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Kimco Realty and Weingarten Realty Plan to Merge

by Katie Lee

Jericho, N.Y., and Houston — Kimco Realty Corp., one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, and Weingarten Realty Investors, a grocery-anchored Sun Belt shopping center owner, manager and developer, have entered into a definitive merger agreement under which Weingarten will merge with and into Kimco, with Kimco continuing as the surviving public company. The transaction will create the preeminent open-air shopping center and mixed-use real estate owner in the country. The combined company is expected to have a pro …

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David’s Bridal Appoints New VP of Global Creative & Brand Marketing

by Katie Lee

Conshohocken, Pa. — David’s Bridal has appointed Bryan Dow as vice president of global creative and brand marketing. He joined the company on April 5, 2021. Dow comes to David’s with over 20 years of strategic creative and brand marketing experience holding multiple leadership roles at national brands including OshKosh B’gosh, DSW Designer Shoe Warehouse and Lands’ End. In his new role at David’s Bridal, Dow will lead the brand and creative teams with a strategic focus on accelerating the company’s brand presence and creative marketing strategies. He will report …

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LION Eye Group to Develop New Retail Stores

by Katie Lee

New York City — LION Eye Group intends to move forward with ‘LION Express,’ a state-of-the art, eyewear focused, retail optometry store. The group is currently scouting New York locations in Garden City, Huntington, Merrick-Bellmore, Smithtown and a few locations along the North Shore of Long Island. The plan is to roll out two locations in the next few months and five to 10 locations by the end of this year. Launched in January 2020, LION has grown to 24 optometry practices in Long Island, N.Y., and surrounding boroughs of …

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Circle K to Sell 306 Convenience Stores Across the U.S., Canada

by Katie Lee

Tempe, Ariz. — Circle K Stores Inc. plans to sell 269 of its convenience stores across 29 states in the U.S. and 37 stores in Canada. The stores feature an average building size of 2,600 square feet and an average lot size of 29,500 square feet. Of the 306 locations, 122 are fee-owned and 184 are leased, while 238 properties sell fuel and 68 are convenience only. NRC Realty & Capital Advisors has been tapped to market the properties, which are being offered in packages grouped primarily by geography.   …

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New 7-Eleven “Evolution Store” Opens in Prosper, Texas

by Katie Lee

Irving, Texas — 7-Eleven, Inc. has opened its newest Evolution Store — which features tacos on handmade tortillas, frozen margaritas on tap, a stocked wine cellar and beer cooler, fresh-baked croissants and cookies, customized espresso drinks, artisan craft sodas, premium cigars in a cedar-lined humidor and more — in Prosper, Texas. This location marks the first Evolution Store for 7-Eleven and Laredo Taco Company®, the convenience retailer’s taqueria, in the North Texas area outside of Dallas County. This is 7-Eleven’s fourth Evolution Store in the Dallas-Fort Worth area and seventh …

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DICK’S Sporting Goods Opens New Concept Store ‘DICK’S House of Sport’

by Katie Lee

Pittsburgh, Pa. — DICK’S Sporting Goods opened its first-ever DICK’S House of Sport, a new concept store, in Victor, N.Y., on April 9. This month, the retailer will also debut nine newly redesigned Golf Galaxy locations and expanded technology offerings in 62 additional Golf Galaxy locations in select cities across the country. DICK’S House of Sport explores the future of retail through multi-sport experiences inside and outside the store, broad integration with the community, elevated customer service and enhanced technology. The store features a 17,000-square-foot outdoor turf field and running …

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Marcus & Millichap Brokers $3 Million Sale of Advance Auto Parts in Metro New York City

by Julia Sanders

North Plainfield, N.J. — Marcus & Millichap has brokered the $3 million sale of a 13,222-square-foot retail asset net leased to Advance Auto Parts in North Plainfield, about 30 miles southwest of New York City. Alan Cafiero, Brent Hyldahl and Ben Sgambati of Marcus & Millichap represented the seller, an individual/personal trust, in the transaction. The trio also secured a limited liability company as the buyer. Both parties requested anonymity.

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J.Crew Group Bolsters Senior Management Team

by Katie Lee

New York City — J.Crew Group has taken important steps to build out its leadership team in order to advance its long term strategic growth plan. The company has appointed four highly experienced retail industry leaders — Jose Davila, chief people officer; Danielle Schmelkin, chief information officer; Derek Yarbrough, chief marketing officer; and Liz Hershfield, senior vice president, sustainability — to its senior management team. “I believe strong and relevant brands are customer-centric, community-minded, purpose-driven and powered through innovation, technology and a deeply collaborative culture,” says Libby Wadle, chief executive …

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Trademark Property Company Opens First Standalone Store in the U.S. for johnnie-O

by Katie Lee

Fort Worth, Texas — Trademark Property Company, mixed-use investor, developer and operator, welcomes the first standalone store of digitally native lifestyle men’s brand, johnnie-O, to its WestBend development in Fort Worth, Texas. “Even with the vast changes and pressure currently occurring in the retail industry, it is a good sign in leasing that we were able to attract the first standalone store of such a well-known brand to our WestBend property,” says Terry Montesi, CEO of Trademark. “The area’s demographics, including proximity to TCU [Texas Christian University], and the retail …

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Jamestown, Private Developers Partner to Redevelop North Charleston Navy Yard

by Katie Lee

North Charleston, S.C. — Jamestown, an Atlanta-based developer and owner of adaptive mixed-use developments around the world, has partnered with Southeast real estate developers William Cogswell and Jay Weaver to redevelop the 45-acre North Charleston Navy Yard. Decommissioned in 1996 but still home to dozens of companies, the waterfront campus will be reimagined into a 1.2 million-square-foot mixed-use neighborhood called Navy Yard Charleston. The project will add new office space, residences, shopping and dining to the nearby Park Circle neighborhood, as well as new green spaces, a concert hall and …

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