St. Louis — Knoebel Construction, Inc., a full-service general contractor specializing in retail development, restaurant, grocery and retail construction nationwide, has moved its headquarters from Fenton, Mo., to Chesterfield, Mo., in St. Louis County. The new location more than doubles Knoebel Construction’s space to 9,688 square feet.
retailers
Boca Raton, Fla. — Office Depot, Inc., a leading global provider of office supplies and services, has completed the sale of its European business to The AURELIUS Group. This transaction is part of the company’s recently announced international divestiture strategy to focus on opportunities in its North American business.
Deerfield, Ill., and Camp Hill, Pa. — Walgreens Boots Alliance, Inc. and Rite Aid Corporation have agreed to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s, Inc. for $950 million. The all-cash transaction is subject to Federal Trade Commission (FTC) approval, the approval and completion of the pending acquisition of Rite Aid by Walgreens Boots Alliance, and other customary closing conditions.
Seattle — On December 24, 2016, REI’s newest distribution center, located in Goodyear, Ariz., achieved LEED (Leadership in Energy and Environmental Design) Platinum certification — the highest level in the U.S. Green Building Council’s (USGBC) green building rating system — making it the first distribution center in the U.S. to achieve both LEED Platinum certification and Net Zero Energy.
Moorestown, N.J. and Montpellier, France — Destination Maternity and Orchestra Prémaman S.A. plan to merge, creating a leading global provider of maternity apparel, children’s wear and baby hard goods. The transaction, which was unanimously approved by both boards of directors, creates an estimated $1.1 billion company with 1,800 retail locations.
Philadelphia — CDI Studio One, the architecture division of L.R. Kimball – a CDI Company, has completed the new office complex/operation center for Sheetz, Inc., the $7.2 billion, family-owned and operated convenience store giant. Located on the Sheetz corporate campus midway between Harrisburg and Pittsburgh, the project includes a 115,000-square-foot modern headquarters and operation Center and an adjacent 13,000-square-foot daycare center.
New York City — Just in time for the holiday season, one of the nation’s largest outlet and retail shopping centers welcomes New York-based Century 21 Department Store to Sawgrass Mills, a Simon Center, in Sunrise, Fla. The new store, which will open on December 16, 2016, marks the 55-year-old retailer’s 12th location — and its first in Florida.
New York City — L’OCCITANE redefines the shopping experience with the opening of its new flagship store in the Flatiron District of Manhattan. The revolutionary store presents a new shopping model designed for today’s consumers, addressing their varying needs for information and immediacy, all the while channeling the rich heritage, natural beauty and art de vivre of Provence.
Los Angeles — CBRE Group, Inc. has acquired Skye Group (Skye), a leading provider of retail project management, shopping center development and tenant coordination services in the U.S. and Canada. This acquisition enhances CBRE’s position in the retail market by bolstering its retail project management service offerings.