{"id":74,"date":"2012-09-19T22:15:00","date_gmt":"2012-09-20T02:15:00","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/2012\/09\/industry-news-commercial-real-estate\/"},"modified":"2012-09-19T22:15:00","modified_gmt":"2012-09-20T02:15:00","slug":"industry-news-commercial-real-estate","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2012\/09\/industry-news-commercial-real-estate\/","title":{"rendered":"Industry News: Commercial Real Estate"},"content":{"rendered":"<div dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"><\/p>\n<div><b style=\"font-family: Arial, Helvetica, sans-serif;\"><span style=\"font-size: 11pt;\">Heinen&#8217;s Fine Foods<\/span><\/b><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 11pt;\">\u00a0will open its 18th store in a Chicago suburb<strong>\u00a0<\/strong><strong><span style=\"font-weight: normal;\">where the company has spent $10 million building its first location outside Ohio<\/span><\/strong><\/span><b style=\"font-family: Arial, Helvetica, sans-serif;\"><span style=\"font-size: 11pt;\">.\u00a0<\/span><\/b><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 11pt;\">The 38,000-sq. ft. store will feature nearly everything the company&#8217;s Ohio stores do, but it will not offer parcel pick-up service.<\/span><\/div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"width: 287px;\">\n<tbody>\n<tr>\n<td style=\"padding: 0in;\" valign=\"top\">\n<div><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Thorntons Inc.,<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0an independent gasoline\/convenience-store retailer, will open its first Florida location in Clearwater on the site of the former\u00a0<b>Krispy Kreme<\/b>\u00a0doughnut shop in late November 2012.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Whole Foods Market<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0said it will triple its store count to 1,000, adding locations in smaller markets and underserved communities. The chain, which will open its first Detroit store in 2013, is in talks to bring stores to parts of Chicago and Newark, N.J., which have little access to fresh food.<\/span><\/span><br \/><span style=\"font-family: Arial, Helvetica, sans-serif;\"><span style=\"font-size: 11pt;\"><br \/><\/span><\/span><\/p>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">16 Handles<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0is opened four new locations in the New York metro area.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Bennigan\u2019s Franchising Company<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0and shopping center owner Brixmor Property Group formed a strategic partnership to market Bennigan\u2019s franchising opportunities at select Brixmor centers; the two companies are now evaluating up to 30 potential locations for Bennigan\u2019s restaurants for the initial phase of the partnership.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Buffalo Wild Wings<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0announced an agreement for four locations in Puerto Rico by the end of 2016.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Del Taco<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0announced a development agreement for 20 locations in new markets in AL and north FL; the first store is planned for early 2013.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Dunkin&#8217; Donuts<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0announced that the company is recruiting franchisees for the markets of Reno, NV; Wichita and Topeka, KS; as well as portions of TX, including territories in the western, southern and eastern portions of the state that include cities such as Amarillo and Corpus Christi. The company expects that restaurants in these markets will begin to open in 2014. Dunkin\u2019 Donuts also signed a multi-unit store development agreement for 24 new restaurants in AL over the next several years and four more agreements for 29 restaurants in Houston and Waco between 2013 and 2019.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">F2o Holding<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0(dba\u00a0<b>Fresh To Order<\/b>) plans to open at least 25 new restaurants in the Carolinas over the next four years and is actively seeking franchisees statewide.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Front Burner Brands<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0(dba\u00a0<b>Burger21)<\/b>\u00a0is targeting the Atlanta area for expansion.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Garbanzo Mediterranean Grill<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0awarded franchise development rights for 10 locations in OK.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Habit Restaurants LLC<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0announced plans to open four additional restaurants in Orange County CA by the end of the year.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Jamba Juice Inc.<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0signed a five-store development agreement for CT.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Mama Fu&#8217;s Asian House<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0plans to open 20 locations across AL in the next few years, including six in Birmingham.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Moe\u2019s Southwest Grill<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0will open 25 new locations throughout the Midwest.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">On The Border Mexican Grill &#038; Cantina<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0is remodeling its locations, using a quieter color palate, a large screened-in patio, and a more open kitchen.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Pancheros Mexican Grill<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0announced five development agreements, adding 39 locations, which include its first commitments on the West Coast. The new commitments will open restaurants in three new states including CA, NV, OR, and additional units in MN.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Papa John\u2019s<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0is hoping to entice new franchisees by offering an incentive package that includes no franchise fee, $50K in equipment, royalty waiver for up to 18 months, and $3K food credit with PJ Food Service.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Pizza Patr\u00f3n<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0has executed a development agreement with SA Pizza, Inc. to bring eight more stores to the San Antonio area within the next 31 months. Pizza Patron also opened up the San Diego DMA for development and plans to add 15 more locations in the market. Pizza Patron is also expanding in the Chicago metro area, with 30+ locations being projected for the DMA.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">Pizza Ranch<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0has opened its first restaurant in Billings MT that also marks the first location in the state.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"\n\nfont-size: 11pt;\">Quaker Steak &#038; Lube<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0signed a three-unit development agreement for cities in ND and SD.<o:p><\/o:p><\/span><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><span style=\"font-size: 11pt;\">TCBY<\/span><\/b><span style=\"font-size: 11pt;\">\u00a0is looking to add 20 stores in the Dallas\/Ft. Worth TX market and 25 stores in Chicago in the next three to five years.<\/span><\/span><br \/><span style=\"font-family: Arial, Helvetica, sans-serif;\"><span style=\"font-size: 11pt;\"><br \/><\/span><\/span><\/p>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">American Eagle Outfitters, Inc.\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">announced it plans to expand in the Philippines.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">American Rag\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">is looking to open a New York flagship. Aiming to open the store by spring 2013, the retailer is considering spaces ranging from 3,000 sq. ft. to 17,000 sq. ft.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">The Bon-Ton Stores Inc.\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">said that it plans to close its Carson&#8217;s store in the River Oaks Mall in Calumet City, Ill., when the lease expires in January.<b>\u00a0<o:p><\/o:p><\/b><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">Cabela\u2019s Inc.\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">announced plans for new stores, including its first-ever locations in Virginia and Delaware. Construction is expected to begin on the new locations in 2013, with the stores expected to open in 2014. Cabela\u2019s said it will build an 85,000 sq. ft. store in The Falls, in Bristol, VA and a 100,000 sq. ft. store adjacent to Christiana Mall in Christiana, DE.\u00a0Cabela&#8217;s Inc. plans to build a 50,000 sq. ft. store in Regina, Saskatchewan, Canada in the new Grasslands Shopping Centre. The new store is expected to in fall 2013 or spring 2014.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">Chico\u2019s<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">\u00a0will open a 2,369 sq. ft. Soma Intimates store this fall at Will Grove Park, located in Willow Grove, PA.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">Dick&#8217;s Sporting Goods\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">opened stores in Bluffton, SC, Clovis, CA, and Oxnard, CA.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">Dots LLC\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">announced that it plans to grow into a 1,000-store national fashion retailer.<b><o:p><\/o:p><\/b><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">DSW Inc.\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">has opened stores in Mesquite, TX, and West Covina, CA.\u00a0<b>DSW Inc.\u00a0<\/b>announced the opening of a new store at Coldwater and Coliseum in Fort Wayne, IN. The company plans to open 27 new stores in the second half of the year.<b><o:p><\/o:p><\/b><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">The Gymboree Corp.\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">will open a 2,505 sq. ft. Crazy 8 store this fall at Moorestown Mall in Moorestown, NJ.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">Hibbett Sports\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">is on track to open 55 to 60 new stores by the end of fiscal 2013. The company also plans to expand approximately 15 high-performing stores and close up to 18 underperforming stores by the end of the fiscal year.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">Joe&#8217;s Jeans Inc.\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">has opened a 2,700 sq. ft. West Coast flagship store on Melrose Place in Los Angeles.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">Nordstrom Inc.<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">\u00a0will open its outlet format Nordstrom Rack at The Newbury in Boston\u2019s Back Bay area. The bi-level, 38,000 sq. ft. store is scheduled to open in spring 2013. It will replace the former Filene\u2019s Basement space.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">Nordstrom Inc.<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">\u00a0plans to open full-line stores in The Woodlands, TX, and Jacksonville, FL in fall 2014.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">PVH Corp.\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">will open its first freestanding Calvin Klein<b>\u00a0<\/b>location in Alberta, Canada. The 10,000 sq. ft. store will be located at the Cross Iron Mills Shopping Centre. It will be the fifth Calvin Klein lifestyle location to open in Canada, with a total of approximately 40 stores planned for the next five years.<b><o:p><\/o:p><\/b><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">Saks Inc.\u00a0<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">will open its ninth Texas location of Saks Fifth Avenue OFF 5TH. The new 27,548 sq. ft. store will be located in Grand Prairie at the new Paragon Outlets. The company also announced it will close its Highland Park, IL store located in Renaissance Place, and its Austin, TX store located in the Arboretum Market. Both stores are slated to close on Dec. 31.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><b><span style=\"font-family: Arial; font-size: 11pt;\">Spanx<\/span><\/b><span style=\"font-family: Arial; font-size: 11pt;\">\u00a0is gearing up to expand into standalone branded stores, starting with the U.S., in the fourth quarter. Three stores are scheduled to open in October located in Virginia, New Jersey, and Pennsylvania. There is also a Spanx store slated for the international terminal at Atlanta&#8217;s Hartsfield-Jackson airport.<\/span><\/div>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;\"><span style=\"font-size: 11pt;\"><br \/><\/span><\/span><span style=\"font-family: Arial, Helvetica, sans-serif;\"><span style=\"font-size: 11pt;\"><br \/><\/span><\/span><span style=\"font-family: Arial, Helvetica, sans-serif;\"><span style=\"font-size: 11pt;\"><br \/><\/span><\/span><span style=\"font-family: Arial, Helvetica, sans-serif;\"><span style=\"font-size: 11pt;\"><br \/><\/span><\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Heinen&#8217;s Fine Foods\u00a0will open its 18th store in a Chicago suburb\u00a0where the company has spent $10 million building its first location outside Ohio.\u00a0The 38,000-sq. ft. store will feature nearly everything the company&#8217;s Ohio stores do, but it will not offer parcel pick-up service. Thorntons Inc.,\u00a0an independent gasoline\/convenience-store retailer, will open its first Florida location in&hellip; <a class=\"more-link\" href=\"https:\/\/www.chainstoreguide.com\/offthechain\/2012\/09\/industry-news-commercial-real-estate\/\">Continue reading <span class=\"screen-reader-text\">Industry News: Commercial Real Estate<\/span><\/a><\/p>\n","protected":false},"author":6,"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-74","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\/74","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\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=74"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/74\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=74"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=74"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=74"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}