{"id":359,"date":"2011-06-23T11:47:00","date_gmt":"2011-06-23T15:47:00","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/2011\/06\/real-estate-news\/"},"modified":"2011-06-23T11:47:00","modified_gmt":"2011-06-23T15:47:00","slug":"real-estate-news","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2011\/06\/real-estate-news\/","title":{"rendered":"Real Estate News"},"content":{"rendered":"
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Discount and Specialty<\/span><\/u><\/b><\/span><\/div>\n
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Real Estate:<\/o:p><\/span><\/b><\/div>\n
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Best Buy<\/span><\/b>\u00a0announced plans to cut its big-box store square footage by 10 percent during the next three to five years and focus on boosting its online presence.<\/o:p><\/span><\/div>\n
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Disney Store<\/span><\/b>\u00a0plans to open its interactive concept stores in more than 40 locations in 2011 the company announced today at the Global Retail Real Estate Convention in\u00a0Las Vegas<\/st1:place><\/st1:city>. \u00a0The company said that by the end of 2011, it will have 60 new concept stores in 16 major markets in\u00a0North America<\/st1:place>\u00a0and eight countries.<\/o:p><\/span><\/div>\n
In spring 2012, the original Disney Store location at the Glendale Galleria in\u00a0Glendale<\/st1:city>,\u00a0Calif.<\/st1:state><\/st1:place>, will be remodeled to celebrate the retail chain\u2019s 25th anniversary. First built in 1987, the store pioneered the entertainment retail concept. The\u00a0Glendale<\/st1:place><\/st1:city>\u00a0store will be just one of many planned remodels in 2012.<\/o:p><\/span><\/div>\n
New and remodeled Disney Store locations to open throughout the fall and winter of 2011 include:<\/o:p><\/span><\/div>\n
Disney Store\u2019s Florida Mall location in\u00a0Orlando<\/st1:city>\u00a0will be remodeled this fall with the new design, and Pembroke Lakes Mall in\u00a0Pembroke Pines<\/st1:city>,\u00a0Fla.<\/st1:state><\/st1:place>\u00a0will open an all-new location.<\/o:p><\/span><\/div>\n
Locations in\u00a0Canada<\/st1:country-region>\u2019s West Edmonton Mall in\u00a0Edmonton<\/st1:city>,\u00a0Alberta<\/st1:state>\u00a0and Southcentre Mall in\u00a0Calgary<\/st1:place><\/st1:city>\u00a0will open this fall.<\/o:p><\/span><\/div>\n
Kenwood<\/span><\/st1:placename>\u00a0Towne<\/st1:placename>\u00a0Center<\/st1:placetype>\u00a0in\u00a0Cincinnati<\/st1:city>\u00a0will receive the first newly-designed Disney Store in the state of\u00a0Ohio<\/st1:place><\/st1:state>.<\/o:p><\/span><\/div>\n
Texas<\/span><\/st1:state>\u00a0will celebrate the opening of Disney Store locations at La Plaza mall in\u00a0McAllen<\/st1:city>, and Houston Galleria in\u00a0Houston<\/st1:place><\/st1:city>.<\/o:p><\/span><\/div>\n
The first newly-designed Disney Store in\u00a0Missouri<\/st1:place><\/st1:state>\u00a0will open at the St. Louis Galleria.<\/o:p><\/span><\/div>\n
California<\/span><\/st1:state>\u00a0will get two new locations this fall with stores opening in the Galleria at\u00a0Roseville<\/st1:city>\u00a0in\u00a0Roseville<\/st1:city>,\u00a0Calif.<\/st1:state>\u00a0and\u00a0Westfield Fashion Square<\/st1:address><\/st1:street>\u00a0in Sherman Oaks,\u00a0Calif.<\/st1:place><\/st1:state><\/o:p><\/span><\/div>\n
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Dollar General<\/span><\/b>\u00a0announced its plans to expand its operations to\u00a0California<\/st1:place><\/st1:state>\u00a0in 2012.<\/o:p><\/span><\/div>\n
The\u00a0California<\/st1:state>\u00a0announcement comes on the heels of the company\u2019s planned expansions into three new states in 2011 \u2014\u00a0Connecticut<\/st1:state>,\u00a0Nevada<\/st1:state>\u00a0and\u00a0New Hampshire<\/st1:place><\/st1:state>.<\/o:p><\/span><\/div>\n
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Marbles: The Brain Store<\/span><\/b>, the Chicago-based retailer that sells toys and other products designed to stimulate and strengthen the brain, announced that it has received $5.5 million from private inve<\/p>\n

stors, which the company will use to open 10 stores on the East Coast and in Chicago this year.\u00a0\u00a0Nine of the new shops will be in\u00a0New Jersey<\/st1:state>,\u00a0Massachusetts<\/st1:state>\u00a0and\u00a0Maryland<\/st1:state>, with one in\u00a0Chicago<\/st1:place><\/st1:city>, CEO Lindsay Gaskins said. Marbles is looking to expand to the West Coast and the South in 2012.<\/o:p><\/span><\/div>\n

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Target<\/span><\/b>\u00a0has unveiled the first wave of the Zellers sites it will be taking over in\u00a0Canada<\/st1:place><\/st1:country-region>, representing 105 locations in all 10 Canadian provinces. \u00a0The vast majority of the sites will become Target stores after securing the necessary construction approval for extensive renovation. The stores will open beginning in 2013.<\/o:p><\/span><\/div>\n
The majority (45) of the locations are in\u00a0Ontario<\/st1:state>, with 19 in\u00a0Quebec<\/st1:place><\/st1:state>. The other Canadian locations include 15 in\u00a0British Columbia<\/st1:state>, 13 in\u00a0Alberta<\/st1:state>, five\u00a0Manitoba<\/st1:state>, two each in\u00a0Saskatchewan<\/st1:state>,\u00a0Nova Scotia<\/st1:state>\u00a0and\u00a0Newfoundland<\/st1:state>\u00a0and Labrador, and one each in\u00a0New Brunswick<\/st1:state>\u00a0and\u00a0Prince Edward Island<\/st1:place><\/st1:state>.<\/o:p><\/span><\/div>\n
Each selected site is subleased to Zellers and will continue to operate as a Zellers store for some time. \u00a0Six to nine months prior to opening as Target stores, the majority of stores will be closed for significant remodeling. On average, about $10 million will be invested in remodeling each location.<\/o:p><\/span><\/div>\n
Target also announced that its Canadian headquarters will be located in\u00a0Mississauga<\/st1:city>,\u00a0Ontario<\/st1:state><\/st1:place>. The company will occupy about 180,000 sq. ft. in a building that was built to LEED (Leadership in Energy & Environmental Design) Gold standards and is owned by Healthcare of Ontario Pension Plan. After some remodeling, the majority of Target’s Canadian corporate team will begin occupying the space in early 2012.<\/o:p><\/span><\/div>\n
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Department Stores and Apparel<\/o:p><\/span><\/u><\/b><\/div>\n
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Real Estate:<\/o:p><\/span><\/b><\/div>\n
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Abercrombie & Fitch<\/span><\/b>\u00a0has renewed its lease, committing to its shop in\u00a0London<\/st1:place><\/st1:city>\u00a0for another 10 years and also plans to launch its first childrenswear store in the capital.<\/o:p><\/span><\/div>\n
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Burberry Group<\/span><\/b>\u00a0announced plans to tear down and replace its\u00a0Michigan Avenue<\/st1:address><\/st1:street>\u00a0flagship store in\u00a0Chicago<\/st1:place><\/st1:city>\u00a0in favor of a bigger, more dramatic store. During the renovations, the store will move across the street into the Shops at\u00a0North<\/st1:placename>\u00a0Bridge<\/st1:placetype><\/st1:place>. The new store is scheduled to be completed in fall 2012. The company also has revealed that it plans to upgrade its stores in Hong Kong and\u00a0London<\/st1:place><\/st1:city>.<\/o:p><\/span><\/div>\n
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Cabela\u2019s Inc.<\/span><\/b>\u00a0announced the opening of its most recent store located on the Tulalip Tribes Indian reservation in\u00a0Tulalip<\/st1:city>,\u00a0WA<\/st1:state><\/st1:place>. The 110,000 sq. ft. store is expected to open in 2012.<\/o:p><\/span><\/div>\n
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Fendi\u00a0<\/span><\/b>plans to increase its number of stores in\u00a0China<\/st1:place><\/st1:country-region>\u00a0from 16 to 20 by the end of 2012. The new stores will include one in\u00a0Beijing<\/st1:city>; one in\u00a0Tianjin<\/st1:city>; one in\u00a0Shenyang<\/st1:city>; and a second store in\u00a0Guangzhou<\/st1:place><\/st1:city>. The stores likely will be no more than 6,500 sq.<\/p>\n

ft. in size.<\/o:p><\/span><\/div>\n

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Kohl’s Department Stores<\/span><\/b>\u00a0announced Tuesday that it will create 700 to 800 jobs at its customer service operations center in\u00a0San Antonio<\/st1:city>,\u00a0TX<\/st1:state><\/st1:place>\u00a0on top of the more than 1,000 positions it previously announced it would fill by\u00a02013. The three-story, 90,000 sq. ft. building is slated to open next spring.<\/o:p><\/span><\/div>\n
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Prada SpA<\/span><\/b>\u00a0recently announced its plans to open 70 more stores in Asia by 2014, 30 of which will be located in\u00a0China<\/st1:place><\/st1:country-region>. Prada hopes to expand into the Middle East,\u00a0Russia<\/st1:country-region>\u00a0and\u00a0Brazil<\/st1:place><\/st1:country-region>.<\/o:p><\/span><\/div>\n

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Foodservice<\/span><\/u><\/b>\u00a0Industry<\/o:p><\/span><\/u><\/b><\/div>\n
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Real Estate:<\/o:p><\/span><\/b><\/div>\n
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Dunkin’ Donuts<\/span><\/b>\u00a0announced the signing of a multi-unit store development agreement with Travel Mart, Inc. for 6 new restaurants in\u00a0Wausau<\/st1:city>,\u00a0WI<\/st1:state><\/st1:place>.\u00a0\u00a0The first restaurant will open in 2012 and the remaining 5 units will be developed by 2016. Dunkin\u2019 Donuts also plans to open 36 Dunkin\u2019 Donuts in southeast WI over the next 5 years.<\/o:p><\/span><\/div>\n
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Habit Burger Grill<\/span><\/b>\u00a0plans to open 3 restaurants in metro\u00a0Phoenix<\/st1:city>,\u00a0AZ<\/st1:state><\/st1:place>, this year with long-term development plans for as many as 15 locations. The\u00a0Arizona<\/st1:place><\/st1:state>\u00a0restaurants represent Habit\u2019s first outlets outside CA.<\/o:p><\/span><\/div>\n
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Mountain Mudd Espresso<\/span><\/b>\u00a0announced a development agreement that calls for 24 locations in Morris County, NJ, by 2016. Mountain Mudd is also expanding into CT through a long-term contract with PJP Coffee Enterprises Inc. The first phase of development includes opening 2 Mountain Mudd kiosks in\u00a0Hartford<\/st1:place><\/st1:city>\u00a0and Litchfield counties in 2011, with plans to develop 38 additional franchise locations in the state by early 2016.<\/o:p><\/b><\/span><\/div>\n
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Naked Pizza<\/span><\/b>\u00a0is on pace to have 50-75 open stores by the end of 2011 with locations coming to New York City, Washington, DC, Boulder and Denver, CO, and Princeton, NJ. Naked Pizza also recently awarded franchising rights in\u00a0Philadelphia<\/st1:city>\u00a0and\u00a0Chicago<\/st1:place><\/st1:city>.<\/o:p><\/span><\/div>\n
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Newk’s Express Cafe<\/span><\/b>\u00a0has started 2011 with a bang, awarding 24 new franchise locations in the first quarter. Four separate groups have committed to opening restaurants in\u00a0Jacksonville<\/st1:city>\u00a0and\u00a0St. Augustine<\/st1:city>, FL.,\u00a0Baton Rouge<\/st1:city>\u00a0and\u00a0Lafayette<\/st1:city>,\u00a0LA.<\/st1:state>, MI, VA, and\u00a0Atlanta<\/st1:city>,\u00a0GA.<\/st1:state><\/st1:place><\/o:p><\/span><\/div>\n
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Schlotzsky’s Deli<\/span><\/b>\u00a0plans to open about 15 restaurants throughout the\u00a0Orlando<\/st1:city>,\u00a0FL<\/st1:state><\/st1:place>, area in the<\/o:p><\/span><\/div>\n
next 3-5 years.<\/o:p><\/span><\/div>\n
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Smashburger<\/span><\/b>\u00a0has signed 5 agreements with franchise partners to open 63 new locations in seven states (AL, CT, FL, LA, NY, NC, OH); the new agreements bring the number of planned locations for the restaurant to 463. It plans to open 75 more nationwide by the end of the year.<\/o:p><\/span><\/div>\n
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Steak Escape<\/span><\/b>\u00a0is beginning an aggressive expansion and remodeling plan designed to move the company away from shopping malls; it plans to open 33 restaurants in central OH during the next 5 years as it expands into freestanding and strip-center locations.<\/o:p><\/span><\/div>\n
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Tijuana Flats<\/span><\/b>\u00a0plans to open locations in New Tampa and Bradenton, FL, by the end of 2011; the chain plans to open another 4-5 locations in the Tampa Bay area within 18 months.<\/o:p><\/span><\/div>\n
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Tossed<\/span><\/b>\u00a0announced that it has signed a franchise agreement authorizing the development of 5 new Tossed locations throughout\u00a0Boston<\/st1:city>,\u00a0MA<\/st1:state><\/st1:place>.\u00a0<\/o:p><\/span><\/div>\n
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UFood Restaurant Group, Inc.<\/span><\/b>\u00a0announced the company has contracted with franchisee Manuel Rivera to develop and operate 8 UFood Grills in\u00a0Puerto Rico<\/st1:place>. The first of the units is projected to open in fall 2011.<\/o:p><\/span><\/div>\n
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Wingstop<\/span><\/b>\u00a0has announced a development agreement to open 15 restaurants in Seattle-Tacoma.<\/o:p><\/span><\/div>\n
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Discount and Specialty Real Estate: Best Buy\u00a0announced plans to cut its big-box store square footage by 10 percent during the next three to five years and focus on boosting its online presence. Disney Store\u00a0plans to open its interactive concept stores in more than 40 locations in 2011 the company announced today at the Global Retail… Continue reading Real Estate News<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[6,11],"class_list":["post-359","post","type-post","status-publish","format-standard","hentry","category-commercial-real-estate","tag-csg-old","tag-eupdate","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=359"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/359\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}