REAL ESTATE

  • Cole Real Estate executes 1.7 million sq. ft. in retail leases in 2012

    Phoenix -- Cole Real Estate Investments announced it executed leases totaling 1,658,000 sq. ft. at Cole-related properties throughout 2012.  

    The transactions included 390,000 sq. ft. of new leases and 1,268,000 sq. ft. of lease renewals, bringing Cole’s multi-tenant retail property occupancy rate to 97.7%.

  • Kohl’s and Whole Food Market to open at Southwind Plaza

    Hyannis, Mass. -- Boston-based The Wilder Cos. said Tuesday that, as part of its major remerchandising of Southwind Plaza shopping center in Hyannis, Mass., Kohl’s and Whole Foods Market will be opening new stores at the Cape Cod property.

    Kohl’s will begin construction of a nearly 55,000-sq.-ft. space in February with an opening planned for early October.  

    Also joining the center with its first Cape location is Whole Foods Market, which will open a 26,000-sq.-ft. store in early 2014.
         

  • CHUCKiES expands with new location on Upper East Side

    New York -- RKF said WeNew York -- RKF said Wednesday it has arranged a 1,200-sq.-ft. lease with shoe retailer CHUCKiES at 1052 Lexington Avenue on Manhattan’s Upper East Side.

    This will become CHUCKiES’ third location in Manhattan, all on the Upper East Side. The new store will sit between 74th and 75th Streets along the western side of Lexington Avenue.
     
    The new CHUCKiES will occupy 800 sq. ft. on ground floor of the building, as well as 400 sq. ft. of space in the basement.

  • SRS Real Estate negotiates two Miller’s Ale House leases

    New York -- SRS Real Estate Partners said Wednesday it has negotiated two leases on behalf of Miller’s Ale House. The first transaction is a ground lease located on 1.5 acres of land off of the Pennsylvania Turnpike in Willow Grove, Pa. The second lease is 9,200 sq. ft. located at the Bergen Towne Center in Paramus, N.J.

    Miller’s Ale House is a 60-unit restaurant chain headquartered in Jupiter, Fla.

     

  • Anytime Fitness opens at Bittersweet Plaza

    Mishawaka, Ind. -- Brixmor Property Group said that Anytime Fitness has opened a 4,200-sq.-ft. facility at Bittersweet Plaza, located in Mishawaka, Ind.

    Brixmor, based in New York City, is the owner of Bittersweet Plaza.
     

  • New retailers and restaurants to open at LaCenterra

    Katy, Texas -- Houston-based Vista Equities Group said that a lineup of new retailers and restaurants will open at its mixed-use development in Katy: LaCenterra at Cinco Ranch.
     
    Three new retailers opened for business in fourth quarter 2012, and six others have plans in place for first and second quarter openings this year. Lease locations include existing retail space in Phase I and in the new Phase II-A, currently under construction.
     

  • RKF completes retail leasing assignment at The Mark Hotel

    New York -- RKF said Tuesday it has completed the leasing assignment at the base of The Mark Hotel at 992-998 Madison Avenue on behalf of ownership Alexico Group.

    All of the hotel’s ground-floor retail space, which is located on Madison Avenue and 77th Street, is now leased.

    RKF was responsible for leases with Zadig et Voltaire, Jack Vartanian, Punto Ottico, Phoenix Roze and, more recently, 25 Park. These tenants joined Frederic Fekkai Salon, The Mark Restaurant by Jean-Georges, John Lobb and Sant Ambroeus at the property.

  • Saks to leave Dallas Galleria, Belk moving in

    New York City -- Saks Inc. announced Tuesday it will shutter its Saks Fifth Avenue store in the Dallas Galleria on June 15. The retailer has operated a store in Dallas since 1982, and the summer closing will leave some 120 associates with the choice of transfer or severance.

    Simultaneous with the Saks departure announcement was news from department store chain Belk that it will fill the vacated Galleria space with a $20-million, 170,000-sq.-ft. flagship store that starts construction in July and is slated to open spring 2014. 

  • Report: Barnes & Noble to trim store count over next decade

    New York -- Barnes & Noble is planning to shutter approximately one-third of its stores during the next 10 years, CEO Mitchell Klipper said in an interview with the Wall Street Journal. As of Jan. 23, the company operated 689 stores. (The company also operates a separate division of 674 college book stores.)

    “In 10 years we'll have 450 to 500 stores,” said Klipper in the interview, who noted that, even with the reduced store count, “it’s a good business model.”

  • American Eagle expanding into Mexico; six stores planned for 2013

    Pittsburgh -- American Eagle Outfitters announced plans to open a series of vertically owned and operated-stores in Mexico, with the first location set to open on February 20, 2013, in Mexico City.
       
    The store will be located in the Perisur’s shopping center, a mall located in the south part of Mexico City. Each AEO store will include an Aerie presence either in shop-in-shop or side-by-side form.

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