Content about Leasing

September 11, 2014

RKF has been selected as the exclusive retail leasing agent for The Factory, a one-million-square-foot, multi-tenant commercial building located in Long Island City, Queens. Situated in the Hunter’s Point section of Long Island City, the retail space at The Factory consists of 23,564-sq.-ft. on the ground floor and 21,854-sq.-ft. on the building’s lower level.

September 11, 2014

Vestar, a privately-held real estate company in the western U.S. that acquires and manages retail and entertainment destinations, has named Jenny Cushing as assistant VP of leasing. Cushing will be responsible for overseeing and growing the leasing efforts throughout Vestar’s California, Arizona & Nevada projects.

September 4, 2014

Stein Mart is set to join the tenant mix at Mayfair Shopping Center in Commack, New York, leasing 30,800 sq. ft., according to Levin Management, exclusive leasing and managing agent for the property.

August 28, 2014

Mid-America Asset Management recently secured new retail leases on behalf of two shopping centers in Chicago’s northwest suburbs. DSW Shoe Warehouse signed a lease for 23,773 sq. ft. at Village Square of Northbrook located at the southeast corner of Lake Cook Road and Skokie Boulevard in Northbrook, Ill.

August 21, 2014

RMC Property Group announced that Nicholas Roth has joined the company as VP leasing.

August 18, 2014

Cushman & Wakefield’s retail team in New Jersey has taken on three new leasing assignments, with projects spanning the Northern New Jersey market, in Morris, Essex and Hudson counties.

August 1, 2014

Dental practice Brighter Dental Care has leased 2,600 sq. ft. of the second floor at The Hills Village Center in Bedminster, New Jersey, according to Levin Management, exclusive leasing and managing agent for the 110,800-sq.-ft. center.

July 28, 2014

David E. Pratt has joined Trademark Property Co. as VP mall and lifestyle leasing.

July 22, 2014

Staples has leased a 14,000 sq. ft. space at North Village Shopping Center in North Brunswick, N.J. Levin Management, exclusive leasing and managing agent for the 132,000-sq.-ft. center, negotiated the lease.

July 17, 2014

Cullinan Properties, Ltd. has promoted Scott Bishop to VP of Asset Management, responsible for overseeing all aspects of property operations for the company, including supervision of both in-house personnel and third-party firms.

July 16, 2014

Empire State Realty Trust, Inc. (ESRT), a New York-based real estate investment trust, has completed the acquisition of the ground and operating leases at 112 West 34th Street and the ground lease at 1400 Broadway for a total of approximately $734 million in cash, common stock and operating partnership units.

July 9, 2014

Two long-term lease agreements totaling 6,600 sq. ft. bring retail occupancy to 100% at Bayshore Plaza in Barnegat, New Jersey, according to the 59,000-sq.-ft. property’s leasing and managing firm Levin Management.

July 2, 2014

Mid-America Asset Management Inc. has announced three new retail leases on behalf of two shopping centers in Chicago’s southwest suburbs.

July 2, 2014

Winick Realty Group has completed retail leasing for TF Cornerstone’s East Coast Development, a mixed-use project on the Long Island City Waterfront.

June 24, 2014

▲ Understand the assets covered by your leases: Taken together, leases are more than just one of a chain’s largest costs — they are the largest fixed expense, and they are fixed for the long term. As a rule, individual leases average seven to 10 years.

“Understanding that is critical,” said Michael P. Glimcher, chairman and CEO, Glimcher Realty Trust, Columbus, Ohio. “For a cost so large, you should have a strong knowledge about the assets covered by your leases.”

June 20, 2014

Chain Store Age magazine is accepting nominations for its first-ever “POWER BROKERS” list, which recognizes retail real estate brokers who have garnered a top-notch reputation based on tenant rosters, sales and leasing transactions in terms of dollar value and square footage, as well as for demonstrating a positive attitude, high energy, proven results, and in-depth knowledge of the industry.

June 19, 2014

Mid-America Asset Management Inc. has announced that the firm recently secured new retail leases on behalf of three shopping centers in Chicago’s northwest suburbs.

June 13, 2014

Studio Movie Grill has acquired two leases for a 51,935-sq.-ft. building at the Town Center of Colleyville in Colleyville, Texas, according to Venture Commercial, the broker on the lease sale and assignment transaction.

June 12, 2014

Mid-America Asset Management Inc. has secured four new retail leases on behalf of three lifestyle shopping centers in the Chicago metropolitan area. Mid-America represented the landlord in each transaction.

May 29, 2014

Skincare specialist Infinite Beauty has leased its first New York City location at 1031 Third Avenue and 61st Street, according to Faith Hope Consolo, chairman, and Joseph Aquino, executive VP of Douglas Elliman’s Retail Group, which represented both the landlord and tenant in the transaction.

May 22, 2014

KeyPoint Partners has added three new property management and leasing assignments to its portfolio.

May 16, 2014

Rice Management Co. has selected Trademark Property Co. to oversee asset and property management, leasing and repositioning of the village Arcade in the historic Rice Village district of Houston, Texas.

May 2, 2014

Mike George likes to say that his company is in the retail real estate information business. “Our clients buy, sell and lease retail real estate,” said George, principal and president of Oakbrook Terrace, Ill.- based Mid-America Real Estate Group. “Clients that buy and sell real estate rely on us for information that helps them make the best business decisions. When clients hire us to manage and lease shopping centers, they want our information-based decisions.”

May 1, 2014

Editor’s Note: The 25th annual survey of Fastest-Growing Managers surveys new domestic and international third-party management and leasing contracts obtained during the 2013 calendar year and ranks the top performers. As always, the measuring stick is square footage.

© 2014