Posted on August 29, 2016 by Retail News Editor

Bassett Place completes construction of its new food court; announces new eateries

: Bassett Place completes construction of its new food court; announces new eateries

Dallas, TX, 2016-Aug-29 — /EPR Retail News/ — Bassett Place has completed construction of its new food court, officials with the East Central mall announced Tuesday.

Chinese Gourmet Express opened March 8; Sansei Japan, featuring traditional Japanese teriyaki and teppanyaki dishes, opened March 1; and returning food court outlets, Sbarro pizza and Subway sandwiches re-opened in December. The food court has room for two more eateries.

The food court was reconstructed to make way for a new, 35,000 square-foot Dave &Buster’s entertainment complex, which is scheduled to open in April.

The opening of the new food court will be celebrated March 31 when customers who buy something at one of the food court eateries will receive a free decorative cupcake while supplies last from 11:30 a.m.-1 p.m.

Bassett Place is located at Interstate 10 and Geronimo. It’s owned and managed by an affiliate of Cypress Equities of Dallas.

Contact:

Tel: +1 (214) 561 8800
Email: cypress@cypressequities.com

Source: Cypress Equities

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Posted on August 29, 2016 by Retail News Editor

Cypress Equities completes the acquisition of retail center in Covington, La. — Covington Nord du Lac

: Cypress Equities completes the acquisition of retail center in Covington, La. — Covington Nord du Lac

Dallas, TX, 2016-Aug-29 — /EPR Retail News/ — Cypress Equities announced today (August 16, 2016) that it has closed on the acquisition of Covington Nord du Lac, a retail center in Covington, La. The project is comprised of 214,000 square feet of existing space (96% leased), 83,000 square feet of partially-built improvements, and an additional 162,000 square feet of planned development space, totaling approximately 460,000 square feet.

Covington Nord du Lac will be a premier regional retail center situated at the intersection of I-12 and Highway 21 in Covington, LA, one of the most affluent submarkets of New Orleans. Currently, the property is anchored by national tenants such as Hobby Lobby, Academy Sports, Petco and Kohl’s (separately owned).

“Considerable interest in this project has already been displayed by prospective tenants, due to the desirable location, and high traffic counts from Interstate 12 and Highway 21,” said Chris Maguire, chief executive officer for Cypress Equities. “Our development plans for Covington Nord du Lac will further enhance the project’s appeal to future stores and restaurants.”

The SRS Real Estate Partners’ Atlanta office facilitated the acquisition of Covington Nord du Lac, on behalf of Cypress. The lead broker was Scott Tiernan, along with Kyle Stonis, and Pierce Mayson.

Cypress’ plans for the property include a leasing program focused on active apparel and fashion, in addition to local and regional restaurants. Together with Cypress’ in-house leasing team, Retail Specialists of New Orleans, led by John Moss, has been retained as the leasing agent for Covington Nord du Lac.

About Cypress Equities
Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has developed and acquired more than 18 million square feet and currently is developing and managing a portfolio of more than 13 million square feet of space, primarily focused on retail and mixed-use properties. Today, there are seven Cypress Equities offices throughout the U.S., including Dallas (headquarters), Chicago, New York, San Francisco, Atlanta, Phoenix and Fort Lauderdale. Visit www.cypressequities.com for more information.

Contact:

Tel: +1 (214) 561 8800
Email: cypress@cypressequities.com

Source: Cypress Equities

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Posted on August 29, 2016 by Retail News Editor

Sainsbury’s stores in tourist spots busier than at Christmas due to rise in staycations this summer

: Sainsbury’s stores in tourist spots busier than at Christmas due to rise in staycations this summer

Milton Keynes, UK, 2016-Aug-29 — /EPR Retail News/ — The trend for staycations this summer has led to Sainsbury’s stores in traditional British holiday areas going the extra mile to fulfill the huge rise in demand for deliveries to camp-sites and holiday homes.

Grocery online orders have risen by up to 53% in tourist areas
Stores in top tourist areas are busier than at Christmas

Orders at Sainsbury’s stores in tourist spots from Penzance to Scarborough have seen demand outstrip Christmas, which is traditionally the period when tills ring the loudest. Stores have hired scores of extra colleagues to keep up with demand and ensure holidaying Brits get their deliveries of sausages and wine.

On average orders at Sainsbury’s top ten stores in tourist areas have risen by 23% and the number of items orders has risen by 34%. The supermarket’s Truro store has seen the biggest rise with orders reaching a sizzling 53%.

Anja Madsen, Sainsbury’s Head of Online Operations, said: “Our online delivery colleagues visit some pretty unusual places during the summer months. From castles to tree-houses, from beach-huts to yurts, we are now delivering far and wide to ensure staycationing Brits get their sausages. This Bank Holiday weekend, our delivery colleagues will be true to our strategy of ‘being there’ whenever and wherever our customers need us, as they visit camp-sites and caravan parks up and down Britain to ensure those staycations sizzle.

“In the locations that are famous for being summer holiday destinations we have to take on a significant number of extra colleagues in order to meet demand. In Truro, for example, this summer the store increased the number of drivers by over half (52%) and increased ‘shoppers’ by 60% to accommodate the 20,000 extra items sold. It’s a great way to offer local employment to people who can only work during holidays.”

For more information about Sainsbury’s, please contact the Sainsbury’s press office on 020 7695 7295 or email press_office@sainsburys.co.uk

Source: Sainsbury’s

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