REAL ESTATE

  • Retailer shifts occur on Madison Avenue

    New York City -- A series of retailer moves on Madison Avenue has allowed for expansion and improved adjacencies in one of Manhattan’s luxury shopping meccas.

    According to Prudential Douglas Elliman’s Retail Group, Italian luxury sportswear retailer Paul & Shark has opened in the Hartz Mountain Building at 667 Madison Avenue, replacing Michael Kors. In turn, Michael Kors will move to the current Steuben store and open a new flagship when the glassmaker departs the space.

  • Lineup of 20 new-to-market retailers to debut at City Creek Center

    Salt Lake City -- Bloomfield Hills, Mich.-based shopping center owner Taubman Centers announced Tuesday the first 20 retailers – all new to the market and most new to Utah – coming to City Creek Center, the 700,000-sq.-ft. retail component of mixed-used development City Creek in downtown Salt Lake City.

  • Jo-Ann Fabric and Crafts to open in former Borders space

    Wyomissing, Pa. -- Phoenix-based Cole Real Estate Investments said Monday that it has executed a lease with Jo-Ann Fabric and Craft Stores in Wyomissing, Pa., for approximately 25,000 sq. ft., backfilling a former Borders location.

    The in-line store is located adjacent to OfficeMax, Toys “R” Us and Old Navy.

  • Weitzman names VP

    Dallas -- The Commercial Retail Division of The Weitzman Group said that David Zoller has been promoted to the position of VP.

    Zoller is focused on investment sales and retail project leasing, as well as tenant representation for a select group of retailers, in the Dallas-Fort Worth area.
     

  • TCBY expands to two CNL Crosland centers

    Charlotte, N.C. -- CNL Crosland Commercial Real Estate announced the upcoming opening of The Country’s Best Yogurt (TCBY) at two Charlotte N.C. shopping centers – Town Center Plaza (2,100 sq. ft.) and Quail Corners (1,700 sq. ft.).

    The stores will open their doors this winter.

    TCBY has six self-serve stores in the Charlotte area, all owned by Samuel Batt. The Quail Corners’ location represents the first tenant announcement for the under-redevelopment center, which is anchored by Harris Teeter and Rite Aid. 

  • New retail leases signed at Shops at Highland Village

    Highland Village, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Highland Village, Texas, to two new merchants at The Shops at Highland Village.

    Delta Dental Insurance Co. has leased 10,678 sq. ft. of office space, and children’s apparel retailer Addison June Baby Boutique has leased 2,419 sq. ft. 

  • Destination Maternity opens in South Korea

    Philadelphia -- Destination Maternity Corp. announced the opening of two namesake stores and two shop-in-shops in South Korea.

    The freestanding locations, in the cities of Koyang and DaeJeon, are the chain’s first stores in South Korea and were opened by partner Agabang & Co.

  • Sutton announces new hire

    Syracuse, N.Y. -- Sutton Real Estate Co. announced that Larry J. Socia, has joined the company as retail director.

    Socia’s focus will be expanding the client representation business, seeking new business opportunities and overseeing existing retail real estate services.

    Socia was previously retail division director for the Cushman & Wakefield Strategic Alliance Partner in Upstate New York.
     

  • Marcus & Millichap announces promotion

    Philadelphia -- Marcus & Millichap Real Estate Investment Services said that it has promoted Mark E. Taylor to first VP investments.

    Most recently, Taylor held the title of VP investments. He specializes in the sale of retail shopping centers and net-leased property investment real estate.

  • Coreland Cos. names new hire

    Tustin, Calif. -- Coreland Cos. of Tustin, Calif., announced that Kim Talley has been named senior associate, retail brokerage.

    Talley was previously senior associate with CB Richard Ellis. She has completed transactions with TJ Maxx, Wells Fargo, TruValue Hardware, Starbucks and Citibank.

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