REAL ESTATE

Report: Publix is looking to enter D.C. market
Publix has hired a broker and is actively looking for sites in the Washington, D.C., area, according to a new report. The Washington Business Journal reported that the Florida-based grocery chainhad a booth at the International Council of Shopping Centers’ Mid-Atlantic Dealmaking and Conference last week in Southern Maryland. Publix spokeswoman Kim Reynolds told the publication that indeed, the chain is looking to open stores throughout Virginia, including in Northern Virginia.
Nordstrom Rack to add two more locations
The off-price division of Nordstrom plans to open a new store in the nation’s capital, and another in Texas.

Nordstrom Rack will open at District Center in the heart of Washington, D.C. The approximately 37,000 sq.-ft., two-level store, is scheduled to open in fall 2016, will be the retailer's thirteenth Nordstrom Rack in Washington, D.C./Baltimore area having first opened in the area at Potomac Mills in Woodbridge, Virginia in 1990.

Ross Dress for Less on the move in Texas

Ross Dress for Less opened a new store in El Paso, Texas on March 5.
Phillips Edison Grocery Center REIT II, Inc. and TPG Real Estate announce partnership

Cincinnati -- Phillips Edison Grocery Center REIT II and TPG Real Estate announced the formation of a partnership to acquire high-quality, value-added grocery-anchored shopping centers throughout the United States. The Partnership will invest up to $250 million of equity and plans to leverage this capital to achieve a $750 million acquisition target.
Ross Dress for Less expands in Tennessee

Ross Dress for Less opened a store in Sevierville, Tennessee, on March 5.

The 25,000-sq.-ft. store is located in Sevierville Commons, 20 miles southeast of Knoxville at the southeast corner of Winfield Dunn Parkway and Old Douglas Dam Road.

The opening is part of the retailer’s 2016 expansion program, totaling about 70 new locations during the year.
New retail accelerator by Westfield Labs, R/GA seeks innovators

Target is not the only organization looking for a few good retail IT start-ups.

New York-based digital advertising agency R/GA is partnering with San Francisco-based Westfield Labs, the innovation lab subsidiary of shopping center operator Westfield Corp., to launch the R/GA Connected Commerce Accelerator. The application process is open to start-ups across the globe through May 23, 2016.
Ross Dress for Loss adds another location in California

Ross Dress for Less opened a new store in Port Hueneme, California on March 5.

The 23,000-sq.-ft. foot store is located at Mandalay Village Marketplace, 63 miles northwest of Los Angeles and 40 miles south of Santa Barbara, along Channel Islands Boulevard and Wheelhouse Avenue.

With this location, Ross operates 278 stores in California, its largest state. The opening is part of the retailer’s 2016 expansion program that will see it open some 70 new locations during the year.
Advance Auto Parts exec rejoins JLL

Companies of all sizes, and increasingly retailers, are implementing integrated portfolio management solutions to make smarter real estate decisions and solve their business challenges.

To better support retailers with their real estate portfolios, JLL announced that it has welcomed back Geno Coradini to the firm as executive VP, retail integrated portfolio services lead. He will be responsible for working with our retail tenant representative brokers nationally to support JLL’s retailer client base.
Vestar acquires retail center in Seattle area for $31.4 million

Tacoma, Wash. -- Vestar announced that it has acquired James Center located in Tacoma, Washington, for $31.4 million.

The 140,240 sq. ft. center is located directly across from Tacoma Community College, which enrolls nearly 14,000 students per year. James Center is anchored by Fred Meyer and Rite, as well as feature tenants: Starbucks, Subway, Verizon, Menchie’s, U.S. Bank, IHOP, FedEx Kinko’s and Ivar’s.
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