CBL announces Phase II construction start on The Forum at Grandview
Madison, Miss. — Chattanooga, Tenn.-based CBL & Associates Properties has announced the start of construction on Phase II of The Forum at Grandview, a community center in Madison, Miss.
The 83,000-sq.-ft. second phase will include anchors Ulta, Homegoods, Petco and a national arts and crafts retailer, along with 14,000 sq. ft. of specialty stores. The opening of phase II is scheduled for summer 2012.
Corner Bakery is also under construction on the periphery of the property with an opening date scheduled for December. The 110,000-sq.-ft. Phase I opened 100% leased in fall 2010 anchored by Best Buy, Dick’s Sporting Goods and Stein Mart.
The Forum at Grandview is situated on 54 acres along Interstate 55 adjacent to Malco Grandview Theater and Miskelly Furniture.
The project is a joint venture of CBL and The Mattiace Co., with CBL responsible for development and leasing.
Marcus & Millichap announces promotions
Palo Alto, Calif. — Marcus & Millichap Real Estate Investment Services said it has promoted Jeffrey J. “J.J.” Taughinbaugh to VP investments.
Taughinbaugh began his career with Marcus & Millichap in July 2004, specializing in the sale of retail properties. Most recently, he held the position of senior associate.
The company also announced that it has promoted Philip A. Saglimbeni to the position of VP investments.
Saglimbeni began his career with Marcus & Millichap in December 2006, specializing in the sale of multifamily properties. Most recently, he was associate VP investments.
Soca Clothing to open at Midtown Village
Tuscaloosa, Ala. — Dallas-based Cypress Equities said that local fashion boutique Soca Clothing will open a new store at Midtown Village, located in Tuscaloosa, Ala.
The new 1,400-sq.-ft. store is slated to open in September.
Midtown Village is a 350,000-sq.-ft. mixed-use community in the heart of Tuscaloosa featuring retail and restaurant space, as well as office suites.