REAL ESTATE

  • Report: CVS/pharmacy looks to re-enter Toledo market

    Woonsocket, R.I. — CVS Caremark is reportedly planning to re-enter the metro Toledo, Ohio, market by snapping up parcels of property, according to a local news report. The Blade is reporting that the pharmacy retailer bought land on Monroe Street near Douglas Road, where it plans to open its first drug store since exiting the market in 2001.

    Citing Lucas County real estate records, the newspaper reports that the company bought eight parcels of property totaling 1.5 acres. The total price for the property was $2.2 million.

     

  • Morris-Floyd acquires Amarillo’s Wolflin Village

    New York -- Morris-Floyd Capital Partners has acquired the 159,861-sq.-ft. Wolflin Village shopping center in Amarillo, Texas. Anchored by Talbot’s, Office Depot and Shepler’s Boots’n Jeans, the center ranks as Morris-Floyd’s ninth acquisition. CBRE represented the seller, Dunhill Partners, which acquired the property in 2009 from Weingarten Realty Investors www.weingarten.com.

    The center is 97% leased

  • Van De Vort opens in Del Mar’s Flower Hill Promenade

    Del Mar, Calif. — Van De Vort opened a new women’s fashion boutique in the Flower Hill Promenade in Del Mar, Calif., near San Diego, with a grand opening celebration last Saturday.

     

  • Moorestown Mall signs Distrito by Iron Chef Jose Garces

    Philadelphia — Distrito, a Garces Group restaurant, has leased a 7,500-sq.-ft. space at the Moorestown Mall in Moorestown, N.J., according to the mall’s owner Pennsylvania Real Estate Investment Trust.

    James Beard Award-winning chef and one of only a few chefs in the country designated an Iron Chef, Jose Garces owns and operates more than a dozen restaurants in five states.

  • Cullinan Properties signs new VP investments

    Peoria, Ill.Cullinan Properties has announced the appointment of Masood Aini as VP investments in the company’s Chicago office.

    With eight years of commercial real estate experience, Aini comes to the firm from Trevi Retail in New York, where he served as director of acquisitions and Leasing responsible for internal leasing efforts and the sourcing, underwriting and valuing of Manhattan retail condominiums and mixed-use assets.

  • Market Street – The Woodlands welcomes Kate Spade and others

    Fort Worth — Market Street – The Woodlands, a mixed-use project north of Houston is welcoming four new tenants. Kate Spade will open a 1,907-sq.-ft. designer fashion store this fall. Also coming this fall are two more clothing stores: a 2,500-sq.-ft. Lucky Brand and a 3,719-sq.-ft. Vineyard Vines.

    Just two weeks ago, Tumi opened a travel, business and lifestyle accessories shop.

  • Silver Jeans Co. to open loft concept at La Plaza Mall

    Winnipeg, Manitoba — Silver Jeans Co. has announced the opening of a loft concept store at La Plaza Mall in McAllen, Texas, on Sept. 13.

    “We put a lot of work into making sure the store environment represents our brand,” said Michael Silver, Silver Jeans’ CEO. The 1,536-sq.-ft. loft will feature digital technology with a mobile point-of-sale system. A 6-ft media wall will display the latest ad campaign and music videos.

  • Grand opening for NOLA’s Mid-City Market

    New York -- Stirling Properties has opened the Mid-City Market in New Orleans, the firm’s largest group-up retail development in the city. A 54,390-sq.-ft Winn-Dixie anchors the 108,763-sq.-ft. shopping center. Stirling estimates that the center will generate annual retail sales of more than $61 million.

  • Vera Bradley expands Indiana campus

    Fort Wayne, Ind. – Vera Bradley is expanding its Roanoke, Ind., campus, creating what the vertical specialty retailer estimates will be about 128 new jobs during the next four years. The company will invest approximately $26.6 million to expand both its current 40,000-sq.-ft. design center by 149,000 sq. ft. and its 420,000-sq.-ft. distribution center by 10,000 sq. ft. Both complexes are located just outside Fort Wayne, Ind., near Interstate 69.

  • SRS Real Estate Partners posts July transactions

    Dallas — During July, SRS Real Estate Partners www.srsre.com executed a host of transactions in major cities across the country:

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