REAL ESTATE

Dollar General expands footprint with entry into three new states
Goodlettsville, Tenn. -- Dollar General isn’t letting its failed bid for rival Family Dollar slow its momentum. On Saturday, Dollar General announced it is entering three new states: Oregon, Maine and Rhode Island. The expansion will give it stores in a total of 43 states nationwide.

Dollar General already operates more than 11,700 stores, but entry into the three new states gives it more greenfield expansion opportunities to pursue while Dollar Tree is busy integrating the recently acquired Family Dollar chain.
Retailers in expansion mode
New York -- Retailers making headlines with store expansion plans for 2015 include a mix of global players as well as some familiar national brands. Here’s an update:

• Famed British toy retailer Hamleys is coming across the pond. The 225-year old company is looking at a multiple store roll-out throughout the United States. Hamleys, which has 49 stores across 17 countries in Europe, Asia and the Middle East, is most famous for its seven-story location on Regent Street in London.

Houston Galleria to undergo $250 million transformation

Houston -- Simon is further elevating its signature Houston Galleria by investing in a $30 million renovation of the luxury wing in addition to adding a new Saks Fifth Avenue flagship, 110,000 sq. ft. of new retail space, and a 14,000-sq.-ft. freestanding retail building.
Nordstrom to debut second full-line store in Connecticut

Seattle -- Nordstrom will open a full-line store in the new regional shopping center being developed by General Growth Properties in Norwalk, Connecticut.

The three-level, 150,000-sq.-ft. store is scheduled to open in fall 2018 and will be the company's second full-line store in the state. The company opened its first Nordstrom in Connecticut in 1997 near Hartford at Westfarms Mall in Farmington.
Food Lion to remodel Raleigh stores

Salisbury, N.C. – Food Lion will remodel its Raleigh, North Carolina market stores in 2015. The Raleigh market remodels are expected to be completed in stores on a rolling basis between April and October 2015.

Food Lion will continue to launch enhancements for customers across all of its 1,100 stores in 2015, as well as remodels in markets over time. Raleigh is the third market to receive the store remodels. Seventy-six stores in the greater Wilmington and Greenville, North Carolina markets were remodeled in 2014.
Report: GameStop bids $2.4 million on 163 RadioShack leases

Fort Worth, Texas – Video game retailer GameStop Corp. has reportedly bid on the leases of 163 stores that bankrupt consumer electronic chain RadioShack Corp. is abandoning as of March 1. According to Reuters, GameStop’s total bid equaled about $2.44 million, or $15,000 per lease.
Newk’s Eatery enters San Antonio, plans 30 new stores

Jackson, Miss. – Newk’s Eatery is entering the San Antonio, Texas area as part of a broader expansion plan that includes 30 new franchise and corporate stores in 2015. The fast-casual dining chain has signed a franchise agreement with Stephen Kuehler, who will lead the chain's expansion into the San Antonio area.
Luke Petherbridge named CFO of DDR

Beachwood, Ohio -- DDR has named a new financial chief, and the shopping center company reached from within its own ranks for the appointment. Luke J. Petherbridge, age 35, assumes the role of CFO effective immediately.

"Luke is an accomplished executive with a proven track record within our company, overseeing the balance sheet, fostering strong banking and capital partner relationships, and sourcing large scale transactions during his tenure with us," said David Oakes, president and CEO.
Nordstrom opens its second Canadian store

Seattle -- Nordstrom on Friday opened the doors to its store at Rideau Centre in Ottawa, Ontario. The 157,000-sq.-ft. store is the retailer’s second location to date in Canada.

"We are thrilled to welcome Nordstrom to Rideau Centre, which is a major milestone and component in the shopping centre's $360 million multi-year redevelopment project," said John Sullivan, president and CEO, The Cadillac Fairview Corporation Limited.
Coach Factory store to open new location at Legends Outlets Kansas City

Kansas City, Kan. -- Coach will permanently extend its temporary stay at Kansas City’s signature designer outlet shopping destination, Legends Outlets Kansas City. The permanent location, which will nearly double the existing pop-up footprint, is slated to open fall 2015.