REAL ESTATE

A&G Realty brings in senior managing director

BY Michael Fickes

Melville, N.Y. — Mike Matlat has joined A&G Realty Partners as senior managing director in the Melville, N.Y., office. Matlat comes to A&G from DJM Realty, bringing 20 years of real estate expertise in managing special non-retail projects.

In his new role, Matlat will expand A&G’s real estate advisory services into the hospitality, industrial and residential sectors. He has achieved more than $500 million in sales of warehouse, industrial, hospitality and residential space.

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REAL ESTATE

Cole acquires part of Evergreen Marketplace

BY Michael Fickes

Evergreen Park, Ill. — Cole Real Estate Investments has acquired a 49,225-sq.-ft. portion of the 450,000-sq.-ft. Evergreen Marketplace in Evergreen Park, Ill., for $9.9 million. Mid-America Real Estate Corporation represented the seller, Sterling Bay Companies.

The center is located just north of the northwest corner of Western Avenue & 95th Street in the near Chicago suburb of Evergreen Park. Meijer, Menards, Michaels and Ross Dress for Less. Cole purchased the portion featuring Michaels and Ross.

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REAL ESTATE

99 Cents Only opens in Garden Grove, Calif.

BY Michael Fickes

City of Commerce, Calif. — 99 Cents Only Stores will open a 15,635-sq.-ft. store in Garden Grove, Calif., on Sept. 19.

As part of the grand opening, the first nine customers may buy a 40-inch Westinghouse flat-screen TV for 99 cents. The chain currently operates 326 across the southwest.

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