REAL ESTATE

  • DLC acquires The Court at Deptford in Deptford, New Jersey

    Tarrytown, N.Y. — DLC Management Corp. has acquired The Court at Deptford in Deptford, New Jersey. DLC plans to redevelop the 361,000-sq.-ft. center located next to the Deptford Mall.

    Tenants include Ross Dress for Less, Party City, Pier 1 and Olive Garden.

    Shopping centers in the well-occupied trade area averages occupancy rates of 95%, thanks to a population of 210,985 with an average annual income of $77,600.

     

  • Coldwater Plaza in Avondale, Arizona, sells for $2 million

    Phoenix — Sparty Holdings has acquired the 10,017-sq.-ft. Coldwater Plaza in Avondale, Arizona, for $2.085 million.

    Evergreen represented Sparty Holdings in the transaction. CBRE (www.cbre.com) represented the seller, a partnership between North Dysart SG and Coldwater Dysart Partners.

    The 10,017-sq.-ft. shopping center is 100% leased. Tenants include Pacific Seafood Buffet, Cricket Wireless, Hire Source Staffing, and Checkmate Loans.

  • Westfield’s plan for Village at Westfield Topanga

    Woodland Hills, Calif. Westfield has unveiled the layout, landscaping and décor plans for Westfield Topanga’s outdoor extension, The Village at Westfield Topanga.

    Construction has commenced, and the center is slated to open in the fall of 2015.

  • J. Crew plans Asia expansion

    New York – J. Crew is reportedly planning to expand into Asia. According to the Wall Street Journal, J. Crew will open two new stores in Hong Kong on May 21.

    The Hong Kong stores will be J. Crew’s first Asian stores since it closed its stores in Japan in 2008. In 2012, J. Crew said it planned to open stores in Hong Kong, and the U.K., and opened three U.K. stores in 2013. The retailer plans to open five or six stores in Hong Kong in the next few years, and may also open new stores in Japan.

  • Warehouses Coming to a Store Near You

    By Kris Bjorson and Lew Kornberg, Head of Retail Tenant Representation at Jones Lang LaSalle

  • Bass Pro Shops to open 13th Florida store

    Gainesville, Fla. — Bass Pro Shops has announced plans for a new store in Gainesville, Florida. Slated to open in 2016, the planned 80,000-sq.-ft. store will anchor Celebration Pointe, a one-million-sq.-ft. mixed-use development that will include retail, restaurants, entertainment, a hotel and residential units. The property lies in the northwest quadrant of Interstate 75 and Archer Road.

  • Taubman offers free Web access to mall tenants

    Bloomfield Hills, Mich. – Mall operator Taubman, through its preferred vendor, Single Digits, will offer free basic Internet access to all tenants in 20 of the regional and super regional malls it manages across the U.S. Beginning in the summer, a business-class T1 equivalent service will be offered free of charge to tenants leasing space in Taubman-owned and managed properties.

  • DeBartolo taps JLL to manage Ka Makana Ali’i

    Las Vegas — DeBartolo Development has retained JLL Retail to manage the new Ka Makana Ali’i shopping center in Kapolei, West Oahu, considered the fastest growing area in Hawaii. The $500-million project will span 67 acres of Department of Hawaiian Home Lands at the intersection of the Kapolei and Kualaka’i Parkways. Upon completion Ka Makana Ali’i will be the third largest shopping center in Hawaii.

  • Dunkin’ Donuts seeks franchisees in Roanoke, Virginia

    Canton, Mass. – Dunkin’ Donuts is recruiting franchisees in Roanoke, Virginia. This month, the retailer signed a multi-unit store development agreement with existing franchisee Greg Nigro to develop 13 new restaurants throughout Richmond, Virginia.

  • Subway to open 3,000 stores in 2014

    Milford, Conn. - The Subway restaurant chain is poised to open about 3,000 new locations worldwide this year. Subway currently has more than 41,000 stores in 105 countries worldwide.

    "Location, location, location is still the mantra," said John Devine, director of Subway Real Estate. "We continue to provide our customers with convenient locations to enjoy our great menu offerings. At the same time, we continue to offer landlords and developers a proven, stable and trusted tenant for their real estate."

     

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