Will TJX Slow Domestic Growth in Years to Come?
	2012 Forecast: More of the Same
	Tennessee's Pinaccle at Turkey Creek Trades Hands for $131.7M
	Phillips Edison Promotes Robert F. Myers to President

NEWS ANALYSIS

Today, a few outperforming chains seem to drive most of the retail sector’s growth. The TJX Companies, the operator of discount powerhouses T.J. Maxx, Marshalls and HomeGoods, has been among the most active retail tenants out there, leasing space at malls, at strip centers and on urban street fronts.

In the past few months, the company opened a 32,000-sq.-ft. store at 14 Wall Street, in the heart of New York’s Financial District, made a commitment to open a 32,000-sq.-ft. T.J. Maxx store at Ridge Hill, a mixed-use development in Westchester County, N.Y. as well as leased a 28,004-sq.-ft. space for Marshalls at Southland Shopping Center in Middleburg Heights, Ohio, among other deals.

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BEST OF THE BLOG

ChainLinks Retail Advisors, a retail-only real estate services firm, has just released its U.S. National Retail Report 2012 Forecast, which predicts another slow year ahead for the sector.

According to the report, there will be fewer retail bankruptcies in 2012 than there were in 2011 and the national vacancy rate will go down.

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DEAL DIGEST

Colonial Properties Trust and Turkey Creek Partners LLC sold The Pinnacle at Turkey Creek in Knoxville, Tenn. for $131.7 million.

Also this week, Inland Real Estate Corp. and PGGM added two grocery-anchored shopping centers to their joint venture and United Properties sold the Marketplace at Austin Bluffs for $32.81 million.

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PROJECTS AND PEOPLE

Phillips Edison & Co. appointed Robert F. Myers as president and COO.

In other news, StonebridgeCarras and PH Hoffman formed a joint venture with Northwestern Mutual to develop a mixed-use center in Bethesda, Md. and Avison Young acquired a Los Angeles-based real estate services firm.

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