REAL ESTATE

  • Baker Katz buys four properties in Houston metro area

    Houston, Texas — Baker Katz has acquired four retail properties throughout the greater Houston area — in the neighboring cities of Port Arthur, Lake Jackson, Beaumont and Tomball.

    The Port Arthur property is a 90,000-sq.-ft., single-tenant building purchased from the Sutherland Lumber Co. for an undisclosed amount. Baker Katz plans to renovate the building and convert it to a multi-tenant space. Hobby Lobby has signed a 58,000-sq.-ft. lease, and Party City has signed a lease for 13,000 sq. ft.

  • SRS names senior associate in Dallas office

  • Uniqlo to enter Los Angeles market in September; announces five locations

    New York -- Uniqlo will continue its expansion in the United States by entering the Los Angeles market. The Japanese retail powerhouse announced it will open five stores in the Los Angeles area, starting in August, at South Coast Plaza, Costa Mesa, followed by a location at Glendale Galleria, Glendale, in September.
       
    In October, the company will open at the Beverly Center, Los Angeles, and Northridge Fashion Center, Northridge. In spring 2015, Uniqlo will open a store at Los Cerritos Center in Cerritos.  

  • Omaha Natural Grocers sells for $6.115 million

    Omaha, Neb. — A private California buyer has purchased a 20,134-sq.-ft. Natural Grocers in Omaha, Nebraska. Mid-America Real Estate Corp. represented the seller, a private developer, in the transaction.

    Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Illinois. The company is the Midwest’s leading full-service retail real estate organization with offices in Chicago, Milwaukee, Minneapolis and Detroit.

  • Uniqlo’s new Paris flagship

    New York -- Uniqlo debuted a new flagship with the opening of its fifth location in Paris, in the city’s Marais area.

    Located in a 19th century building that once housed a foundry, the three-level, 8,800-sq.-ft. store combines such historic details as a 115-ft- red-brick chimney with a modern layout and high-tech accents, including video screens and LED displays.

    It was designed by Tokyo architects Wonderwall, a longtime collaborator with Uniqlo.

     

  • Inland buys Hitchcock Plaza in Aiken, South Carolina

    Atlanta — Inland Real Estate Group has acquired Hitchcock Plaza in Aiken, South Carolina, for $28.9 million. JLL represented the seller, Hendon Properties, in the transaction.

    Ross Dress for Less, T.J.Maxx, Bed Bath and Beyond, Old Navy and Academy Sports anchor the 252,097-sq.-ft. center.

  • LA Fitness inks four new leases in Central Texas

    Dallas — LA Fitness has signed leases for four new spaces, two in Austin, Texas, and two in San Antonio, Texas. Venture Commercial Real Estate represented LA Fitness in each transaction.

    In Austin, LA Fitness plans to begin construction immediately on a 40,000-sq.-ft. facility at 2020 Anderson Lane and a 46,200-sq.-ft. facility in the Lamar Oaks Shopping center on Lamar Boulevard. Retail Solutions and The Weitzman Group represented the landlords for the Anderson Lane and Lamar Boulevard locations, respectively.

  • Earthbar signs into Glendale Galleria in May

    Glendale, Calif. — The health juice café, Earthbar, has leased a 1,168-sq.-ft. location on the third level of Glendale Galleria. Earthbar offers a range of juices and cleansers, vitamins and supplements, shakes and healthy snacks.

  • Flip Flop Shops to open 20 Caribbean franchise stores

    Atlanta - Flip Flop Shops has signed a master franchise agreement with Happy Toes Caribbean that calls for the establishment and development of at least 20 new shops throughout the islands, the first of which will open in Aruba in late 2014. The master franchise rights agreement also covers the management of three established stores in St. Thomas, St. Maarten and Curacao.

  • R.J. Brunelli & Co. completes multiple retail leases in New Jersey, Maryland

    Old Bridge, N.J. - R.J. Brunelli & Co., LLC has recently completed a series of leases that will bring retail tenants to sites throughout New Jersey and Maryland. Dollar Tree recently signed a lease that will bring its Deal$ concept to an 11,400-sq.-ft. space in downtown Elizabeth, New Jersey. R.J. Brunelli serves as the retailer's exclusive real estate representative for all of New Jersey.

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