REAL ESTATE

Build-a-Bear Workshop expands to Turkey

BY Dan Berthiaume

St. Louis – Build-A-Bear Workshop has reached an agreement with Horizon Toy Company of Turkey as a new international franchisee. The first Build-A-Bear Workshop store in Turkey is expected to open in Mall of Istanbul in June 2014.

With the store opening in Turkey, Build-A-Bear Workshop will now operate in 15 countries through franchisees. Those countries include Australia, Bahrain, Denmark, Germany, Japan, Kuwait, Mexico, Norway, Oman, Singapore, South Africa, Sweden, Thailand and United Arab Emirates.

“We will continue to expand the Build-A-Bear brand globally and are eager to introduce our concept to Turkey,” said CEO Sharon John. “Our international growth demonstrates the expandability of the brand across cultures and geographies. We are excited about our relationship with Horizon Toy Company and look forward to working with these highly experienced franchisee partners.”

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REAL ESTATE

Vestar appoints Clint Marchuk VP of acquisitions

BY Michael Fickes

Phoenix — Vestar has appointed Clint Marchuk VP of acquisitions. His responsibilities include identifying, evaluating and carrying out shopping center acquisitions in Arizona, Utah, Colorado, New Mexico and Texas.

Prior to joining Vestar, Marchuk spent seven years acquiring shopping centers for both publicly traded and non-traded REITs sponsored by Cole Real Estate Investments/American Realty Capital Properties. @While at Cole/ARCP, he was actively involved in the acquisition of more than $2 billion in commercial real estate located throughout the Southwestern and Southeastern United States.

Vestar is a privately held real estate company in the Western United States. The company specializes in acquiring, managing and developing commercial real estate, including entertainment-retail complexes, power and lifestyle centers and neighborhood centers that serve as community shopping destinations with a unique sense of place.

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REAL ESTATE

Casto to lease retail space at The View on Fifth

BY Michael Fickes

Columbus, Ohio — State Street Capital Realty, an independent brokerage of Casto, has announced its recent listing for the retail portion of The View on Fifth in the Grandview area of Columbus, Ohio.

Under development by JSDI Celmark, Ltd., The View on Fifth is a mixed-use six-story project that will include 25,000 sq. ft. of retail shops and restaurants, a freestanding six-story parking garage and 285 luxury apartment residences — with one-to-four bedrooms.

Residential amenities designed for empty nesters and Millennials will include community spaces, a 24/7 fitness facility, meeting rooms and gathering areas and an all-weather outdoor deck with a swimming pool and hot tub, fire pits, grills, seating and dining areas.

Construction has commenced for The View on Fifth. The retail shops will come available for occupancy in time to open to the public in July 2015.

JSDI Celmark is a joint venture between the development companies of two Central Ohio developers, Jerry Solove and Mike Balakrishnan.

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