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Big Moves for GNC (Thursday's News & Notes)

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Retail real estate execs are always on the prowl to find the rare retailers willing to expand in today's climate. So there's some doubly good news on that front from GNC today.

The vitamin and nutrition specialty retailer is planning a $350 million IPO that will help facilitate its plans to open 4,800 company-owned and franchised locations to its store base. The firm currently has 7,100 locations. So this would represent a fairly sizable increase in its portfolio. Its expansion plans also will move it more aggressively overseas, including into China.

There is no timeline for how quickly it would like to add those stores. But that's an aggressive target no matter how you slice it.

Here are some other news and notes from around the retail real estate world.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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