REAL ESTATE

Burger 21 opens first Virginia Restaurant

BY Michael Fickes

Tampa, Fla. — Burger 21, a new concept from The Melting Pot Restaurants, has announced the opening of its first restaurant in Virginia. To be located in Ashburn, the restaurant, which is approximately 3,200 sq. ft., will be one of four units planned for the Greater Washington, D.C., area.

Currently, Burger 21 has 11 restaurants open and 17 franchised locations in development across the U.S. Plans call for a minimum of 15 additional restaurants in the Greater Washington, D.C., area.

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REAL ESTATE

Mid-America arranges sale of two RPAI centers

BY Michael Fickes

Oakbrook Terrace, Ill. — Mid-America Real Estate Corp. has brokered the sale of two centers on behalf of Retail Properties of America.

First, Phillips Edison & Company purchased the 134,229-sq.-ft. Duck Creek Plaza in Bettendorf, Iowa, for $19.7 million. Schnucks and Marshalls anchor Duck Creek Plaza, and Home Depot serves as a shadow anchor. Mid-America Real Estate Corp. in cooperation with Mid-America Real Estate — Iowa LLC brokered the transaction exclusively on behalf of RPAI.

Mid-America also represented RPAI in the sale of the 70,747-sq.-ft. Paradise Shoppes of Warner Robins in Kathleen, Ga., for $10.6 million. The center’s anchor, Publix, was also the buyer. Mid-America in cooperation with The Shopping Center Group were the seller’s exclusive brokers in the transaction.

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REAL ESTATE

Mayfair in Commack, N.Y., signs two new tenants

BY Michael Fickes

North Plainfield, N.J. — Choice Pet Supply and H&R Block have signed long-term leases at the Mayfair Shopping Center in Commack, N.Y., according to Levin Management, Mayfair Shopping Center’s leasing representative.

Julius M. Feinblum Real Estate Inc. represented Choice Pet Supply, and Reinhardt, Becker, ford & Associates LLC represented H&R Block.

Anchored by a 60,000-sq.-ft. Waldbaum’s supermarket, Mayfair’s tenant lineup includes Gap/Gap Kids, Ann Taylor Loft, New York & Company, Justice, Jos. A. Bank, Stride Rite, Red Mango, Chico’s, Claire’s, GameStop, Verizon wireless, Rite Aid, Sherwin Williams, Cactus Beauty Salon, Capital One Bank and Outback Steakhouse. Current leasing opportunities include a 12,000-sq.-ft. space that can be sub-divided.

Mayfair serves a growing residential population of more than 204,500 people within a five-mile radius. The average annual household income exceeds $117,900, and the daily traffic count exceeds 27,000 vehicles.

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