REAL ESTATE

$6 million redevelopment brings Whole Foods to Greenway Town Center

BY Michael Fickes

Portland, Ore.Regency Centers Corp. has announced a $6 million redevelopment of Greenway Town Center, a 93,000-sq.-ft. neighborhood center in Tigard, Ore., a suburb of Portland. Among the center’s enhancements, Whole Foods Market will open a 37,500-sq.-ft. anchor store in 2014.

The redevelopment will include a new exterior façade with cedar wood accents, upgraded architectural components, parking lot improvements and new site lighting, landscaping and signage.

In addition, Regency’s greengenuity program to reduce the environmental impact of developing and operating shopping centers will incorporate a number of sustainable elements at the center: energy-efficient lighting, an upgraded storm water retention system and water-efficient landscaping.

Existing stores will remain open during the redevelopment, slated to begin in August.

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REAL ESTATE

CBRE brokers sale of Bryan Towne Center

BY Michael Fickes

Dallas — CBRE’s National Retail Investment Group arranged the sale of Bryan Towne Center to Lamar Cos. for an undisclosed amount. The 52,268-sq.-ft. retail center serves the Bryan-College Station metropolitan area in Texas.

Shadow-anchored by an adjacent Target store, the five-year-old center includes six acres of undeveloped land that can accommodate an additional 230,225-sq.-ft. of retail space, said CBRE.

The center is 66% occupied. Key tenants include Dollar Tree, Rack Room Shoes, Maurice’s and rue21.

Less than three miles from Texas A&M University, Bryan Towne Center fronts on Highway 6, which carries 90,000 vehicles past the center each day.

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REAL ESTATE

Royal Properties brings Heartland Brewery to historic train station

BY Michael Fickes

Port Chester, N.Y. — Royal Properties has leased 5,630 sq. ft. in the historic Port Chester, N.Y., train station to Heartland Brewery. According to Royal Properties, the lease will run for 20 years and offer a five-year option.

Heartland will open a food hall and beer garden restaurant in the station, which was constructed in 1890. To be called Port Chester Hall, the restaurant will feature a 3,600-sq.-ft. outdoor area with seating for 85.

Port Chester Hall will be Heartland’s first restaurant in Westchester County. The company owns and operates seven other restaurants, all in New York City. Heartland restaurants come in different packages. There is a chophouse, barbecue, rotisserie, burger joint, three brew pubs and now a food hall and beer garden. Each restaurant brews its own beer.

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