REAL ESTATE

Compare Supermarket to anchor Clifton Plaza

BY Staff Writer

Clifton, N.J. — North Plainfield, N.J.-based Levin Management Corp. said that Compare Supermarket has signed on to anchor Clifton Plaza in Clifton, N.J.

The 16,000-sq.-ft. lease commitment and Clifton Plaza’s transition to a grocery-anchored property coincide with Levin’s renovation/expansion at the 80,127-sq.-ft. shopping center.

The Clifton supermarket represents the second New Jersey location for Compare, a 22-year-old independent chain with more than 40 stores in the New York metropolitan area and throughout the East Coast.

Additional current tenants in Clifton Plaza include Big Lots, Dollar Tree, Game Stop, RadioShack, and a variety of other retail and service tenants.

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REAL ESTATE

Vista Equities to launch second phase of LaCenterra

BY Staff Writer

Katy, Texas — Houston-based developer Vista Equities Group reports a rise in lease activity and interest for its mixed-use town center development in Katy, Texas – LaCenterra at Cinco Ranch. The remaining 3,100 sq. ft. of phase one retail space and almost 6,000 sq. ft. of existing office space has been leased.

New retailers include Another Round and Flip Flop Shop. Businesses relocating or adding locations in LaCenterra include Amerejuve Med Spa, Retina Consultants of Houston and Eventsia Group.

VEG and partner Denver-based Amstar said they will move forward with construction of LaCenterra’s Phase II-A this fall. Plans are underway for the addition of 36,000 sq. ft. of retail space and an amphitheatre for public events. A spring 2012 opening is projected.

When fully completed in 2013, new construction (both Phase II-A and Phase II-B) will add a total of 130,000 sq. ft. of retail space, 70,000 sq. ft. of office space and a multi-family, luxury residential component to LaCenterra’s existing 170,000 sq. ft. of retail space and 90,000 sq. ft. of Class A office space.

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REAL ESTATE

Ulta to open at Hall Road Crossing

BY Staff Writer

Shelby Township, Mich. — Centro Properties Group US announced that Ulta will open a 9,405-sq.-ft. store at Hall Road Crossing, located in Shelby Township, Mich.

Centro Properties Group, based in New York City, is the owner of Hall Road Crossing.

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