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REAL ESTATE

  • Sembler portfolio adds 900,000 sq. ft. in 2013 first half

    St. Petersburg, Fla. -- The Sembler Co. has added nearly 900,000 sq. ft. to its portfolio of third-party management and leasing assignments through the end of the year’s second quarter.

    New assignments include co-managing 672,259 sq. ft. of retail properties across Florida and Georgia with Community Reinvestment Partners II. Sembler will handle leasing for most of the properties.

  • Johnny Rockets acquired by Sun Capital

    New York -- Johnny Rockets has been acquired by an affiliate of private-equity group Sun Capital Partners Inc. Terms of the deal were not disclosed.

    Johnny Rockets operates about 300 corporate and franchise-owned hamburger restaurants in 30 states and 16 countries, including 17 Six Flags amusement park locations and 11 Royal Caribbean cruise ships.

  • Cypress Equities acquires regional center in Portland

    Dallas -- Cypress Equities Real Estate Investment Management has announced the acquisition of Lloyd Center in Portland, Ore. The enclosed, three-level 1,478,000-sq.-ft. regional shopping center is located near downtown close to the Convention Center, Rose Garden Arena and Memorial Coliseum.

  • Nordstrom Rack in Long Beach City Place to close

    Long Beach, Calif. -- Nordstrom announced plans to close its Long Beach City Place Nordstrom Rack store in Long Beach, Calif. Originally opened in August 2002, the 33,000-sq.-ft. store will close to the public in late January 2014.

    The company will continue to serve customers at three nearby Nordstrom Rack locations in Lakewood, South Bay and Edinger.

  • Solar-powered Eco Gym to Chicago’s North Shore

    Glenview, Ill. -- Eco Gym will open an 8,300-sq.-ft. solar- and human-powered health club at Glenbrook Market Place in Glenview, Ill., a North Shore suburb of Chicago, according to Mid-America Asset Management Inc., the landlord’s representative.

    The fitness center, Eco Gym’s second, will use a combination of human kinetic power and solar power to generate electricity for its equipment. As members use the equipment, they generate more power to the central power grid, which lowers monthly dues.

     

  • UCR announces three new leases

    Houston -- United Commercial Realty Houston has announced three new leases for Houston-area centers:

    • Goody Goody Liquor will open a third Houston-area location at Copperfield Village Shopping Center this fall.
    • Pink’s Pizza has signed a deal for its fifth area location at the Cougar Den Plaza adjacent to the University of Houston’s central campus.
    • Affinity Veterinary will open a clinic at a center located at 19450 Katy Freeway in Houston.
  • SoulCycle inks lease at expanding Long Island center

    Woodbury, N.Y. -- SoulCycle has taken 3,000 sq. ft. of new space at the expanding Woodbury Common Shopping Center in Woodbury on Long Island, said Charter Realty & Development Corp., who represented SoulCycle.

    Owned and managed by Kabro Associates, the 85,000-sq.-ft. Woodbury Common is undergoing a 30,000-sq.-ft. expansion that will add parking, amenities and new facades.

    Fresh Market will take 20,000 sq. ft. of the new space.

     

  • Sears Canada executes landlord transactions on two stores

    Toronto -- Sears Canada Inc. will enter into a series of transactions related to two stores within shopping centers co-owned by Oxford Properties Group and Alberta Investment Management Corporation that give the co-owners the right to require Sears Canada to vacate the properties by March 2014. The transactions, valued at $191 million, affect stores at the Yorkdale Shopping Centre in Toronto and at Square One Shopping Centre in Mississauga.

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