REAL ESTATE

  • CBRE brokers sale of Bryan Towne Center

    Dallas -- CBRE’s National Retail Investment Group arranged the sale of Bryan Towne Center to Lamar Cos. for an undisclosed amount. The 52,268-sq.-ft. retail center serves the Bryan-College Station metropolitan area in Texas.

    Shadow-anchored by an adjacent Target store, the five-year-old center includes six acres of undeveloped land that can accommodate an additional 230,225-sq.-ft. of retail space, said CBRE.

    The center is 66% occupied. Key tenants include Dollar Tree, Rack Room Shoes, Maurice’s and rue21.

  • Phillips Edison-ARC names CFO

    Cincinnati -- Devin I. Murphy has joined Phillips Edison-ARC Shopping Center REIT Inc. (www.phillipsedison-arc.com) as CFO, treasurer and secretary.

    “With over 25 years of experience in the real estate investment industry, including executive leadership positions with Morgan Stanley and Deutsche Bank Securities Inc., Devin brings significant experience to the company,” said Jeffrey Edison, co-chairman of the board and CEO.

  • Cabela’s to enter New York and Massachusetts

    Sidney, Neb. -- Cabela’s Inc. continues to expand East with plans to open its stores in the states of New York and Massachusetts.

    The hunting, fishing, camping and related outdoor merchandise retailer will open an 88,000-sq.-ft. store in the Buffalo suburb of Cheektowaga, N.Y., in fall 2014, and a similarly sized one in the Boston suburb of Berlin, in spring 2015. The exteriors of both locations will reflect Cabela’s signature log construction, stonework, wood siding, metal roofing and a large glass storefront.

  • Royal Properties brings Heartland Brewery to historic train station

    Port Chester, N.Y. -- Royal Properties has leased 5,630 sq. ft. in the historic Port Chester, N.Y., train station to Heartland Brewery. According to Royal Properties, the lease will run for 20 years and offer a five-year option.

    Heartland will open a food hall and beer garden restaurant in the station, which was constructed in 1890. To be called Port Chester Hall, the restaurant will feature a 3,600-sq.-ft. outdoor area with seating for 85.

  • WindStar takes Papa Murphy’s to Lamar Crossing

    Arlington, Texas -- Papa Murphy’s has leased a 1,340-sq.-ft. space at Lamar Crossing Shopping Center in Arlington, Texas, according to WindStar Properties.

    The Take ‘N’ Bake pizza shop, which prepares fresh pizzas for customers to bake at home, has 1,350 shops in 38 states and ranks as the fifth largest pizza company in the United States.

     

  • Dick’s Sporting Goods opens Petaluma store

    Pittsburgh – Dick’s Sporting Goods is opening a new store in Petaluma, Calif., with a three-day grand opening weekend celebration beginning Friday, June 7. The location be the retailer's 28th store in the state of California and its 523rd nationwide.

    "We're pleased to be opening a new Dick’s Sporting Goods store in Petaluma, which will enable us to better serve the needs of athletes in the community," said Lauren Hobart , chief marketing officer, Dick’s Sporting Goods..

     

  • SoHo mixed-use building sold for $48.5 million

    New York -- RKF said it has arranged the sale of an 18,850-sq.-ft. mixed-use building located at 138 Spring St. in Manhattan's SoHo district.

    The building encompasses 2,000 sq. ft. on the ground floor and 2,600 sq. ft. on the lower level, all occupied by high-end eyewear retailer ILORI. The balance consists of 14,250 sq. ft. of full-floor commercial loft space.

  • Dick’s Sporting Goods holds grand opening at Alliance Town Center

    Fort Worth, Texas -- Dick’s Sporting Goods is now open at Alliance Town Center in North Fort Worth, Texas. During the May 31 through June 2 grand opening ceremonies for the 50,000-sq.-ft. Phase II anchor, co-developer Trademark Property Co., announced plans to add 237,000-sq.-ft. of retail and restaurant space to the center.

    “With Dick’s opening, we are well positioned to complete the current phase and proceed with our main-street lifestyle expansion,” said Trademark CEO Terry Montesi.

  • Joint real estate equity fund acquires Wisconsin power center: Plaza 173

    Brookfield, Wis. -- A joint real estate fund formed by Innovative Capital Advisors and HSA Commercial Real Estate recently purchased the 92,000-sq.-ft. Plaza 173 power center in Brookfield, Wis., in a competitive auction.

    Tenants include Dunham’s Sports, Men’s Wearhouse, Famous Footwear and Kessler Jewelers.

  • Stirling Properties and JCH Development to develop Magnolia Marketplace

    New Orleans -- Stirling Properties and JCH Development have announced a joint venture to develop the first 6,000-sq. ft. building of Magnolia Marketplace Shopping Center in New Orleans at the intersection of South Claiborne Avenue and Fourth Street. A second phase of the development will commence this fall at South Claiborne and Toledano.

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