REAL ESTATE

Charter Realty completes four leases at Springfield Plaza

BY Michael Fickes

Springfield, Mass. — Charter Realty has announced four leases totaling 59,030 sq. ft. in the Springfield Plaza Center in Springfield, Mass.

Planet Fitness will move into a 20,000-sq.-ft. facility currently under construction. Aaron’s Rentals has renewed its lease for 8,030 sq. ft. Rocky’s Ace Hardware has also renewed on 25,500 sq. ft. Finally, the 99 Restaurant has renewed a 5,500-sq.-ft. space.

K-Mart, Super Stop and Shop and TJMAXX anchor the 550,000-sq.-ft. Springfield Plaza Center.

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REAL ESTATE

Charlotte Russe to open at Moorestown Mall

BY Michael Fickes

Moorestown, N.J. — Charlotte Russe will join Moorestown Mall’s lineup this fall with a 5,000-sq.-ft. store located in the center of the mall. Over the next several months, Marc Vetri’s Osteria, Firebirds Wood Fired Grill, Corner Bakery and the Regal Premium Experience (RPX) Theater will open stores in the mall as well. Distrito by Jose Garces is set to join the mall in 2014.

These tenants will be part of a mall transportation being carried out by Pennsylvania Real Estate Investment Trust, which owns, manages and leases the one million-sq.-ft. Moorestown Mall.

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REAL ESTATE

RKF affiliates with U.K.-based consulting firm

BY Michael Fickes

New York — RKF has formed an affiliation with CWM Retail Property Advisors, LLP, a U.K.-based retail consulting firm.

Under the agreement, RKF has acquired CWM’s New York City office, whose current staff will join RKF. In addition, CWM and RKF have each committed to an exclusive relationship involving shared business referrals within the U.S. and the U.K.

Both companies will continue to own and operate their respective offices in both the U.S., and U.K. Headquartered in Manhattan, RKF has additional offices in Las Vegas, Los Angeles, Miami, Chicago, Northern New Jersey and San Francisco.

“Our U.S.-based retail tenants and investors will immediately gain access to the European markets via the CWM Platform; CWM, in turn, will introduce their European-based retail tenants and investors to the U.S. market through our vibrant national platform here,” said RKF Chairman and CEO Robert Futterman.

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