Tuesday, November 27, 2012

Industry News: New England

Tilly’s, the west coast teen apparel specialty retailer, will open its first MA stores at the South Shore Plaza and Northshore Mall. Tilly’s has 159 stores in over 20 states…Whole Foods has an agreement to purchase six leases from Johnnie’s Foodmaster, the Chelsea, MA based family-owned grocery chain. The transaction includes the Johnnie’s stores in South Weymouth, Arlington, Charlestown, Brookline, Melrose and Somerville. Johnnie’s plans to shutter the 31,000 s/f stores in the 6 locations prior to the closing date. Johnnie’s will keep close all of its remaining stores. Whole Foods intends to remodel each location, with the goal of reopening all six stores before the end of its 2013 fiscal year. The deal brings the number of Boston Whole Foods stores to 26…Two major Boston-area malls seized by lenders are hitting the market after creditors waited nearly a year for conditions to improve. Mortgage servicer C-III Capital Partners hired brokerage firm Eastdil Secured to sell Taunton’s Silver City Galleria and Leominster’s Mall at Whitney Fields on behalf of the shopping centers’ lenders. There’s no asking price specified for either mall, which investors can buy individually or in a package with as many as 4 other shopping centers C-III is trying to sell in other states…Tatyana Designs opened its 10th Bettie Page store, on Newbury Street in Boston. Bettie Page, which targets 18-35 year-old, fashion-conscious women, specializes in contemporary designs inspired by the 1950's and the iconic pin-up star Bettie Page…Sun & Ski opened its second MA store in Woburn. The new 14,393 s/f store will carry ski and snowboard gear. The 32-year-old adventure retailer, headquartered in Houston, Texas, is looking at MA as a 4-5 store market…The Bill Rodgers Running Center, one of the first stores to open at the revitalized Faneuil Hall Marketplace in the 1970s, is closing after a 35-year run. Financial and personal reasons factored into their decision…Stop & Shop Supermarket Co. opened a store in Wayland, MA. The 45,000 s/f store is smaller than the typical superstore the Quincy-based company has been building as they reduce their footprint to fit into smaller spaces. Located at 400 Boston Post Rd., the store is LEED certified, and is expected to use up to 20% less energy than a typical grocery store of this size. It boasts the latest in energy efficient features and introduce free electric car charging stations, providing nine parking spots for electric cars. Other energy features include more than 600 roof-top solar panels which are expected to supply about 11% of the store’s overall energy needs and LED parking lot lights which will reduce energy consumption by 50% vs. traditional lighting and will save about 1.4% of the store’s annual electricity requirements…Charter Realty and Development Corp. has acquired the 52,000 s/f Towers Plaza for $8.6 million. The neighborhood shopping center, located in Melrose, MA, was originally built in 1965 and was later renovated and expanded. It is anchored by Johnnie’s Foodmaster Supermarket and Rite Aid. Charter anticipates a façade renovation as well as upgrades to the common area...Stonewall Kitchen has opened its 10th company store in the Pheasant Lane Mall, the company’s 4th New Hampshire location…State and local officials recently joined Nordblom Co. for a groundbreaking ceremony on the first phase of the Northwest Park development in Burlington, a 285-acre business park off MiddlesexTurnpike which includes a planned 140,000 s/f Wegmans and 160,000 s/f of restaurant and other retail space...Shaw's Supermarkets will reduce its store workforce by 700 positions across 169 Shaw's and Star Market stores in New England…DSW will open in mall space once occupied by Filene’s Basement at South Shore Plaza, Braintree, MA…Panera Bread Foundation’s donation-based Panera Cares Community Cafe will open at 3 Center Plaza next year. The cafes’ mission is to serve each person who walks through the door, including customers who can’t pay anything. Menus at Panera Cares are consistent with those at Panera Bread’s for-profit restaurants, but have “suggested donation levels” in lieu of prices, and donation bins instead of cash registers...CarMax has acquired a parcel off the Norwood, MA AutoMile for $20 million with plans to build a showroom, a service center and a sales lot for 400 vehicles. The 115,000 s/f former Home Quarters on the site will be demolished.

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