Central Market to open at Preston Oaks center
Dallas — Fort Worth, Texas-based Trademark Property Co. announced the opening of Central Market’s first small prototype store at its Preston Oaks center. Located in the Preston Hollow neighborhood in Dallas, the 30,000 sq.-ft. store is the ninth location — the fifth in Dallas-Fort Worth — for the specialty grocer.
The agreement with H-E-B Central Market was originally announced by Trademark in May 2011 following strong interest from several potential tenants looking to move into the former Borders bookstore location.
The smaller neighborhood-friendly store design is new to the Central Market portfolio, coming in at half the size of its other locations. As with its previous eight stores, the company says the Preston Oaks location is designed especially for the neighborhood area it serves.
Opening in 1992, Preston Oaks was one of Trademark’s first re-developments.
Regency Centers completes first solar panel installation
Jacksonville, Fla. — Regency Centers has announced the installation of the company’s first solar energy system at the Shops at Saugus in Saugus, Mass. The 18,740-sq.-ft. photovoltaic array, built with 1,064 rooftop panels, will generate an estimated 250 KW of renewable energy annually. The zero-emission power source will supply nearly 65% of the power needed by the center’s grocer Trader Joe’s.
The Shops at Saugus, a 97,904-sq.-ft. neighborhood center in the Boston area, was selected for Regency’s initial solar panel installation based on federal and state incentives, including Massachusetts’ Solar Renewable Energy Credit program.
“This project is a win-win scenario for Regency, Trader Joe’s and the environment. The Saugus solar system allows Regency to generate income from an unused portion of the shopping center roof, while meeting a majority of the energy needs for Trader Joe’s,” said Scott Prigge, senior VP national property operations, Regency Centers.
The Saugus solar installation will serve as a model for Regency to provide other retailers with eco-friendly energy options in other centers, according to the company.
Tim Lukes with Edison Energy served as a consultant to assist Regency with the installation of the solar panel installation.
Regency’s sustainability program greengenuity utilizes best practices in green building design, construction, operations and maintenance to reduce long-term operating costs and environmental impact of shopping centers. Current initiatives include smart irrigation, networked lighting, LED parking lot lights and innovative stormwater management systems.
SRS Real Estate announces new hire
Dallas – SRS Real Estate Partners announced that Pierce Mayson has joined the company as a senior associate in the Atlanta office.
Prior to joining SRS, Mayson worked as a retail investment sales broker in Newmark Knight Frank’s southeast capital group.