REAL ESTATE

Tampa, Fla. -- RMC Property Group announced that Nicholas Roth has joined the company as VP leasing.  

Roth joins RMC from Sandor in Indianapolis, where he was its U.S director of leasing. Roth also worked previously in landlord representation as director of leasing/Florida with Edens & Avant and as senior VP leasing/Florida with Equity One.

Tampa, Florida — RMC Property Group has been awarded the exclusive leasing and management assignment for The Promenade, located at 10330 North Dale Mabry Highway in Tampa.

The Promenade is a 29,984-sq.-ft. mixed-use property with 19,549 sq. ft. of ground floor retail and 10,435 sq. ft. of professional and office space on the second floor. Anchor tenants include International Diamond Center and Phoenix Home Care.

Chicago — Turkish fashion concept, SARAR, signed a lease at 111 West Washington Street in Chicago for 3,139 sq. ft. Mid-America Vice President Michael Wexler represented SARAR in the transaction. Danielle Rudas and John Vance of Stone Real Estate represented the landlord.

This will be SARAR’s third location in Illinois. The new location is expected to open in fall 2014. 

Sweetwater, Fla. -- Ikea will open its first store in the Miami-Dade region of Florida on Aug. 27.

Ikea Miami is the home furnishings company’s fourth store in Florida, 39th in the United States, and 361st worldwide. The 416,000-sq.-ft. Ikea Miami features the largest rooftop solar array in South Florida.

Los Angeles — Juanita Tate Marketplace is now open, bringing 77,096 sq. ft. of outdoor retail space with a full-service grocery to the highly underserved surrounding community. Located at 944 East Slauson Avenue in South Los Angeles, the $21-million development is situated on a 6.5-acre site, which was formerly used as a scrap-metal plant.

Construction began in May 2013 and completed in April 2014. The center is owned by Regency Centers and was designed by Nadel.

Philadelphia — Pennsylvania Real Estate Investment Trust has entered into an agreement to sell an anchor pad underlying a Bon-Ton store in Bethlehem, Pennsylvania, contiguous to Westgate Mall.

The transaction is expected to close prior to the end of 2014.

New York -- Chain Store Age is conducting its 10th annual survey of the Top Redevelopers in the United States. Survey results, which measure renovated and redeveloped projects completed within the last 12 months (June 30, 2013 to June 30, 2014), will appear in the November 2014 issue of Chain Store Age.

Deadline for submission is September 15, 2014. To enter, click here.

Framingham, Mass. -- T.J.Maxx will be opening five stores in the Chicagoland area starting this week and through October.

"The opening of these five stores in the Chicagoland area marks a momentous occasion for our brand," Richard Sherr, president of T.J.Maxx, stated.

All five T.J.Maxx stores will occupy over 122,000 sq. ft. of retail space.