Century 21 to anchor The Gallery in Philadelphia
Philadelphia — Century 21 has signed into The Gallery in Center City Philadelphia. It is the iconic fashion retailer’s first location outside of the New York market, according to the Pennsylvania Real Estate Investment Trust, the owner and manager of The Gallery.
"With this transaction, our vision to create Philadelphia’s only transit-oriented, retail anchored multi-use property offering accessible luxury retailing and artisan food experiences is becoming a reality," said Joseph F. Coradino, CEO of PREIT. "Century 21 is the ideal brand to change the retail landscape of this city and attract new shoppers to the Market East corridor and more exceptional first-to-region retailers to the project."
Redevelopment begins in Miami Gardens
Miami Gardens, Fla. — Demolition has begun at Palmetto Gardens Plaza, a 7.1-acre shopping center site in Miami Gardens, Fla. The site is being prepared for the development of a 63,000-sq.-ft. shopping center that will include a 41,000-sq.-ft. Wal-Mart Neighborhood Market and an additional inline and outparcel space of 20,000 sq. ft. — now available for lease.
Formed in 2003, Palmetto Gardens Plaza is a joint venture between DZD Palmetto, a division of DZD Holdings, and Ver-Mac Properties 8. The principals of DZD Holdings joined forces with Ver-Mac Properties 8 to redevelop the seven-acre commercial property.
Applebee’s acquires pad in Richardson, Texas
Dallas — Applebee’s has purchased a one-acre pad in Richardson, Texas, from Leon Capital Group. Venture Commercial Real Estate represented Applebee’s in the transaction.
Venture Commercial’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition and income property sales. As the D-FW partner of X Team International, Venture is able to serve its clients on a national scale.