REAL ESTATE

  • Five Applebee’s sold in 1031 exchange

    San Diego  — Representing a real estate investment trust, The Mansour Group has sold a portfolio of five Applebee’s for $13.3 million.

    To complete the transaction, The Mansour Group sourced a private high net worth California investor, who sold an apartment complex and acquired the portfolio through a 1031 exchange. The restaurants are located in North Carolina, Texas, Tennessee, Minnesota and Kentucky:

  • LA Fitness to open fourth San Antonio location

    Irvine, Calif. — LA Fitness has announced that it will open its fourth location in San Antonio. Construction of the 45,000-sq.-ft club will begin in the spring of 2014. LA Fitness has over 45 locations throughout Texas, concentrated in the Dallas/Fort Worth and Houston areas.

    When complete, the new LA Fitness will create approximately 50 new full-time and part-time jobs.

     

  • Tractor Supply Company will open first Nevada store

    Brentwood, Tenn. — Tractor Supply Company has announced the opening of its first store in Nevada — in Carson City. The move is part of the company’s expansion strategy into the western region of the country. Tractor supply plans to open 100 to 105 stores in 2013.

    The company currently operates more than 1,223 stores in 47 states and plans to grow to 2,100 stores.

     

  • Tween girls party format Club Tabby announces new location

    Lake Charles, La. – Club Tabby, a tween girls retail party store concept, has partnered with California-based franchise development group Franchise Beacon to open a location in Willow Grove, Pa.

    Franchisee Nicole Collado said she plans to open two more Club Tabby stores in the next five years.

    “I fell in love with the concept,” Collado said.

    Club Tabby hosts parties, does makeovers, and offer retail products that focus on making girls feel pampered and special.
     

     

  • Report: Foxwoods plans retail center

    Mashnatucket, Conn. -- Foxwoods Resort Casino is reportedly building a 300,000-sq.-ft. retail center that will house outlet shops. According to the Associated Press, Foxwoods is partnering with Tanger Factory Outlet Centers Inc. to create a Tanger Outlets complex that will feature more than 80 retailers, including American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein and Nike.

  • Seasons 52 to open first Colorado location

    Orlando, Fla. — Fresh grill and wine bar Seasons 52 has announced plans to open its first Colorado location in Lone Tree next summer.

    The restaurant offers a piano bar and live music nightly.

  • DSW to open new stores in Baltimore, and Lafayette, La.

    Columbus, Ohio — DSW Inc., Designer Show Warehouse has announced two new store openings, one in Baltimore, and another in Lafayette, La.

    DSW operates 385 stores in 42 states, the District of Columbia and Puerto Rico.

     

  • Transwestern adds two leases to Hilltop Plaza

    Boulder, Colo. — Transwetern’s Denver office has announced the completion of two leases at Hilltop Plaza, a four-story retail/office building in Boulder, Colo., in the University Hill shopping district just one block from the University of Colorado.

    BoCo Café has taken a 1,742-sq.-ft. space in the food court. Spark Boulder, a provider of student and entrepreneurial co-working facilities, has leased 5,482 sq. ft. and plans to opening in November.

  • MinuteClinic enters Hawaii

    Woonsocket, R.I. -- MinuteClinic, a division of CVS Caremark Corporation, will open today its first walk-in medical clinic in Hawaii at the Longs Drug store on South King Street in Honolulu near the University of Hawaii, Manoa. It is the first of seven MinuteClinic locations to open inside select Longs Drug stores on Oahu in the next two weeks.

    Additional clinics will serve patients in Aiea, Hawaii Kai, Kailua, Kaneohe, Kapolei and Waialae.

  • Red Robin swoops into Hagerstown, Md.

    Greenwood Village, Colo. — Red Robin will open a new restaurant in Hagerstown, Md., in late October.

    The new restaurant will add to the chains 480 U.S. restaurants located across the U.S. and Canada.

     

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