REAL ESTATE

  • Cellairis opens first in-line store location

    Atlanta -- Wireless accessory retailer Cellairis said Tuesday it has opened its first in-line store at North Point Mall in Alpharetta, Ga.

    Operating over 700 kiosks in malls across the country, the company is launching this new model in order to provide consumers with a more robust retail experience, it said.

    The opening is the first in a company-wide initiative to implement a new store design, which features multimedia displays.

     

  • lululemon athletica to open pop-up on Upper East Side

    New York -- Canadian yoga apparel retailer lululemon athletica will open a four-month pop-up location on Third Ave., between 66th and 67th Streets in Manhattan, according to Douglas Elliman's Retail Group.
     
    The former site of a Uniqlo pop-up shop, the space is on a block-front shared by Thierry Rabotin, Bare Escentuals, Caché, Canyon Beachwear and Arden B.

    The retailer’s flagship, located across the street from the pop-up site, is currently being renovated, and the temporary location will ensure a continued presence.

  • Glimcher acquires University Park Village for $105 million

    Fort Worth, Texas -- Columbus, Ohio-based Glimcher Realty Trust announced Monday the acquisition of University Park Village, an open-air center located in Fort Worth, Texas.

    The 173,220-sq.-ft. center is 97% occupied, generates sales of more than $800/sq. ft., and is tenanted by Apple, Anthropologie, J. Crew, Lululemon Athletica and Madewell, among others.

    Glimcher purchased University Park Village for $105 million.

  • Party City to open at North Dover shopping center

    Dover, Del. -- Brixmor Property Group said that Party City will open a 12,000-sq.-ft. store at North Dover Shopping Center, located in Dover, Del.

    Brixmor, based in New York City, is the owner of the shopping center.

     

  • Jones Lang LaSalle names COO, announces retail leadership

    Atlanta -- Jones Lang LaSalle announced Monday that it has promoted Kristin Mueller to COO.

    The firm also announced the establishment of new leadership roles, including the promotion of John Bemis and Geno Coradini to Retail Market Lead in Atlanta/Southeast and Dallas/Southwest, respectively.

  • Japanese Haute Cuisine opening in Nolita

    New York -- Douglas Elliman's Retail Group said Monday it has arranged a lease at 55 Spring Street, between Lafayette and Mulberry Streets, for Eight Turn Crepe, a Japanese-based restaurant chain.

    The opening marks the quick-serve chain’s U.S. debut.
     
    The space was previously occupied by Choco Bolo.

     

  • Inland Diversified announces JV acquisition of Vegas portfolio

    Oak Brook, Ill. -- Inland Diversified Real Estate Trust announced Monday the acquisition of a majority interest a portfolio of six grocery/home-improvement-anchored retail properties located in Las Vegas.

    The properties were acquired in a joint venture between a subsidiary of Inland Diversified and affiliates of the seller Territory Inc.; the joint venture valued the portfolio at about $296 million.

  • Sembler launches new website

    St. Petersburg, Fla. -- The Sembler Co. announced Monday that, in celebration of the firm’s 50th anniversary, it has launched a new website, Sembler.com.

    This is the second major revision to the website since the initial launch in 2002. With technology and social media changes, the new site enables better interaction among The Sembler Co., its clients, vendors, and associates.

  • Eisenhower Square sees tenant additions

    Savannah, Ga. -- Brixmor Property Group announced the recent openings of a 34,103-sq.-ft. Save-A-Lot and a 1,000-sq.-ft. Maison De Macarons at Eisenhower Square, located in Savannah, Ga.

    Also, a lease has been executed for an 8,640-sq.-ft. Generation One, a hospital-based, senior-related healthy aging program.

    Brixmor, based in New York City, is the owner of Eisenhower Square.

     

  • Accruent acquires Expesite

    Austin, Texas -- Accruent, a leading provider of real estate and facilities software, announced that it has acquired Expesite, Columbus, Ohio, a provides a suite of SaaS solutions highlighted by VisionPM, its design and construction project management product.

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