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Nerf-Xperience
Company newsNew JerseyNews

Kingsmen Xperience and Hasbro Bringing New Entertainment Concepts to U.S.

by Katie Sloan

Singapore and Paramus, N.J. — Kingsmen Xperience, the U.S. location-based experienced focused subsidiary of Singapore-based Kingsmen Creatives Ltd. and Hasbro Inc. will be opening the first North American location of Nerf Action Experience and the world’s first Planet Playskool kids experience at Westfield Garden State Plaza in Paramus in 2023. Both indoor entertainment centers will feature multiple activity zones, food and beverage areas, and retail stores.  The Nerf Action Xperience at Westfield Garden State Plaza will be over 25,000 square feet in size and is designed to bring the Nerf …

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Company newsNewsWisconsin

Kohl’s to Open 100 Smaller-Format Stores, 850 Sephora Locations Across U.S.

by Julia Sanders

Menomonee Falls, Wis. — Kohl’s Corp. has announced plans to open 100 smaller-format stores over the next four years. The company also aims to grow its Sephora business to more than $2 billion in annual sales through the opening of 850 new locations. The Menomonee Falls, Wisconsin-based retailer will launch self-serve, buy online and in-store pick up options at all locations; enhance Kohl’s Card Rewards earnings to 7.5 percent every day; introduce a co-branded credit card in 2023; and grow its online digital sales to $8 billion by enhancing discovery …

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Lee & Associates
ArizonaCompany newsNews

Lee & Associates Hires Mark Bramlett as Principal

by Julia Sanders

Phoenix — Lee & Associates has hired Mark Bramlett as principal in the firm’s Phoenix office. Bramlett has over 25 years of commercial real estate experience, specializing in the transactional representation of national retailers and landlords, as well as commercial land development. “Mark Bramlett combines a superior understanding of the Arizona market combined with his strategic thinking ability, to formulate a total real estate landscape for his retail customer base,” says Fred Darche, managing principal at Lee & Associates. “He is incredibly knowledgeable about future competitive changes, as well as …

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KURZAWA
CaliforniaCompany newsNews

CenterCal Properties Hires Paul Kurzawa as Chief Operating Officer

by Julia Sanders

El Segundo, Calif. — CenterCal Properties has hired Paul Kurzawa as chief operating officer. In his new role, Kurzawa’s first priority will be to launch the El Segundo, California-based firm’s new third-party services division, which aims to partner with real estate owners and investors to support them in revitalizing their retail centers and enhancing property value. Kurzawa brings over 27 years of both national and international experience in the commercial real estate and entertainment industries. Most recently, Kurzawa served as the executive vice president and director of operations for Unibail …

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CaliforniaCompany newsNewsNorth Carolina

Petco to Launch New In-Store Concept at Select Lowe’s Stores in Sun Belt

by Julia Sanders

Mooresville, N.C. and San Diego — Lowe’s and Petco Health and Wellness Co. Inc. have announced plans to open a new in-store concept that will offer both home and pet products within select Lowe’s locations. The first Lowe’s + Petco store-in-store concept is slated to open at the Lowe’s Alamo Ranch store in San Antonio at the beginning of February. The companies plan to expand to 14 additional Lowe’s locations in Texas, North Carolina and South Carolina by the end of March. The purpose of the Lowe’s + Petco locations …

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Company newsNewsWashington DC

NRF: Holiday Sales in 2021 Increased 14.1 Percent over 2020

by Julia Sanders

Washington, D.C. — The National Retail Federation (NRF) has reported that retail sales during last year’s November to December holiday season increased 14.1 percent, or $886.7 billion over those in 2020 ($777.3 billion). The 2021 numbers were greater than what the NRF had predicted and set a new record despite ongoing headwinds such as supply chain issues and the spread of the COVID-19 Omicron variant. Retail sales were tracked from Nov. 1 to Dec. 31 and exclude data from automobile dealers, gas stations and restaurants. Retail sales fell by 2.7 …

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Sigmond
Company newsFloridaNews

Pacific Star Capital Appoints Wright Sigmund as Principal

by Julia Sanders

Miami, Fla. — Pacific Star Capital has appointed Wright Sigmund as principal. In his new role, Sigmund will lead the Miami-based company’s operations and the overall growth of the firm as it focuses on expanding its portfolio of essential-tenant focused developments. Sigmund previously worked with First Washington Realty Inc. as senior vice president and national director of leasing.

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Aaron Wu
Company newsNew YorkNews

DLC Management Corp. Names Aaron Wu Vice President, Head of Acquisitions

by Julia Sanders

Elmsford, N.Y. — DLC Management Corp has named Aaron Wu vice president and head of acquisitions. In his new role, Wu will lead the company’s acquisitions platform by exploring ways to create growth for the portfolio and collaborating with others to establish strategic investments. Prior to joining DLC, Wu most recently served as managing director and head of acquisitions for AmCap Incorporated.

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Ken Caron
CaliforniaCompany newsNews

Lewis Retail Centers Promotes New Senior Vice President

by Julia Sanders

Upland, Calif. — Lewis Retail Centers, an Upland, California-based shopping center developer, has promoted Ken Caron to the position of senior vice president of commercial development. In his new role, Caron will be responsible for directing all activities related to retail development including entitlements, construction, leasing, marketing and property management. Caron joined Lewis Retail Centers after working with The Carrington Co. as vice president of leasing, acquisitions and development. He has worked for Lewis Retail Centers for more than 20 years and has held leadership roles within the firm’s development …

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Jack in the Box
CaliforniaCompany newsNews

Jack in the Box, Del Taco Enter into $575 Million Merger Agreement

by Julia Sanders

San Diego and Lake Forest, Calif. — Jack in the Box Inc. (NASDAQ: JACK) and Del Taco Restaurants (NASDAQ: TACO) have entered into a merger agreement valued at approximately $575 million, inclusive of existing debt. Under the terms of the agreement, Jack in the Box will acquire Del Taco for $12.51 per share in cash. The deal, which is expected to close in the first quarter of 2022, would yield a company with more than 2,800 restaurants across 25 states. In addition, the new entity plans to grow its store …

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