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Forge Capital Partners, Sembler Co. Sell Retail Portfolio in Puerto Rico for $80.3 Million

by Julia Sanders

Puerto Rico — Forge Capital Partners and The Sembler Co. have sold The Plazas of Puerto Rico, a portfolio of retail centers totaling 555,016 square feet across the island of Puerto Rico. A joint venture between Lamar, CCM Puerto Rico and Real Capital Solutions acquired the properties for $80.3 million. Danny Finkle, Eric Williams, Kim Flores and Andrew Carlson of JLL represented the sellers in the transaction. Dispositions include Juncos Plaza in Juncos; Plaza Los Prados in Caguas; Manatí Centro Plaza in Manatí; and University Plaza in Mayagüez. The portfolio …

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EntertainmentInternationalNewsRetailers

Rolling Stones, Bravado Open First Flagship Store in London

by Alex Tostado

London — The Rolling Stones has opened RS No. 9 Carnaby, a retail store located at 9 Carnaby St. in London’s SoHo neighborhood. The new store, created in partnership with Bravado, Universal Music Group’s merchandise and brand management company, features the iconic Rolling Stones logo on the window as well as an illustrated soundwave of the opening to the 1966 track “Paint It Black.” Inside, the glass floor features many of the band’s lyrics, and the fitting rooms are adorned with artwork from albums “Exile on Main Street” (1972) and “Some …

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Company newsInternationalNewsRetailers

lululemon Reports Second-Quarter Online Sales Jump 157 Percent Year-Over-Year

by Alex Tostado

Vancouver — lululemon Athletica Inc. (Nasdaq: LULU) has reported online sales jumped 157 percent in the second quarter compared to Q2 2019. The Vancouver-based retailer closed stores in its North American, European and Asian Pacific portfolio in the first quarter due to the coronavirus pandemic. lululemon began reopening stores in the second quarter. As of Aug. 2, 492 of 506 company-operated stores were open. The clothing store reported in-store sales were up 3 percent year-over-year. “We’re pleased with our overall business results for the second quarter, as lululemon increasingly lives up …

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Industry ContentInternationalRetail Insight

Boutique Fitness Company Xponential Fitness Eyes National, International Expansion

by Camren Skelton

Today’s shopping center owners are looking to offer experiences to their customers — and they are looking for tenants that offer experiences that bring those customers back frequently.  Boutique fitness concepts —  with their devoted followers that often work out multiple times per week — are a great addition to a center.  Founded in 2017, boutique fitness brand Xponential Fitness offers a curated selection of high-quality concepts that are attractive to all ages. These brands include Club Pilates, touted by the company as the nation’s largest and fastest growing Pilates franchise; …

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