REAL ESTATE

Apple opens first South America store

BY Dan Berthiaume

Cupertino, Calif. – Apple opened its first South American store in Rio de Janeiro, Brazil on Feb. 15. Brazil is a leading global market for smartphones and media reports indicate more than 1,700 customers attended the opening of the store.

The new Apple store is located in the VillageMall upscale shopping center in the Rio de Janeiro borough of Barra da Tijuca. The store has a single floor, pavilion-style design with a curved glass exterior. The layout is split concept with one half of the store dedicated to product demo and the other half to sales and services. Apple already operates a Brazilian iTunes store.

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Lexy takes larger space at Moreno Valley, Calif., center

BY Michael Fickes

Syracuse, N.Y. — Junior fashion retailer, Lexy, has expanded into a new 3,098-sq.-ft. store at Moreno Valley Mall in Moreno Valley, Calif. The new store opened on Feb. 14.

Managed by Spinoso Real Estate Group, the center is home to 130 stores and restaurants including a number of new arrivals. Crunch Fitness recently moved into a 20,000-sq.-ft space. Junior fashion retailer, Image, opened in December 2013.

Other names in the lineup include Harkins Theatres, round1, Victoria’s Secret, Zales, Aeropostale, Express, Footlocker, Forever 21, Hollister, The Children’s Place and New York & Co.

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BurgerMonger to Northwood Commons in Clearwater, Fla.

BY Michael Fickes

Tampa, Fla. — BurgerMonger has taken a 2,700-sq.-ft. lease at Northwood Commons shopping center in Clearwater, Fla. This will be the restaurants fifth location, according to Florida Retail Partners, an X Team partner and co-broker representing BurgerMonger on the transaction. National Real Estate Ventures was the other co-broker.

When the new BurgerMonger opens in April, the fast casual restaurant will have four locations in the Tampa Bay metropolitan area and one in Willow Grove, Pa.

X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe.

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