REAL ESTATE

  • Dick’s Sporting Goods opens stores in Wyoming, Kentucky on Oct. 25

    Pittsburgh – Dick’s Sporting Goods is opening new stores in Wyoming and Kentucky on Oct. 25. The new stores are located at the Eastridge Mall in Casper, Wy., and Gary Farms in Bowling Green, Ky.

    The Casper store will be Dick’s first store in Wyoming, and the Bowling Green will be the retailer’s ninth store in Kentucky. Dick’s will have a total of 547 stores as of Oct. 25.

     

  • Sacramento Sam’s Club morphs into Burlington Coat Factory

    Colton, Calif. — The Hodgdon Group, a brokerage, development, construction and project management firm, has converted a former Sam’s Club in Sacramento into a 60,000-sq.-ft/ Burlington Coat Factory.

    The new store opened last week. Hodgdon Group Realty and CBRE Sacramento represented the investor in the acquisition of the Sam’s Club building, as well as the landlord in the lease transaction. Retail West Inc. represented Burlington Coat Factory. An additional tenant has leased the remaining space and plans to open soon.

  • Construction starts on Juanita Tate Marketplace in South Los Angeles

    Los Angeles -- Construction has begun on Nadel Architects-designed Juanita Tate Marketplace, a 77,096-sq.-ft. outdoor retail center in South Los Angeles. Owned by Regency Centers, the $21 million development will bring a full-service grocery and retail center to the highly underserved surrounding community.

    The center is being designed by Nadel Architects.

  • Legoland Discovery Center breaks ground near Boston

    Somerville, Mass. – Merlin Entertainments has reportedly broken ground on a new Legoland Discovery Center location at the 50-acre, mixed-use Assembly Row development in Somerville, Mass. According to the Boston Globe, the 44,000-sq.-ft. store will open in May 2014.

    The store will be the only Legoland location in New England and employ about 100 people. Other retailers planning to open stores at Assembly Row include Nike, Brooks Brothers, Chico’s, and J.P. Licks.

     

  • Famous Footwear leases second Manhattan location

    New York — Famous Footwear has leased its second Manhattan location at 48-50 West 14th Street between Fifth and Sixth Avenues in Union Square, according to Winick Realty Group. The 7,800-sq.-ft. store is a block-through retail site with 50 feet of frontage on 14th Street and 25 ft. of frontage adjacent to the New School entrance on 13th Street.

    Ripco represented Famous Footwear in the transaction. Winick represented the landlord, CB Developers.

     

  • Mid-America brokers three new Chicagoland leases

    Oakbrook Terrace, Ill. — Mid-America Asset Management has announced three new retail leases in Chicago’s northwestern suburbs. Mid-America represented the landlord in each transaction.

    Charles Schwab signed a lease for 4,339 sq. ft. at Shops of Uptown in Park Ridge, a northwestern suburb of Chicago. The store is expected to open next spring. The 70,800-sq.-ft. center features Trader Joe’s, Houlihan’s and Jason’s Deli. Colliers International represented the tenant.

  • Rent the Runway opens innovative in-store shop at Henri Bendel

    New York -- Rent the Runway, the popular online retailer specializing in rentals of designer dresses and accessories, has entered into its first brick-and-mortar partnership, opening a 1,400-sq.-ft. showroom in the Henri Bendel Fifth Avenue flagship store in Manhattan.

  • Report: CVS, Starbucks, other retailers coming to Boston’s South Station

    Boston – Retailers including CVS and Starbucks, as well as Tavern in the Square and an independent bookstore, are soon coming to the South Station transportation terminal in Boston.

    According to the Boston Globe, real estate management firm Equity Office says CVS will open a two-story store in South Station in March 2014. Construction, including an elevator and escalator, is expected to start in November 2013.

  • Cycle Gear opens first New York state location

    Benicia, Calif. — Cycle Gear has announced the opening of its first New York State store in Hicksville. With this new location, Cycle Gear has stores in 31 states. Company officials said this is the first of many planned stores in New York.

    Employee-owned and enthusiast-driven, Cycle Gear is an active member of the riding community, sponsoring local events and working with new and experienced riders to help them find just the right gear.

     

  • Mansour Group completes sale of Houston LA Fitness

    Houston — The Mansour Group has completed the sale of an LA Fitness in Houston for $12 million. The 45,000-sq.-ft. facility is located in Houston’s Memorial Area, the wealthiest neighborhood in the city and the sixth wealthiest zip code in the state.

    Mansour www.themansourgroup.com marketed the property on behalf of the seller, a national REIT. The buyer was another institutional REIT.

     

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