REAL ESTATE

Alexander McQueen to open on Madison Avenue

BY Katherine Boccaccio

New York — SL Green Realty Corp. announced Wednesday that fashion retailer Alexander McQueen has signed a 15-year lease for a mid-block retail space at 747 Madison Avenue.

The tenant is expected to move into the space during third quarter 2013.

The retail co-op interest at 747 Madison is owned by a joint venture that includes SL Green, Jeff Sutton and Harel Insurance Co.

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REAL ESTATE

Blink Fitness, Hallmark open at College Plaza

BY Katherine Boccaccio

Selden, N.Y. — Brixmor Property Group said that Blink Fitness and LeMarc’s Hallmark Shop recently opened at College Plaza, located in Selden, N.Y.

Blink Fitness opened a 15,416-sq.-ft. facility and Hallmark opened in 4,044 sq. ft.

Brixmor, based in New York City, owns and operates College Plaza.

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News

Hunter Crossroads, Fort Worth, Texas

BY CSA STAFF

When an 180,000-sq.-ft. Walmart Supercenter opens at Hunter Crossroads this fall, it will mark the first major retail opening in the shopping center, which is part of a larger 160-acre planned mixed-use project.

Developed by Hunter Crossroads LP, the center is being leased by Transwestern, based in Dallas.

Construction on the new Walmart is more than halfway completed; expected opening date is September 2013 and the store will feature Walmart’s smaller, more efficient prototype in lieu of its more traditional 220,000-sq.-ft. layout.

In addition to the new Walmart, an adjacent 20,000-sq.-ft. retail development is expected to break ground in May. McDonald’s has committed to build a new restaurant at the property and other junior anchor retailers are currently negotiating for space, including quick-service restaurants, sit-down restaurants and convenience stores.


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