Insights

Blink Fitness jogs into Clifton, N.J., center

BY Michael Fickes

Clifton, N.J. — Blink Fitness has leased a 15,000-sq.-ft. location at the 80,000-sq.-ft. Clifton Plaza shopping center in Clifton, N.J., according to Levin Management (www.levinmgt.com), the property’s managing and leasing agent.

Co-anchored by a 24,000-sq.-ft. Big Lots and a 14,000-sq.-ft. Dollar Tree, Clifton Plaza’s tenant roster includes GameStop, Radio Shack, Angel Tip Nails & Spa, Bruno’s Pizza, Sally Beauty Supply and Valley National Bank.

The center serves a growing residential population of more than 619,000 people within a five-mile radius. Average household income is more than $79,800, and the daily traffic count exceeds 70,000 vehicles.

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Studio Movie Grill to open at Town Center Colleyville

BY Michael Fickes

Dallas, Texas — Studio Movie Grill has acquired two leases for a 51,935-sq.-ft. building at the Town Center of Colleyville in Colleyville, Texas, according to Venture Commercial, the broker on the lease sale and assignment transaction.

Following extensive renovations to the former Colleyville Cinema, the new Studio Movie Grill plans to open in late May.

Venture Commercial provides leasing and property management for the 258,000-sq.-ft. center, which is owned by an investment partnership formed by Velocis Partners.

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Forever 21 to open at new NYC enclosed fashion mall

BY Michael Fickes

New York City — Forever 21 has taken space at the Mall at Bay Plaza, which is scheduled to open on August 14. The new store will span about 15,000 sq. ft.

A new 166,000-sq.-ft. Macy’s and an existing 150,000-sq.-ft. J.C. Penney will anchor the new mall. Forever 21 will join more than 100 retailers at Bay Plaza, including Kay Jewelers, Victoria Secret, H&M and Michael Kors.

The mall will be first enclosed fashion mall built in New York City in more than 40 years. During the mall’s development, Prestige Properties created more than 2,000 construction jobs. When the mall opens, it will create more than 1,700 permanent jobs.

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