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REAL ESTATE

  • New tenants for Warrenton, Va., center

    Virginia Beach, Va. — Two new tenants have signed into Warrenton Towne Center in Warrenton, Va., according to Divaris Real Estate, the broker representing Kalis Holdings, the landlord, in the transactions.

    Regis Corporation leased 2,502 sq. ft. in the center for a beauty salon. The company owns, franchises or holds ownership interests in 9,763 locations worldwide.

  • Ahold acquires supermarket business in Czech Republic

    ZAANDAM, the Netherlands — Ahold has entered into an agreement to acquire Spar's business in the Czech Republic. The acquisition includes 50 stores of which 36 are compact hypers and 14 are supermarkets.

  • Ross Stores to open 96 stores in 2014

    New York -- Ross Stores continues to expand in 2014. The off-price retailer has already opened 30 Ross Dress for Less and seven dd's Discounts stores in 14 different states, and there's more to come.

    "We remain on track to open a total of approximately 95 new locations in 2014, comprised of about 75 Ross Dress for Less and 20 dd's Discounts," said Jim Fassio, president and chief development officer. "Today, Ross Dress for Less is the largest off-price apparel and home fashion chain in the U.S.”

  • Meijer announces plans to expand in Wisconsin

    MILWAUKEE — In his first major appearance before a Milwaukee crowd, Meijer CEO Hank Meijer said the retailer is gearing up for growth in Wisconsin over the next few years, according to the Milwaukee Business Journal.

    Speaking at the recent Milwaukee Business Journal’s Power Breakfast, he said the company is likely to open 10 to 12 stores a year, and most of the locations will be in Wisconsin, the publication reported.

  • Ross Stores opens 37 locations, plans 95 new stores

    Dublin, Calif. -- Ross Stores recently opened a total of 30 Ross Dress for Less and seven DD’s Discounts stores in 14 different states. These openings are part of the off-price retailer's 2014 expansion plans for about 95 new stores, which will include continuing to build presence in existing markets and grow in the newer markets initially entered in 2011.

    Ross believes that long-term expansion opportunities include 2,000 Ross Dress for Less stores and 500 DD’s Discounts stores.

  • Domino’s plans Paraguay expansion

    Ann Arbor, Mich. - Domino's Pizza is opening its first store in Paraguay. Grupo Vierci, master franchisee for Domino’s Pizza Paraguay, plans to open three new stores in the Asuncion area of the country by the end of May 2014.

  • Whole Foods leases space at The Summit in Lexington, Ky.

    Birmingham, Ala. — Whole Foods Market has signed a lease for 40,000 sq. ft. at The Summit in Lexington, Ky. Currently under development by Bayer Properties LLC www.bayerproperties.com, The Summit Lexington is a mixed-use project with 450,000 sq. ft. of retail and restaurants plus 306 multi-family residential units.

    Phase I of the project will open during the spring of 2016 with 340,000 sq. ft. of retail and the full complement of the planned 306 residential units. Phase II will add 110,000 sq. ft. of retail.

  • Mattress Firm expands company store base

    Houston -- Mattress Firm Holding Corp. has entered into an agreement to acquire the outstanding equity interests of Sleep Experts Partners L.P., which operates Sleep Experts retail stores in Texas. In addition, Mattress Firm completed the acquisition of substantially all of the assets and operations of Yotes, Inc., which operated stores under the Mattress Firm brand in Colorado and Kansas, as well as the Virginia retail operations of Southern Max LLC.

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