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November 3, 2011
RETAILTRAFFIC online
brought to you by Retail Traffic Online
IN THIS ISSUE
 Retail Real Estate Pros Laud Trader Joe's Upsized Aspirations
 The Winners
 Filene's Basement to Liquidate
 Kimco Closes $1.75B Unsecured Revolving Credit Facility
 JLL Completes Construction on New Uniqlo Stores in Manhattan


NEWS ANALYSIS

Retail Real Estate Pros Laud Trader Joe's Upsized Aspirations
By Elaine Misonzhnik, Senior Associate Editor

Trader Joe’s reported efforts to expand its store size are getting kudos from industry insiders.

Officials from the offbeat grocery chain won’t comment on the record about its current expansion strategy, but brokers on the ground say Trader Joe’s has been looking at a lot of real estate recently, particularly in smaller big-box formats. This would be a departure from its smaller stores, which have historically ranged between 8,000 sq. ft. and 12,000 sq. ft.

READ THE FULL STORY HERE.


2011 SADI GALLERIES

The Winners
By David Bodamer, Editorial Director

The Superior Achievement in Design and Imaging (SADI) awards never fail to surprise—especially the Grand SADI winners. In this year’s contest a department store, FRCH Design Worldwide’s scheme for the Liverpool Polanco store in Mexico City, took home the top prize.

Click here to view extensive galleries of the 17 projects that won their categories or were picked up for honorable mention honors.

READ THE FULL STORY HERE.


BEST OF THE BLOG

Filene's Basement to Liquidate
By Elaine Misonzhnik, Senior Associate Editor

As the year winds down, the annual parade of retailers headed for bankruptcy and liquidation has begun. This morning, Syms Corp. announced it was filing for Chapter 11 protection for both itself and Filene's, which became its subsidiary in 2009.

Syms plans to liquidate the remaining 21 Filene's stores after the end of this holiday season.

READ THE FULL STORY HERE.


DEAL DIGEST

Kimco Closes $1.75B Unsecured Revolving Credit Facility
Staff Reports

Kimco Realty Corp. and Agree Realty Corp. both replaced their unsecured revolving credit facilities this week.

Meanwhile, SL Green Realty Corp. and joint venture partner Jeff Sutton sold a Fifth Avenue retail condo for $46 million and purchased a Madison Avenue retail condo for more than $66 million.

READ THE FULL STORY HERE.


PROJECTS AND PEOPLE

JLL Completes Construction on New Uniqlo Stores in Manhattan
Staff Reports

Jones Lang LaSalle completed its construction project management on two new Uniqlo stores in New York City, setting the standard for new Uniqlo stores going forward.

At the same time, KeyPoint Partners became the management and leasing agent for The Crossings at Fox Run and Regency Centers and Brixmor Property Group announced multiple new leases.

READ THE FULL STORY HERE.

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About This Newsletter

Editorial Director
David Bodamer
david.bodamer@penton.com
Practice Leader
Jonathan A. Schein
jonathan.schein@penton.com
Managing Editor
Susan Piperato
susan.piperato@penton.com

Senior Associate Editor
Elaine Misonzhnik
elaine.misonzhnik@penton.com
Publisher
Marianne Rivera
marianne.rivera@penton.com

Northeast Sales Manager
Leigh Ann Beal
leighann.beal@penton.com
Western Sales Manager
Neil Dant
neil.dant@penton.com

New England Sales Manager
Matt Butcher
matt.butcher@penton.com

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