REAL ESTATE

Crossroads to lease, manage Veterans Square

BY Katherine Boccaccio

Lyndhurst, N.J. — Crossroads Cos. has been named leasing agent and property manager for Veterans Square Shopping Center, located on New York Avenue in Lyndhurst, N.J.

The 144,400-sq.-ft. neighborhood shopping center’s tenant roster includes a free-standing ShopRite, Home Goods and a mix of national, regional and neighborhood businesses.

“As one of southern Bergen County’s busiest shopping centers, with more than 40,000 customers per week, Veterans Square offers retailers high visibility and foot traffic, strong demographics, easy access and plentiful parking,” said Carlo Caparruva, VP leasing services, Mahwah, N.J.-based Crossroads. The company is currently marketing about 19,000 sq. ft. of space that can also be subdivided.

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REAL ESTATE

HSA Commercial breaks ground on adaptive reuse retail development

BY Katherine Boccaccio

Milwaukee — Chicago-based HSA Commercial joined leaders from the City of Wauwatosa to celebrate the groundbreaking of Phase I of The Mayfair Collection, a large-scale, mixed-use development at Highway 45 and Burleigh Street in suburban Milwaukee.

Phase I of the project will consist of adaptively repurposing functionally obsolete warehouse buildings along Highway 45 into new, contemporary retail environments.

Nordstrom Rack, Dick’s Sporting Goods, Ulta Cosmetics, and other category-leading retailers have signed leases for the development’s first phase which is scheduled to open in the summer of 2014.

“Our leasing efforts target the best possible retailers that will keep Mayfair Mall trade area at the center of the retail universe in Wisconsin,” said Tim Blum, executive VP, HSA Commercial. “Attracting that type of regional traffic will be essential in kick-starting a long-term development plan that achieves the ambitious vision that we share with the community of Wauwatosa.”

Last November, the City of Wauwatosa’s Common Council and HSA agreed on a proposal to create a tax increment financing district that will provide $8.5 million to cover infrastructure costs necessary to support the project. The 69-acre site, known as the “Burleigh Triangle,” has been targeted for redevelopment by City officials for years. While Phase I of The Mayfair Collection is primarily retail, the project’s additional phases contemplate the development of multi-family, office, and medical components subject to future market demand for those uses.

Des Plaines, Ill.-based Premier Design + Build will serve as general contractor for the project, and Evanston, Ill.-based TOA Architects is responsible for the design.

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REAL ESTATE

Limited Editions For Her to open at The Shops at SkyView Center

BY Katherine Boccaccio

Queens, N.Y. — Onex Real Estate Partners announced its latest lease deal for The Shops at Sky View Center, as fashion boutique Limited Editions For Her will open a 4,000-sq.-ft. store at the Flushing, Queens center.

The store will be located across from Old Navy on Level D and is slated to open in June. “Obtaining a retail space at The Shops at SkyView Center is the perfect vehicle for Limited Editions For Her to continue its New York expansion and broaden its customer base,” said Brad Guth, VP retail for Limited Editions For Her.

Coming on the heels of Restoration Hardware Outlet’s recent opening, Limited Editions For Her will join the growing list of national brands anchoring The Shops at SkyView Center. Currently these tenants include Target, BJ’s Wholesale Club, Marshall’s, Old Navy, Carter’s, Bed Bath & Beyond, Restoration Hardware Outlet, Best Buy, and the specialty Asian supermarket Sky Foods.

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