent property located at the Metropolis at Metrotown in Burnaby, British Columbia, Cottonwood Mall in Chilliwack, British Columbia and North Hill Shopping Centre in Calgary, Alberta. The transaction is scheduled to close on or about June 8, 2015.

Alpharetta, Ga. --  Brixmor Property Group announced the opening of a 24,000-sq.-ft. REI at Mansell Crossing in Alpharetta, Georgia.  This is the fifth Atlanta-area location for the national outdoor retailer.

Alexandria, Va. -- The ranks of the nation’s convenience stores continue to grow, increasing to 152,794 stores at year end, up nearly 1% from the year prior, according to the 2015 NACS/Nielsen Convenience Industry Store Count. And 2015 is expected to be another busy year: Pennsylvania-based Sheetz plans to open 30 locations in 2015. The chain, which recently opened its 500th location, has said it now sees the potential to double in size.

Glendale, Wis. -- Olshan Properties announced that Old Navy will open a store at Bayshore Town Center, in Glendale, Wisconsin. Old Navy will occupy a 17,025-sq.-ft. space that formerly housed Applebee’s, which has relocated to a larger location within the center.
     

New York -- Triple Five Group,  the company that owns and manages the nation’s largest shopping center, Mall of America in Bloomington, Minn., and the largest one in North America, West Edmonton Mall, Alberta (Canada), is looking to build its largest center yet. The company has proposed a sprawling mega-mall and entertainment destination near Miami Lakes in Northwest Miami-Dade County. As outlined in an article in the Miami Herald, the project would include a Legoland and an indoor ski slope.

New York -- Juicy Couture, which was acquired by Authentic Brands Group in 2013, may no longer be a coveted brand in the United States, but it is still has great appeal in foreign markets. The company expects to open 133 stores (through its various licensing partners) during the next five years, according to Women's Wear Daily.

Juicy will open 31 international locations in eight countries this year, the report said. Three of the countries — India, South Africa and Azerbaijan — will be new market entries for the brand.

Dublin, Calif. -- Ross Stores recently opened 32 Ross Dress for Less stores and five dd’s Discounts locations across 15 different states. The openings are part of the off-price retailer’s 2015 expansion plans to open a total of approximately 90 stores in 2015 (70 Ross and 20 dd’s Discounts).