REAL ESTATE

BJ’s Restaurant and Brewhouse to open at South Hill Mall

BY Staff Writer

Puyallup, Wash. — Youngstown, Ohio-based Cafaro Co. announced that BJ’s Restaurant and Brewhouse will open a 9,200-sq.-ft. restaurant at South Hill Mall in Puyallup, Wash.

The new tenant is scheduled to open February 11, 2013, located between Red Robin and Olive Garden restaurants.

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REAL ESTATE

Charter Realty & Development to lease Oak Park Commons

BY CSA STAFF

South Plainfield, N.J. — Charter Realty said it has been selected to lease Oak Park Commons located in South Plainfield, N.J.

The single-story, 136,939-sq.-ft. community shopping center is anchored by A&P Supermarket in 60,025 sq. ft. and includes a mix of national, regional and local tenants.

Oak Park Commons is currently 76% occupied with 33,508 sq. ft. of available space.

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REAL ESTATE

WS Capital completes acquisition of Hilldale Shopping Center

BY CSA STAFF

Chestnut Hill, Mass. — WS Capital Partners, the institutional investment arm of WS Development, announced that it has completed the acquisition of Hilldale Shopping Center, a 474,000-sq.-ft. retail center located in Madison, Wis.

Anchored by Macy’s, Metcalfe’s Market, Sundance Cinemas and Target, Hilldale Shopping Center serves the entire Madison metropolitan area, including the nearby University of Wisconsin-Madison.

WSCP identified the off-market opportunity more than two years ago. It purchased the senior and junior non-performing loans on an all-cash basis in February, and successfully bid $52 million for both mortgages at a Sheriff’s sale in May. The bid was approved by the Dane County Court on June 4.

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