REAL ESTATE

Cushman & Wakefield name president and CEO

BY Michael Fickes

New York — Cushman & Wakefield Inc. has appointed Edward C. Forst president and CEO, effective January 6, 2014.

Forst, 53, comes to Cushman & Wakefield from Goldman, Sachs & Co. where he served as global co-head of the Investment Management Division, as a member of the firms management committee and previously as the firm’s chief administrative officer.

He has more than 30 years of experience working in international asset management, capital markets and operational leadership.

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REAL ESTATE

Edwards Realty acquires North & Harlem Plaza

BY Michael Fickes

Oak Park, Ill. — Edwards Realty Company has acquired the North & Harlem Plaza in Oak Park, Ill., for $4.7 million, according to Mid-America Real Estate, which represented the seller, Hudson Advisors LLC, in the transaction.

The 23,320-sq.-ft. center features Dunkin’ Donuts, The UPS Store, Check‘n Go, American Mattress and Batteries Plus.

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REAL ESTATE

Levin to manage The Shops at 5 in Plymouth, Mass.

BY Michael Fickes

North Plainfield, N.J. — The Shops at 5 in Plymouth, Mass., has named Levin Management its exclusive managing agent.

The 420,000-sq. ft. open-air shopping center takes its name from its location off Route 3 at Exit 5 on Long Pond Road. Anchor tenants include BJ’s Wholesale Club, TJ Maxx/HomeGoods and Kohl’s. Other national names include The Sports Authority, PetSmart, Pier 1 Imports, Panera Bread and IHOP.

The Shops at 5 services a residential population of more than 105,800 people within a 10-mile radius. Average household income is $95,850. The daily traffic count along Route 3 exceeds 60,000 vehicles.

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