REAL ESTATE

BurgerMonger to Northwood Commons in Clearwater, Fla.

BY Michael Fickes

Tampa, Fla. — BurgerMonger has taken a 2,700-sq.-ft. lease at Northwood Commons shopping center in Clearwater, Fla. This will be the restaurants fifth location, according to Florida Retail Partners, an X Team partner and co-broker representing BurgerMonger on the transaction. National Real Estate Ventures was the other co-broker.

When the new BurgerMonger opens in April, the fast casual restaurant will have four locations in the Tampa Bay metropolitan area and one in Willow Grove, Pa.

X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe.

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REAL ESTATE

Pottery Barn signs with Outlets at Tejon in Tejon Ranch, Calif.

BY Michael Fickes

Tejon Ranch, Calif. — Pottery Barn plans to open a new outlet store at The Outlets at Tejon. At 12,397-sq. ft., it will be the retailer’s ninth outlet store in the U.S. and its only current outlet store in California.

Currently under construction and slated to open in August 2014, The Outlets at Tejon is located on Interstate 5 between Los Angeles and Bakersfield, Calif.

Tejon Ranch Co. and The Rockefeller Group are developing the 320,000-sq.-ft. center. EWB Development LLC is handling leasing and marketing.

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Ramsey begins renovation of Las Vegas center

BY Michael Fickes

La Jolla, Calif. — Ramsey Real Estate Group has announced the commencement of a $600,000 renovation to Decatur Inn Plaza in Las Vegas. The renovation will include new storefronts, design elements, exterior finishes, building systems, landscaping and parking lot work. Vacant suites will receive vanilla shell treatments. Structural elements will be repaired and replaced. The renovations will also include rebuilding the property’s monument sign. Existing businesses will remain open during the renovation.

Ramsey Real Estate Group is a principal purchaser of storefront retail buildings, shopping centers, shop buildings, office buildings on retail streets, land for retail development and portfolios of similar property. Ramsey Real Estate Group acquires property in California, Nevada, Arizona, and Hawaii. The firm purchased the 12,000-sq.-ft. property in April 2012.

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