REAL ESTATE

Chipotle to Ohio Valley Mall in St. Clairsville, Ohio

BY Michael Fickes

Youngstown, Ohio — Chipotle Mexican Grill will debut at the Ohio Valley Mall in St. Clairsville, Ohio, in November. It will be the first Chipotle in the Ohio Valley region. The restaurant’s 2,195-sq.-ft. space is in a building currently undergoing renovation. Two other new merchants, to be announced in the near future, will join Chipotle in the building.

Cafaro affiliated companies own and manage the recently renovated Ohio Valley Mall.

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REAL ESTATE

Dear Rivington re-los to Manhattan’s NoHo district

BY Michael Fickes

New York — Dear Rivington, a designer fashion boutique selling clothing, eyewear, pottery and jewelry, has signed a lease to relocate to a new location in the NoHo district of Manhattan’s Lower East Side. The 3,300-sq.-ft. store features 2,000 sq. ft. of ground floor space with high ceilings and a skylight. The 1,300-sq.-ft. lower level has also been fitted out for retail and not just storage.

The distinctive storefront features oversized barn style doors that give the store a private feel.

Winick Realty Group represented Dear Rivington, which plans to open in October. Daizy Realty represented the landlord, DIB Management.

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PREIT strategy brings new retailers to Virginia mall

BY Michael Fickes

Philadelphia — Pennsylvania Real Estate Investment Trust has executed leases with Retail Group of America to bring three international brands F&F, Flormar and SuiteBlanco to the Patrick Henry Mall in Newport News, Virginia. The transactions illustrate PREIT’s strategy for improving portfolio performance by seeking out emerging, first-to-market options.

With the Retail Group of America agreement, PREIT continues to bring international brands to its locations across the Mid-Atlantic region. Other examples: PREIT is introducing one of the first Uniqlo stores into the Philadelphia market at Willow Grove Park. In 2013, Dynamite, a women’s ready-to-wear concept from Canada, opened one of its first U.S. stores at PREIT’s Cherry Hill Mall. In 2012, three Australian Cotton On stores opened in PREIT malls.

F&F, a fast fashion concept featuring men’s, women’s and children’s assortments, will occupy approximately 7,500 sq. ft. at the Patrick Henry Mall. Flormar, an affordable cosmetics concept, will occupy approximately 800 sq. ft. Spanish brand SuiteBlanco, inspired by the high-end runway fashions, will occupy approximately 3,000 sq. ft. featuring a variety of trendy clothing and accessories for young men and women.

PREIT and Retail Group of America are working on a number of other potential store openings at other PREIT properties.

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