REAL ESTATE

Athleta makes Philadelphia-area debut

BY Staff Writer

Philadelphia — Metro Commercial Real Estate said that Athleta has opened its first store in the Philadelphia area at 1722 Walnut Street in the heart of Center City.

The 4,000-sq.-ft. store, which is a division of Gap Inc., opened on Nov. 9. Kaiserman Cos. is the landlord of 1722 Walnut Street, a strip of high-end retail along Philadelphia’s Rittenhouse Row.

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REAL ESTATE

Fashion to Figure is opens at Cherry Hill Mall

BY Staff Writer

Cherry Hill, N.J. — Philadelphia-based Pennsylvania Real Estate Investment Trust said that plus-size fashion retailer Fashion to Figure has opened a 2,719-sq-ft. store at Cherry Hill Mall, in Cherry Hill, N.J.

The new store is located on the Upper Level near J.C. Penney.

In 2011, Cherry Hill Mall has also welcomed Bobby’s Burger Palace, Michael Kors, Clarks, Hugo Boss, Lids Locker Room, Lush, Pure Health Bar, Red Mango, Traffic, True Religion, and Zumiez. The store openings are part of the mall’s $200 million complete renaissance.

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Present Value Properties negotiates six Menchie’s leases in California

BY Staff Writer

Tustin, Calif. — Present Value Properties said it has represented Menchie’s in six California lease transactions for the frozen yogurt purveyor.

A Menchie’s franchisee signed a five-year lease for 1,637 sq. ft. in Orange, in a center anchored by Petco and Michaels. Menchie’s will open in first quarter 2012.

In Whittier, Menchie’s will open a 1,250-sq.-ft. shop at Santa Fe Springs Plaza in early 2012. The center is anchored by Food For Less, and is currently undergoing a remodel.

In Torrance, Menchie’s will open a 1,572-sq.-ft. shop in late November at Rolling Hills Plaza, a 400,000-sq.-ft. community center anchored by Whole Foods, Bed Bath & Beyond, BevMo!, Trader Joe’s and AMC Theatres.

In Downey, Menchie’s opened a 1,500-sq.-ft. shop at Downey Landing, a 376,000-sq.-ft. community center anchored by Ross, Marshalls, Best Buy, Old Navy, Staples, Bed Bath & Beyond, DSW, CVS, Elephant Bar, and Chili’s.

In El Cajon, Menchie’s opened a 1,582-sq.-ft. location in a freestanding building at 1170 E. Main Street. And in Brentwood, Menchie’s will open a 1,500-sq.-ft. shop at Sand Creek Crossing in early 2012.

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