REAL ESTATE

Trademark adds three new tenants to Westbend
Fort Worth, Texas – Trademark Property Co. is adding three new tenants to its Westbend shopping center in Fort Worth, Texas. Restaurant chain HG Sply Co. will open a 3,800-sq.-ft. location with a 5,000-sq.-ft. outdoor patio.

In addition, Pax & Parker will open a 1,364-sq.-ft. luxury location and Woodhouse Day Spa will open a 5,240-sq.-ft. full-service luxury day spa.
JLL acquires retail brokerage firm Wilson Retail Group
Chicago -- JLL is getting a big boost to its retail business by acquiring Wilson Retail Group, an independent retail brokerage and capital markets firm in Southern California.

The transaction will enable JLL, the nation’s largest third-party retail property manager, to provide a broader range of brokerage and investment sales services to retailers and investors in a core urban gateway. The transaction closed for an undisclosed sum.

The Mall Is Not Dead: How Shopper Analytics Ensure It Thrives

By Nader Fathi
Lowe’s Canada to pick up 13 Target leases, distribution center

Toronto - Lowe's Canada has reached an agreement to acquire the leases of 13 former Target Canada locations and to purchase Target's distribution center in Milton, Ontario, for a total purchase price of about $125 million. This acquisition came as part of a real estate auction following Target's decision to cease operations in Canada.
Fuddruckers enters Maine

Houston – Fuddruckers is going from “Howdy” to “Ayuh.” The casual-dining chain is opening its first location in Maine on May 11 through a partnership with franchisee B&B Burgers Inc. The 3,000-sq.-ft. restaurant in Ellsworth, Maine anchors a new Tradewinds convenience store complex.
Macy’s new Macy’s Backstage off-price format to open four pilot stores in fall

Cincinnati -- Macy’s will debut its off-price business in fall 2014, opening four stores in metro New York City. The new business, one of the department store giant’s major growth initiatives, will be called Macy’s Backstage.
Phenix Salon Suites

For generations, hair and beauty services were exclusively operated as “commission salons,” where owners collected a percentage of fees paid to stylists. About 30 years ago, the booth rental model began to gain traction, where stylists paid a flat fee to occupy a chair in a salon. Not long after the first booth rental model came into being, the first salon suite concept debuted.
Uptown Village at Cedar Hill renamed Hillside Village

Cedar Hill, Texas - Trademark Property Co., the operating partner for Uptown Village at Cedar Hill, has announced a new name for the 610,000-sq.-ft. shopping center: Hillside Village. The new name and corresponding new brand were selected to reflect the garden-like look and feel planned as part of a multi-million dollar property renovation.
Walmart Canada to buy 13 former Target locations, one DC

Mississauga, Ontario - Walmart Canada has reached agreements to acquire one distribution center, 12 store leases and one owned property formerly held by Target Canada, for an aggregate of approximately $165 million Canadian ($136.3 million).
H&M opening its largest store to date, 63,000-sq.-ft. flagship in Manhattan

New York -- H&M will open its largest store in the world, in Manhattan’s Herald Center, on May 20. The 63,000-sq.-ft. store, located at the southwest corner of 34th Street where Broadway and Avenue of the Americas converge, will be the fast-fashion giant’s 13th location in Manhattan. To celebrate opening day, music superstar John Legend will perform and cut the ribbon and twenty lucky winners will be chosen at random for a meet and greet.