REAL ESTATE

Anthropologie to open in Old Town property

BY Staff Writer

Alexandria, Va. — Douglas Development announced that Anthropologie has signed a lease for 10,500 sq. ft. in the newly acquired Douglas Development property at 610-12 King Street in Old Town, Alexandria, Va.

Anthropologie will move into the former Hallmark store by the end of this year.

The recently acquired King Street property is one of nine properties that Douglas Development owns in Old Town, totaling over 60,000 sq. ft. of retail space. Current retail tenants include BGR: The Burger Joint, Cosi, Urban Angler, Circe Salon & Day Spa and, now, Anthropologie.

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REAL ESTATE

Gordmans opens at Westridge Court

BY Staff Writer

Naperville, Ill. — Centro Properties Group US announced that Gordmans opened a 50,000-sq.-ft. store at Westridge Court, located in Naperville, Ill.

The new discount store opened on July 29, joining recently opened retailers Savers thrift store (38,490 sq. ft.) and Dots (4,466 sq. ft.).

Westridge Court is owned by New York City-based Centro.

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REAL ESTATE

Storrs Center breaks ground

BY Staff Writer

Mansfield, Conn. — Westport, Conn.-based Charter Realty & Development Corp. said that ground was broken on Storrs Center, a new mixed-use town center to be located adjacent to the University of Connecticut in Mansfield.

At completion, the project will include approximately 200,000 sq. ft. of retail space, 700 residential units, and significant open space.

Initial retailers will include the UConn Co-op, Moe’s Southwest Grill, Subway, Cosimos Pizza and others. The first phase of the project is expected to open in the fall of 2012, with a second phase following approximately one year later.

The housing at Storrs Center is expected to meet the demand for downtown living in a college atmosphere. It will appeal to the general public as well as the University’s graduate students, faculty, staff and alumni.

Storrs Center is a public/private partnership of the Mansfield Downtown Partnership, master developer LeylandAlliance, LLC, and Education Realty Trust. Charter Realty & Development is the commercial leasing agency for the project.

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