REAL ESTATE

Ashley Furniture absorbs former Wickes building

BY CSA STAFF

Palmdale, Calif. Hodgdon Group announced Wednesday that Ashley Furniture HomeStore has inked a lease to occupy the 42,000-sq.-ft. former Wickes Furniture Store building in the Sierra Commons shopping center, located in Palmdale, Calif.

The landlord is GRAE Ventures, LLC of Los Angeles.

Ashley Furniture HomeStore will join tenants Michaels, BevMo, Tuesday Morning and Applebee’s. The retailer said it plans to open on Oct. 2.  

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REAL ESTATE

NAI Global names exec

BY CSA STAFF

Princeton, N.J. NAI Global announced Monday that it has promoted Shawn Stumbaugh to executive VP, information systems and chief technology officer.

In his expanded role, Stumbaugh will be responsible for the strategic development and implementation of NAI Global’s information systems technology, as well as managing the operations of NAI’s Information Services Group.

Stumbaugh was previously senior VP, information services.

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REAL ESTATE

Sushi Awaji inks lease at Preston Park Village

BY CSA STAFF

Plano, Texas Jacksonville, Fla.-based Regency Centers said Monday it has leased space to Sushi Awaji in Preston Park Village shopping center, in Plano, Texas.

The sushi and Korean barbeque restaurant leased 2,695 sq. ft. and is slated to open in December.

The 268,391-sq.-ft. Preston Park Village is anchored by a Tom Thumb supermarket along with Chico’s, Williams-Sonoma, James Avery, Ann Taylor, Gap and Panera Bread.

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