REAL ESTATE

  • New tenants head to East Peoria’s Levee District

    Peoria, Ill. — Called The Levee District, the 86-acre new downtown going up in East Peoria, Ill., will include 500,000 sq. ft. of retail and restaurant space as well as office, hotel and civic components.

    Four new retailers recently inked leases for space in The Levee District.

    Construction is well underway on a 10,400-sq.-ft. space next to Gordmans to be occupied by Shoe Dept Encore. The new store plans to open in the spring of 2014.

  • Westfield renews its 100% stake in WTC retail

    The Westfield Group has agreed to purchase the Port Authority of New York and New Jersey’s remaining 50% interest in the World Trade Center’s retail square footage. The purchase price is US$800 million. Following the transaction, expected to close early next year, Westfield will own 100% of the retail space, which totals 365,000 sq. ft.

  • Rolex, Tourbillon, Tod’s, Trina Turk to The Galleria

    Houston — Simon Property Group has announced four new leases for The Galleria in Houston.

    Rolex will open an 1,800-sq.-ft. store next summer in Galleria I. Taking 2,815 sq. ft. Tourbillon will open its first Houston store in Galleria II in the early summer of 2014. Tod’s will debut in Houston with a 2,000-sq.-ft. store opening in Galleria I in early summer 2015. Trina Turk will open a 1.400-sq.-ft. store in the fall of 2014 in Galleria I.

  • Trademark and Zapolski form JV to redo Napa Center

    Fort Worth, Texas — Trademark Property Co. and Zapolski Real Estate LLC have announced a joint venture to lead the $25 million redevelopment, now underway, of Napa Center, a 153,000-sq.-ft. retail and hospitality district in the heart of downtown Napa, Calif.

  • La Maison Simon to open first Ontario store in 2016

    Quebec City, Quebec – La Maison Simons will open a 113,000-sq.-ft. flagship at Square One Shopping Centre in Mississauga, Ontario in spring 2016. The two-level Simons store will be the retailer’s first store in Ontario and represents a $52 million investment and will occupy a large portion of the existing Sears store as part of Square One's ongoing development projects.

  • Levin to lease Stafford Park in Manahawkin, N.J.

    North Plainfield, Manahawkin, N.J. — The Stafford Park shopping center in Manahawkin, N.J. has named Levin Management as its exclusive leasing agent. The 350-acre mixed-use redevelopment project includes 400,000 sq. ft. of retail space, including anchor tenants Costco and Target. The site has received approval to add another 195,000 sq. ft. The new retail space includes several pad sites.

  • Macy’s, Bloomingdale’s to anchor new Mall at Miami Worldcenter

    Cincinnati -- Macy’s announced an agreement for Macy’s and Bloomingdale’s stores to anchor the new Mall at Miami Worldcenter, to be built in downtown Miami. Current plans call for the stores to open in fall 2016.

    Miami Worldcenter, a major mixed-use project with retail, hotel, residential and convention space, is being planned by The Forbes Company and Taubman Centers.

  • Dollar Tree to Brooks Crossing in Watauga, Texas

    Watauga, Texas — Dollar Tree has leased an 8,450-sq.-ft. location at Brooks Crossing, a community retail center in Watauga, Texas. The Weitzman Group represented the shopping center, and The Retail Connection represented Dollar Tree.

    The Brooks Crossing tenant line-up includes Albertsons, GameStop, Tuesday Morning, Chase, GNC, Subway, Taco Bell and others. Cencor Realty Services manages Brooks Crossing.

  • StreetMac to manage recapitalized Stratford Square Mall

    Northbrook, Ill. — StreetMac Asset Managers and Five Mile Capital Partners LLC have joined forces to recapitalize Stratford Square Mall in Bloomingdale, Ill.

    The 1.3 million-sq.-ft. mall features more than 100 stores and restaurants, a 14-screen cinema complex and national retail anchors including Macy’s, Sears, Carson Pirie Scott, J.C. Penney, Kohl’s and Burlington Coat Factory.

  • Mid-America announces six new leases in Chicago

    Oakbrook Terrace, Ill. — Mid-America Asset Management Inc. has announced six retail leases in four Chicago shopping centers.

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