REAL ESTATE

  • Eataly to open in Chicago

    New York -- Macerich announced that Eataly, the largest artisanal Italian food and wine emporium in the world, has reached an agreement to open its second U.S. location, at The Shops at North Bridge near Michigan Avenue in Chicago.

    The new location, expected to open in September 2013, will be the concept's largest, at 60,000 sq. ft. Eataly opened its first U.S. store, in Manhattan, in 2010.
    Eataly is a collaboration among Joe Bastianich, Mario Batali, Lidia Bastianich and Oscar Farinetti, who founded Eataly in Turin, Italy, in 2007.

  • KeyPoint Partners to manage, lease Woburn Mall

    Burlington, Mass. -- KeyPoint Partners announced it has been awarded the property management and retail leasing contract for the Woburn Mall in Woburn, Mass.

    Real estate equity fund Multi-Employer Property Trust acquired the 276,200-sq.-ft. mall in September 2012. Tenants include TJ Maxx, HomeGoods, Sports Authority, DSW and CVS Pharmacy.

     

  • T.J Maxx, Ulta, Rue 21 and Charming Charlie to open at Shoppes at Fox River

    Milwaukee -- Opus Development Corp. announced the scheduled openings of T.J Maxx, Ulta Salon and Cosmetics, Rue 21 and Charming Charlie’s by Oct. 28 at the company’s Shoppes at Fox River development in Waukesha, Wis.

    Opus broke ground on the first development in Phase II of the Shoppes at Fox River in April 2012. The development includes more than 47,000 sq. ft. of retail space on six acres of land adjacent to the existing Phase I buildings, which opened in 2009 and include Target and Pick ‘n Save.

     

  • Alexis Bittar to open on Manhattan’s Upper West Side

    New York -- Prudential Douglas Elliman’s Retail Group said that jewelry designer Alexis Bittar will open a new store at 410 Columbus Avenue, between 79th and 80th Streets, in New York City. It is the designer’s fourth Manhattan store; the other three are on Madison Avenue, in Soho and in the West Village.

    With nine stores nationwide, including Los Angeles, San Francisco and Venice in California, Chicago, Manhattan and a brand new one in Greenwich, Conn., the brand is in expansion mode and currently planning possible Florida locations.

  • Party City, VisionWorks to open at Upland Square

    Conshohocken, Pa. -- Plymouth Meeting, Pa.-based Fameco Real Estate said that Party City and VisionWorks have signed leases at Upland Square, located in West Pottsgrove, Pa.
     
    Party City has signed a lease for 9,000 sq. ft. and VisionWorks has signed a lease for 3,825 sq. ft. These retailers will join anchors Target, Giant, Best Buy, LA Fitness, TJ Maxx and Bed, Bath & Beyond at the 600,000-sq.-ft. power center.

     

  • West Elm to launch new retail concept

    San Francisco -- Williams-Sonoma announced that its West Elm division will launch a neighborhood market format, called West Elm Market, on Oct. 25, in Brooklyn N.Y. The Brooklyn store will be followed by the opening of eight Market in-store shops in West Elm stores across the country.

  • Santa Fe Cattle Co. opens at Stirling Bossier Shopping Center

    Bossier City, La. -- Covington, La.-based Stirling Properties announced the opening of a new 7,918-sq.-ft. Santa Fe Cattle Co. restaurant at its Stirling Bossier Shopping Center property, located on Airline Drive in Bossier City.

    Headquartered in Baton Rouge, La., Santa Fe Cattle Co. operates 19 locations in six states, including four in Louisiana.

     

  • CBRE awarded leasing assignment for 6-property portfolio

    Los Angeles -- CBRE said it has been retained by Starwood Capital to work collaboratively with Starwood’s leasing team to lease six malls located in California, Florida, Illinois, Nebraska and Ohio.

    The new CBRE assignment followed Starwood Capital's recent acquisition of a 90% stake in seven U.S. malls.

    The properties include: Solano Mall in Fairfield, Calif.; Westland Mall in Miami; Chicago Ridge Mall in Chicago; Louis Joliet Mall in Chicago; Gateway Mall in Lincoln, Neb.; and Southpark Mall in Cleveland.

  • Charter Realty acquires Towers Plaza

    Melrose, Mass. -- Charter Realty and Development Corp. said it has acquired the 52,000-sq.-ft. Towers Plaza for $8.6 million.

    The neighborhood shopping center, located in Melrose, Mass., a suburb of Boston, was originally built in 1965 and later renovated and expanded. It is anchored by Johnnie’s Foodmaster Supermarket and Rite Aid.  

    Charter said it anticipates doing a façade renovation as well as upgrades to the common area. The work will commence this fall and continue in the spring.

     

  • CBL & Associates names leasing exec

    Chattanooga, Tenn. -- CBL & Associates Properties announced that Sally Cooney has joined the company as regional director of leasing, charged with overseeing the Cincinnati regional leasing team’s efforts and merchandising strategy.   

    Cooney most recently served as regional VP for General Growth Properties in its Atlanta regional office.

     

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