REAL ESTATE

Combined Properties names development/acquisitions lead

BY Katherine Boccaccio

Washington, D.C. — Combined Properties announced that Scott Kend has joined the company as senior director of development & acquisitions, charged with leading Combined’s efforts to acquire new value-add retail shopping centers and mixed-use development projects on the West Coast.

Kend will also be responsible for redeveloping portions of Combined’s portfolio of retail centers in the Southern California region, as well as working on its mixed-use developments.

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REAL ESTATE

Buckle to open at Golden Triangle Mall

BY Katherine Boccaccio

Denton, Texas — The MGHerring Group and Cencor Realty Services said that The Buckle will open a store at Golden Triangle Mall, located in Denton, Texas.

Buckle will occupy 5,040 sq. ft. and will open in fall 2013. In addition, the list of new tenants includes food court eateries Italia Express, Tobu Oriental Eatery and Smoothie Paradise.

Golden Triangle Mall has recently renewed leases with several key concepts, including American Eagle Outfitters, The Limited, Hallmark, Regis Salons, Zales Jewelers and MasterCuts. The Limited has committed to a total renovation of its existing store. Payless ShoeSource recently completed a remodel to its most current prototype. J.C. Penney, currently under renovation, has added brands such as Joe Fresh and Liz Claiborne. Hibbett Sporting Goods’ new location within the mall is under construction.

The 765,000-sq.-ft. Golden Triangle Mall is currently undergoing a total renovation as part of a joint venture; after completing the interior remodel in late 2012, exterior construction has launched with entrance renovations, new food court/restaurant/retail wing, along with new pylon signage, landscaping and other parking lot improvements.

The mall renovation will be completed in summer 2013.

The Weitzman Group handled lease negotiations with Buckle as exclusive leasing agents for the mall.

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REAL ESTATE

Upscale Maryland outlet center on the boards

BY Katherine Boccaccio

Clarksburg, Md. — Tanger Factory Outlet Centers and Peterson Cos. said Wednesday that the pair will develop an upscale outlet center in Clarksburg, Md.

The new outlet center, currently in the pre-development stage, will be branded as Tanger Outlets and located 27 miles northwest of Washington, D.C. and 36 miles west of Baltimore.

"This partnership with Peterson Cos. is strategically designed to deliver a world-class outlet center to this exciting Mid-Atlantic market,” said Steven B. Tanger , president and CEO, Tanger Factory Outlet Centers.

The announcement of the latest Tanger Outlets follows the two companies’ groundbreaking and ongoing development of Tanger Outlets National Harbor scheduled to open for holiday 2013.

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