REAL ESTATE

Bayer Properties names acquisitions exec

BY Staff Writer

Birmingham, Ala. — Bayer Properties announced that Jay Wiseman has been named VP of acquisitions for the company.

Wiseman was previously with CBL & Associates Properties, Chattanooga, Tenn., where his responsibilities included acquisition of malls, strip centers and office buildings nationwide. He also sourced international investments and established investment platforms in Brazil and China.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

Cole Real Estate executes 640,000 sq. ft. in retail leases last year

BY Katherine Boccaccio

Phoenix — Cole Real Estate Investments announced that it signed leases totaling nearly 640,000 sq. ft. at Cole-related retail properties during 2011.

Cole secured approximately 308,000 sq. ft. of new leases, along with 330,000 sq. ft. of renewals, bringing the occupancy rate for its portfolio of properties to 97.8%.

Notable new leases include Bally’s for 39,400 sq. ft. at a former Circuit City in Aurora, Colo.; Ross Dress for Less for 28,000 sq. ft. in Fairview Heights, Ill.; JoAnn Fabric and Crafts for 25,000 sq. ft. at a former Borders in Reading, Pa.; Pier 1 Imports for 8,300 sq. ft. at Nature Coast Commons in Spring Hill, Fla.; and both a Five Below for 8,400 sq. ft. and an Hhgregg for 23,500 sq. ft. at Lincoln Place in Fairview Heights, Ill.

Among the key renewal leases for the year, according to Cole, were Bed Bath & Beyond (36,500 sq. ft.), Marshalls (29,900 sq. ft.), OfficeMax (23,000 sq. ft.), Old Navy (15,000 sq. ft.), Petco (15,000 sq. ft.) and Family Dollar (8,000 sq. ft.).

“Our continued leasing success is an indicator of economic recovery,” said Brett Sheets, senior VP leasing at Cole, “and a reflection of both the high-quality properties throughout our portfolio and the work our entire leasing team brings to each transaction.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

Metro Commercial announces new hire

BY Staff Writer

Mount Laurel, N.J. — Metro Commercial Real Estate announced that Jonathan Klear has joined its full-service brokerage team.

Klear most recently worked for NAI Mertz.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...