Retail Traffic

Major Tenant Happenings

Pasadena, Calif. - Borders Books Music & Cafe recently opened in the historic Lake District of Pasadena. Located in a building that had been occupied by I. Magnin since 1949, the 40,000 sq. ft. store features three levels with a winding staircase and large windows. San Diego-based LandGrant Corp. was responsible for the development of the $8.9 million project. MCG Architects and Moorefield Construction, both based in Pasadena, also worked on the project.

West Los Angeles - Marking another addition to the Howard Hughes Entertainment Center in West Los Angeles, Nordstrom has signed a 15-year, multimillion-dollar lease for a 40,000 sq. ft. Nordstrom Rack store. When completed in fall 1999, the store will join a 19-screen Edwards Cinema complex with a 3-D IMAX theater. Howard Hughes Entertainment Center, being developed by Los Angeles-based J.H. Snyder Co., is planned as a 250,000 sq. ft. project featuring entertainment, restaurants and brand-name retail stores. Expected to be completed in late summer 1999, it is set within the existing 70-acre Howard Hughes Center, a masterplanned, mixed-use development.

Philadelphia - A grand opening will be held this month for Big Kmart at Penrose Plaza in southwest Philadelphia. The 97,805 sq. ft. store joins 38 stores and restaurants at the 230,000 sq. ft. center. Penrose Plaza, which also is anchored by Acme, Rite Aid and Fashion Bug superstore, is managed by Philadelphia-based Korman Commercial Properties.

Sunrise, Fla. - Filene's Basement, a Massachusetts-based off-price retailer, made its Florida debut last month at Sawgrass Mills in Sunrise. The store sells current, brand-name and designer men's and women's apparel, as well as gift and home accessories at prices 30% to 60% below regular department store prices. Sawgrass Mills features more than 270 name-brand discounters and outlet stores such as Off 5th-Saks Fifth Avenue Outlet, Last Call! The Clearance Center from Neiman Marcus, Barneys New York Outlet, AnnTaylor and Brooks Brothers Factory Store. It is owned and managed by The Mills Corp., Arlington, Va.

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