REAL ESTATE

  • Manhattan’s Herald Square to be transformed

    New York -- Herald Center, the giant 10-story, 250,000-sq.-ft. black glass retail and office property at the southwest corner of 34th Street and Broadway in Manhattan, is about to undergo a major transformation under long-time owner JEMB Realty. The property will be completely reclad to create a new leasing opportunity encompassing more than 50,000 sq. ft. of prime retail space at one of the most heavily trafficked, high-visibility corners in the world.

  • Venture reps 22,400 sq. ft. in retail leases in D-FW area

    Dallas/Fort Worth -- Venture Commercial said it has represented tenants Sola Salon Studios and Guitar Center in the completion of two D-FW leases, totaling 22,400 sq. ft. of space.

    Sola Salon Studios has opened a new 10,237-sq.-ft. studio in the Marketplace at Highland Village shopping center, the chain’s fifth location in Texas.

    Guitar Center leased 12,163 sq. ft. at Town East Crossing in Mesquite, Texas.

     

  • CenterMark to build first free-standing Dollar Tree in Cleveland

    Cleveland -- CenterMark Development has announced plans to build a 10,010-sq.-ft. Dollar Tree store in Cleveland, the first ground-up construction of a free-standing Dollar Tree store in the City of Cleveland.

    The project breaks ground in March with completion scheduled for August 2013. Construction financing was provided by PNC Bank. HCI is serving as general contractor.  

     

  • Aaron’s opens 32 stores

    Atlanta -- Aaron's, a lease-to-own, announced the recent opening of a combined 32 new company-operated and franchised stores in 17 different states and two Canadian provinces.

    The announcement follows a strong growth year for the company in 2012, which included the opening of its 2,000th store in the Bronx in September.

  • Dick’s Sporting Goods’ Field & Stream banner to debut in fall

    Pittsburgh -- Dick’s Sporting Goods will debut its Field & Stream concept this fall, opening the first store in Cranberry Township, Pa.

    Named for the iconic brand that for more than 140 years has been synonymous with outdoor experiences, the Field & Stream store will carry outdoor equipment, accessories and services in hunting, fishing, archery, camping and more, and provide an array of related in-store services.

  • Petco to open at Merchants Park

    Houston -- Brixmor Property Group said that Petco will open a new 12,150-sq.-ft. store at Merchants Park, in Houston.

    Brixmor, based in New York City, is the owner of Merchants Park.

     

  • U.S. Bank closes on $46 million loan for Pier Park North

    Panama City Beach, Fla. -- Columbus, Ohio-based Casto said that its JV partners The St. Joe Co. and Strategic Retail Advisors, along with U.S. Bank, have closed on a $46 million construction loan that will finance The Pier Park North Shopping Center, a 360,000-sq.-ft. shopping center in Panama City Beach, Fla.

  • University Commons breaks ground, Publix and Walmart to anchor

    Knoxville, Tenn. -- CHM announced that it has broken ground on Knoxville’s first urban, vertical retail complex, University Commons.

    The Publix- and Walmart-anchored shopping and dining center will cover 12+ acres, with 211,000 sq. ft. of retail space and parking. Besides the two anchors, an additional 40,000 sq. ft. will be dedicated to smaller retailers and service providers once the project is completed.

  • Three new tenants to open at Marlins Park

    Miami Beach, Fla. -- Terranova Corp. announced that three new tenants will open at Shops at Marlins Park, a retail area at the entrance of the new Marlins Park in Miami’s Little Havana neighborhood.

    Café Rubio Sports Bar & Restaurant, a Caribbean restaurant, has signed a 10-year, 3,200-sq.-ft. lease, with plans to open in mid-summer 2013. Subway has signed a 10-year lease for a 1,400-sq.-ft. restaurant also opening summer 2013.

    Cigar shop 100 Fires will open a 625-sq.-ft. store in winter 2014.

  • Sembler redeveloping Nokomis Village

    Nokomis, Fla. -- The Sembler Co. announced that it is redeveloping the Nokomis Village Shopping Center, anchored by Publix and located in Nokomis, Sarasota County, Fla.
     
    Publix will close on March 30, while other tenants including Anthony’s ladies apparel, Village Pharmacy, Ophelia’s Pasta restaurant, and Saltwater Café remain open during the construction of a new Publix store.

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