REAL ESTATE

  • Opus completes third Gander Mountain project

    Minneapolis -- The Opus Group has completed construction of a 42,300-sq.-ft. store for outdoor retailer Gander Mountain in Tuscaloosa, Ala.

    Opus also constructed the Gander Mountain store in Valdosta, Ga., and provided construction management services for the store in Opelika, Ala. In addition, the retailer has awarded Opus a contract for a 45,600-sq.-ft. store in Albany, Ga.

     

  • Walgreen’s plans store on Johns Hopkins campus

    Deerfield, Ill. – Walgreen’s is planning to build a new store on the East Baltimore medical campus of Johns Hopkins University. The store will be developed according to the Walgreens Web Experience format and offer the retailer’s first in-store Take Care health clinic in the state of Maryland. Walgreen’s and Johns Hopkins announced a collaboration in May 2011.

  • Lam Group chooses broker for NYC NoMad retail

    New York -- The Lam Group has chosen Newmark Grubb Knight Frank (NGKF) Retail and Hospitality Services to lease the 100,000-sq.-ft. retail portion of a mixed-use project in the NoMad neighborhood of New York City.

    The 400,000-sq.-ft. project includes two 300-room hotels with meeting spaces, wellness facilities, multiple food and beverage outlets and retail space.

     

  • Lumber Liquidators opens 300th store

    Toano Va. – Lumber Liquidators has opened its 300th store. The store, located in Las Vegas, is the company’s third in Nevada and second in Las Vegas. It also features the retailer’s new “store of the future” format that offers an expanded store showroom of approximately 1,600 sq. ft., including a broader assortment of flooring options, moldings and accessories.

  • Longview Plaza acquired by Morris-Floyd Capital

    Fort Worth, Texas -- The 15.5-acre Longview Plaza power center has been acquired by Morris-Floyd Capital Partners. Located in Longview, Texas, the property is 100% leased.

    Anchors include Bed, Bath & Beyond, T.J. Maxx, Michael’s, Office Depot, Best Buy and Books-A-Million. Sperry Van Ness brokered the sale. Longview Plaza Ltd. was the seller.

     

  • CBL in partnership with Tesla Motors

    Chattanooga, Tenn. -- CBL & Associates Properties announced the launch of a partnership with Tesla Motors to install Tesla Supercharging stations at several CBL Malls across the country. Tesla is building a network of stations that will eventually enable Tesla owners to drive coast to coast in their electric vehicles.

  • The Terraces acquired by joint venture

    Washington, D.C. -- Combined Properties and its joint venture partner Saban Capital Group have acquired The Terraces, a 173,000-sq.-ft. community shopping center in Rancho Palos Verdes, a suburb of Los Angeles. Spread across three terraced levels, center retailers include Trader Joe’s, Marshalls, LA Fitness and Starlight Cinemas.

    The joint venture between Combined Properties and Saban Capital Group is assembling a $200 million portfolio of value-add retail centers in Southern California and the Washington, D.C., metro market.

     

  • Rosenfeld Realty Advisors to handle office and retail

    Boca Raton, Fla. -- Orin Rosenfeld has founded Rosenfeld Realty Advisors.

    As president of the new firm, Rosenfeld will draw on 18 years of commercial real estate experience with CBRE and NAI Merin Hunter Codman. The company will specialize in office and retail real estate and will represent both landlords and tenants across South Florida.

     

  • Dynamite enters New Jersey market

    Cherry Hill, N.J. -- Canadian apparel retailers Dynamite recently opened at Cherry Hill Mall. The 2,800-sq.-ft. store is one of the retailer’s first locations in the United States and it’s first in New Jersey. The fashion-forward retailer has more than 250 stores.

    Owned by Pennsylvania Real Estate Investment Trust, the 1,306,800-sq.-ft. mall is anchored by Nordstrom, Macy’s and J. C. Penney.

     

  • Natural Grocers opens in Tulsa

    Denver -- Natural Grocers by Vitamin Cottage said Thursday it is opening its second Oklahoma location – in Tulsa – on June 25. The newest store joins an existing location in Norman.

    The Tulsa Natural Grocers continues the organic supermarket’s commitment to the environment, incorporating green features such as energy-efficient motion light sensors, 100% post-consumer content tiles, high efficiency heat-exchange systems, polished concrete flooring and commercial-grade LED lights.

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