New York City — As expected, Sycamore Partners has acquired The Limited’s brand and other related intellectual property assets for more than $26 million. The Limited had filed for bankruptcy in January and had begun closing all 250 stores. Sycamore plans to reintroduce the brand to the marketplace at a later date.
retailers
New York City — Saks Fifth Avenue has completed its newest store and third New York City location, Saks Downtown Men’s. The 16,000-square-foot store is located at the northern end of the burgeoning Brookfield Place in lower Manhattan. A dedicated Saks women’s store opened on the south side of Brookfield Place in September 2016.
Schaumburg, Ill. — In 2017, Builtech Services is working with three development teams as general contractor for 370,000 square feet of retail space in Illinois. The Plaza at Evergreen Park, Retail at the Fields (pictured) and Hoffman Plaza will revitalize three corners throughout Illinois.
Pittsburgh — DICK’S Sporting Goods, the largest U.S.-based, full-line omnichannel sporting goods retailer, will be opening five new stores during the second week in March, totaling approximately 180,000 square feet of retail. Openings for new stores in Davenport, Iowa; Queens, N.Y.; and Hinesville, Ga., will occur March 10 through March 12.