Seattle — Starbucks Corporation has entered into a definitive agreement to acquire the remaining 50% share of its East China (East China JV) business from joint venture partners, Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation (PCSC) for approximately $1.3 billion in cash consideration in the largest single acquisition in the company’s history.
retailers
San Francisco — Sprint continues to expand its presence and investment in Northern California with plans to add more than 300 new jobs and 43 new retail locations throughout the area by the end of 2017. The new jobs will include a combination of retail, operations and technical experts. Currently, Sprint operates more than 170 branded retail locations throughout the Northern California region.
New York City — Barnes & Noble, Inc., the world’s largest bookseller, has named James Lampassi as vice president, real estate development. Lampassi, whose appointment is effective July 31, 2017, will report directly to CEO Demos Parneros. Previously, he was vice president of real estate and construction at Petco.
Wausau, Wis. — Concluding its multi-year, multi-building renovation, The Royal Hawaiian Center in Waikiki, Hawaii, revitalizes and reestablishes itself as a premier shopping and entertainment destination. The 310,000-square-foot center is one of Hawaii’s largest shopping malls. The 6-acre retail campus connects to the Sheraton Waikiki and Royal Hawaiian Hotel, just minutes from Waikiki Beach.
New York City — RKF, a leading independent real estate firm specializing in retail leasing, investment sales and consulting services, has arranged a 2,600-square-foot lease with Lush Cosmetics at Hotel Belleclaire, situated at 2175 Broadway on the Upper West Side of Manhattan.