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CoolSprings Galleria
CoolSprings Galleria is an enclosed super-regional shopping mall in the Cool Springs commercial and residential corridor between Franklin and Brentwood, Tennessee, south of Nashville. Opened in 1991, it features 150 stores. The mall is anchored by JCPenney, Belk, Macy’s, and Dillard’s, with junior anchors H&M, American Girl, Ulta Beauty, and Forever 21. It also features The Cheesecake Factory as a major restaurant tenant. CBL Properties developed the mall in a joint venture with the Edward J. DeBartolo Corporation, and has owned it since its opening; CBL also owns an adjacent power center called CoolSprings Crossing which was developed simultaneously. History CBL & Associates Properties (now CBL Properties), a shopping mall developer based in Chattanooga, Tennessee, first announced plans to build a shopping mall in Franklin, Tennessee in 1989. It would be situated at the interchange of Interstate 65 and Moores Lane ( Tennessee State Route 441). CBL developed the mall thro ...
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Franklin, Tennessee
Franklin is a city in and the county seat of Williamson County, Tennessee, United States. About south of Nashville, Tennessee, Nashville, it is one of the principal cities of the Nashville metropolitan area and Middle Tennessee. As of 2020 United States census, 2020, its population was 83,454. It is the List of municipalities in Tennessee, seventh-most populous city in Tennessee. Franklin is known to be the home of many celebrities, primarily country music stars. The city developed on both sides of the Harpeth River, a tributary of the Cumberland River. In the 19th century, Franklin (as the county seat) was the trading and judicial center for primarily rural Williamson County and remained so well into the 20th century as the county remained rural and agricultural in nature. Since 1980, areas of northern Franklin have been developed for residential and related businesses, in addition to modern service industries. The population has increased rapidly as growth moved in all direc ...
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Retail Park
A retail park is a type of shopping centre found on the fringes of most large towns and cities in the United Kingdom and other European countries. Retail parks form a key aspect of European retail geographies, alongside indoor shopping centres, standalone stores like hypermarkets and more traditional high streets. Cushman & Wakefield define a retail park as any shopping centre with mostly retail warehouse units, of a size or larger. Retail parks have a number of retailers in a single location, but as opposed to an indoor centre, there is no roof, and they are therefore not weatherproof. History Retail parks originate in out-of-town retail locations containing big box retailers which are not suited to pedestrianised high streets, such as garden centres, home stores and supermarkets. More recently, many high street retailers have moved to retail parks, since retail parks offer cheaper rents and cheaper parking for customers. For example, in the UK, Marks and Spencer and Ne ...
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The Home Depot
The Home Depot, Inc., often referred to as Home Depot, is an American multinational corporation, multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States. In 2021, the company had 490,600 employees and more than $151 billion in revenue. The company is headquartered in unincorporated Cobb County, Georgia, with an Atlanta mailing address. Home Depot operates many big-box store, big-box format stores across the United States (including the District of Columbia, Guam, Puerto Rico and the United States Virgin Islands, U.S. Virgin Islands); all 10 provinces of Canada; and all 32 Mexican states and Mexico City. Maintenance, repair, and operations company Interline Brands (The Home Depot Pro) is also owned by The Home Depot, with 70 distribution centers across the United States. It is the seventh List of largest U ...
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Service Merchandise
Service Merchandise was a retail chain of catalog showrooms carrying jewelry, toys, sporting goods and electronics. The company, which first began in 1934 as a five-and-dime store, was in existence for 68 years before ceasing operations in 2002. History Service Merchandise's history can be traced to 1934, to a small five-and-dime store founded by Harry and Mary Zimmerman in the town of Pulaski, Tennessee. After leaving the wholesale business, they opened Service Merchandise, Inc., the first of what evolved into a chain of catalog showrooms. It opened in 1960 at 309 Broadway in downtown Nashville, Tennessee. During the 1970s and 1980s, Service Merchandise was a leading catalog-showroom retailer. At its peak, the company achieved more than $4 billion in annual sales. As the company expanded, it began to open showrooms nationwide, mostly in the vicinity of major shopping malls, which were in vogue in the 1970s. In the early 1980s, the Service Merchandise headquarters moved from ...
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Target Corporation
Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota. It is the seventh-largest retailer in the United States, and a component of the S&P 500 Index. The company is one of the largest American-owned private employers in the United States. The original Target retail store was co-founded by John Geisse and Douglas Dayton, the CEO of the Dayton corporation at that time. The Dayton corporation, now known as the Target Corporation, was the company John Geisse worked for when he founded the Target stores and was founded in Minneapolis by businessman George Dayton in 1902, and developed through the years via expansion and acquisitions. Target, the company's first discount store and eventual namesake, was opened and founded by American business man John F. Geisse in 1962. The company became the Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969 ...
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Sears
Sears, Roebuck and Co., commonly known as Sears ( ), is an American chain of department stores and online retailer founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail-order catalog company migrating to opening retail locations in 1925, the first in Chicago. Through the 1980s, Sears was the largest retailer in the United States. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. In 2018, it was the 31st-largest. After several years of declining sales, Sears' parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until moving out to Ho ...
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The Avenues (shopping Mall)
The Avenues (also referred to and often known as Avenues Mall) is a two-level regional shopping mall located on the southside of Jacksonville, Florida, and opened in 1990 on the Interstate 95 corridor, and is off exit 339 at the intersection of U.S. 1 (Philips Highway) and Southside Boulevard. The mall, managed by Simon Property Group, which manages 25% of it, has a parking deck on the northwestern side. Its anchor stores are Belk, Dillard's, and JCPenney. Other stores located at the mall include Aldo, H&M, LOFT, BoxLunch, Build-A-Bear Workshop, MAC, LUSH Fresh Handmade Cosmetics, Pandora, and Le Macaron French Pastries. History The mall opened on September 26, 1990 with JCPenney, Maison Blanche (originally slated to open as May-Cohen's/May Florida), and Sears, followed by the opening of Dillard's (first proposed as Ivey's, which was purchased on June 4) in 1991, along with another at Cool Springs Galleria. Furthermore, Parisian was dedicated in 1994, which was ...
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Hecht's
Hecht's was an American department store chain founded in 1857 by Samuel Hecht, Jr. It was headquartered in Washington, D.C., and operated in the Mid-Atlantic (United States), Mid-Atlantic and Southern United States. The family business was acquired by The May Department Stores Company in 1959, which itself was Acquisition of The May Department Stores Company by Federated Department Stores, acquired by Macy's, Inc., Federated Department Stores in 2005. Hecht's was dissolved in favor of the Federated-owned Bloomingdale's and Macy's brands in 2006. History The Hecht Company was founded in 1857 by Sam Hecht, Jr. The Hecht family was Jewish and came from the little village of Langenschwarz (now part of Burghaun), Kreis Hünfeld, Hesse, Germany where Sam was born on December 10, 1830. His father Meyer (a.k.a. Meier or Maier) Hecht was a cattle dealer or driver who was drowned in Langenschwarz on June 12, 1835. Meyer's parents were Anschel (a.k.a. Anshil or Asher) Hecht who was a ...
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Proffitt's
Proffitt's was a department store chain based in Alcoa, Tennessee. The chain was founded in 1919 by David W. Proffitt and James Ellis. In 2006, the Proffitt's and McRae's stores were converted into Belk after Belk had acquired the two chains in July 2005 from Saks, Inc. At the time of their demise they operated 47 Proffitts & McRae's stores. History Beginnings Jeweler David W. Proffitt and James Ellis founded the Ellis-Proffitt Co. on Main Street in downtown Maryville, Tennessee, in 1919. The first store had seven departments: ladies ready-to-wear, ladies accessories, millinery, men's shoes, dry goods, and bargain basement. Ellis sold his share of the company to Proffitt in 1921 due to illness. The company expanded by opening its second store in Athens, Tennessee, in 1936. In the 1960s, the Maryville, Tennessee, Maryville store moved from downtown to Midland Plaza in Alcoa, Tennessee, Alcoa. In 1982 the store relocated again to Foothills Mall (Tennessee), Foothills Mall in ...
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Castner Knott
Castner Knott was a Nashville, Tennessee-based regional department store chain which operated stores in Alabama, Kentucky, and Tennessee. The chain was in business for a century from 1898 to 1998, in its later years as a division of Mercantile Stores Company. Castner Knott's historic flagship location on Nashville's Church Street closed in 1996, while the remaining stores were among those sold to Little Rock, Arkansas-based Dillard's, when it acquired Mercantile in 1998. The five high-volume mall stores ( Bellevue Center, CoolSprings Galleria, Hickory Hollow Mall, The Mall at Green Hills and Rivergate Mall) in the greater Nashville area, where Dillard's already had locations, were sold to Saks Incorporated and rebranded as Proffitt's. The stores were then sold in 2001 to May Company, who, in turn, rebranded these locations as Hecht's. In 2006, those stores were converted to the Macy's name as a result of the May Company-Federated Department Stores merger. Macy's would eventua ...
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Anchor Store
In North American, Australian and New Zealand retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a considerably larger tenant in a shopping mall, often a department store or retail chain. They are typically located at the ends of malls, sometimes in the middle. With their broad appeal, they are intended to attract a significant cross-section of the shopping public to the center. They often are offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for the mall owners. Some examples of anchor stores in the United States are: Macy's, Sears, JCPenney, Nordstrom, Neiman Marcus, Saks Fifth Avenue, Dillard's, Kohl's, Walmart, and Target. And in Canada; Hudson's Bay (formerly), Sears (formerly), Target (formerly), Zellers (formerly, now in all Hudson’s Bay locations), Nordstrom/ Nordstrom Rack (formerly), TJX Companies ( HomeSense, Winners, Marshalls), Walmart, Saks ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.' Most joint ventures are incorporated, although some, as in the oil and gas industry, are "unincorporated" joint ventures that mimic a corporate entity. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "''co-venturers''". A joint venture can take the form of a business. It can also take the form of a project or asset JV, created for the purpose of pursuing one specific project, ...
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