Atlanta — On September 25, 2020, women’s apparel and fashion accessories retailer Charming Charlie reopened its first physical store at Cumberland Mall in Atlanta. This comes after the Houston-based retailer filed for Chapter 11 bankruptcy in summer 2019 — the second time it had filed for bankruptcy in less than 2 years. At the time, the company closed all 261 of its stores across 38 states. Under the leadership of President Steve Lovell, Charming Charlie plans to roll out additional retail locations in markets across the U.S. over late 2020 …
retailers
Orange County, Calif. — Rodeo 39 Public Market will be Southern California’s newest culinary and community experience when it opens in mid-October. Not your typical food hall, Rodeo 39 features expansive hangar doors that open up for an inside/outside setting, original artwork and murals from five different Southern California artists and several first-to-market retail and restaurant concepts. “We wanted to do something different and we were committed to breathing new life into this stretch of Orange County, right here in Stanton,” says Dan Almquist, managing partner of Frontier Real Estate …
Union, N.J. — Bed Bath & Beyond Inc. has appointed Scott Lindblom as its new chief technology officer. Effective September 28, 2020, Lindblom will report directly to COO John Hartmann and will lead the company’s enterprise technology transformation. He joins the company from Michael’s. “Scott’s track record implementing leading IT solutions and digital fulfillment capabilities for a number of leading retailers will help us accelerate the modernization of our technology infrastructure and capabilities, to rebuild our authority in our core markets and deepen connections and loyalty with our customers,” Hartmann says. Prior to …
Durham, N.C. — Luxury fashion specialty retailer HUGO BOSS is creating new in-store experiences for its shoppers with Toshiba Global Commerce Solutions. Using Toshiba’s TCx™ 800 to revitalize its front end and TCx™ 300 to optimize its mobile capabilities, HUGO BOSS is creating personalized shopping experiences and offers an innovative, shopper-focused technology. Inspired by an art gallery, HUGO BOSS’ new 5,000-square-foot store in the SoHo district of New York boasts an inviting and modern atmosphere. With its sleek, versatile design, the TCx 800 complements the store’s contemporary, minimalist aesthetic. Toshiba’s …
Miami — FRONTIER Companies has completed construction on the Wawa convenience store and gas station located at 10691 Davidson Pl. in Manassas, Va. (pictured above) The site was the former home of Don Pablo’s Mexican Kitchen restaurant, which closed in 2018. FRONTIER Companies purchased the 1.65-acre lot in November 2018. The property is an outparcel to a Lowe’s Home Improvement store. FRONTIER Building, the company’s building division, began the demolition of the former restaurant in September 2019. The gas and convenience store consists of 7,860 square feet of air-conditioned space, …
Bellevue, Wash. — The specialty outdoor retailer REI Co-op has completed the disposition of its newly completed corporate campus in Bellevue’s Spring District. Facebook acquired the property for $390 million. Site developer Wright Runstad & Co. and Shorenstein Properties also purchased an undeveloped 2-acre portion of the property. Facebook’s acquisition includes the 400,000-square-foot campus and approximately 6 acres of land. In August, REI announced its intention to sell its Bellevue campus and shift to a more distributed work model. The co-op’s future “headquarters” will span multiple satellite locations across the …
Columbus, Ohio — As part of its sustainability efforts, Washington Prime Group Inc. has completed the solar panel system at Weberstown Mall in Stockton, Calif. The system is comprised of 3,456 photovoltaic (PV) modules, spanning more than 76,645 square feet, offsetting approximately 37,400 tons of CO2 equivalent over 25 years. Under the terms of the agreement, Safari Energy developed, financed and built the project, with Washington Prime Group to purchase all the electricity generated by the system from Safari. The rooftop solar system at Weberstown Mall allows the company to …
Cheshire, Conn. — Park Assist® has been awarded the Parking Guidance System (PGS) contract at Whole Foods Market’s headquarters and flagship store in Austin, Texas. The multinational supermarket chain, founded in 1980, quickly rose in popularity thanks to its focus on quality, sustainability, and natural and organic foods. The parking installation is set to go live by the end of 2020. Whole Foods’ headquarters and flagship store see an extremely high traffic volume, causing parking shortages within the underground garage. Employee parking is often overfilled, and team members are left …
Union, N.J. — Bed Bath & Beyond Inc. has appointed Juan Guerrero as senior vice president (SVP), chief supply chain officer, effective immediately. He will report directly to John Hartmann, COO and president of buybuy BABY, and be responsible for leading the transformation and optimization of the company’s global supply chain network. Guerrero will lead Bed Bath & Beyond’s work to reconstruct and modernize supply chain operations as it further improves the omni-always shopping experience for customers. This will include supporting strategic sourcing and the introduction of an array of …
Brookfield Property Group, Simon Property Group Agree to Acquire JCPenney for $1.75 Billion
by Katie Lee
Plano, Texas — Brookfield Property Group and Simon Property Group have agreed to acquire the retail and operating assets of J.C. Penney Co. for $1.75 billion at a bankruptcy auction. As part of the sale agreement, the three companies will form a property holding company (PropCos), which will include 161 of the J.C. Penney real estate assets and all of its owned distribution centers. The Plano, Texas-based retailer’s Ad Hoc Group of First Lien Lenders will own PropCos. J.C. Penney filed for Chapter 11 bankruptcy in mid-May and restructured 90% …