National View
Penney Still Focusing on Off-Mall Growth
Pointing to the need for traditional department stores to reexamine their traditional approach and think outside of the “mall” box, J.C. Penney continues to open new locations in its off-mall format.
http://www.globest.com/news/1224_1224/dallas/173114-1.html?sector=retail
Toys ‘R’ Us Pinning Hopes on New Superstores
Pulling the strengths of both the Babies ‘R’ Us and Toys ‘R’ Us concepts together, leadership at Toys ‘R’ Us hopes to revive the company to become the one-stop shopping destination for children’s needs. The new superstore concept is approximately 70,000 SF. At 7 locations currently around the country, 19 more are in the pipeline for the year.
http://www.ajc.com/business/content/business/stories/2008/08/14/toys_r_us_superstore.html
Bay Harbour, York buy Steve & Barry's for $168 mln
More than 100 stores may close as a result of the purchase of apparel retailer Steve & Barry’s by investment firms Bay Harbour Management and York Capital Management.
http://www.reuters.com/article/bondsNews/idUSN2152404820080821
Regional View
Maia
“Fine dining, big box style” describes the size of Maia, a restaurant and gourmet market on Philadelphia’s Main Line in Villanova, Delaware County, PA – but not its contents. As Philadelphia Inquirer food critic Craig Laban explains, it’s a concept unlike any other.
http://www.philly.com/inquirer/columnists/craig_laban/20080810_Maia.html
Historic Plaza Planned, But Not Designed Yet
The site of a historic landmark in Hillsborough, Somerset County New Jersey has been approved to become a retail site. Plans are being laid out for a drug store and a 6,000 square foot retail building.
Burlington Coat Leases 80,000 SF
A move to increase its store size from 40,000 square feet to 80,000 square feet brings Burlington Coat Factory to Seaview Square Shopping Center in Ocean Township, Monmouth County, New Jersey.
http://www.globest.com/news/1226_1226/newjersey/173153-1.html?sector=retail
Fameco View
Fameco Named Exclusive Leasing Agent for Plymouth Square
Fameco is pleased to announce it has been awarded the leasing assignment for Plymouth Square, a 200,000 square foot community center, located at Ridge & Butler Pike in the heart of Conshohocken, PA. Situated at a signalized intersection with various points of ingress and egress, “Plymouth Square’s desirable location with high daily traffic counts is complemented by strong residential and daytime population,” says leasing agent William “Bill” R. Sullivan, Jr. Availabilities range from 1,423 – 28,000 square feet. A full-service provider for the retail real estate industry, Fameco also serves as the property manager for the center. For more information contact Bill at (610) 834-8000 or via e-mail at bsullivan@famecoretail.com .
Fameco Real Estate, LP
Philadelphia, PA 633 W Germantown Pike, Suite 200 Plymouth Meeting, PA 19462 Phone: 610-834-8000 Fax: 610-834-1793 |
Woodbridge, NJ 555 US Highway 1 South, Suite 400 Islen, NJ 08830 Phone: 732-526-9100 Fax: 732-526-9101 |
The Power of Retail
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