REAL ESTATE

Cypress Equities acquires regional center in Portland

BY Michael Fickes

Dallas — Cypress Equities Real Estate Investment Management has announced the acquisition of Lloyd Center in Portland, Ore. The enclosed, three-level 1,478,000-sq.-ft. regional shopping center is located near downtown close to the Convention Center, Rose Garden Arena and Memorial Coliseum.

Lloyd Center offers six anchor stores, more than 180 specialty shops, a 900-seat food court, full-service restaurants, an indoor ice-skating rink and an eight-screen movie theater, said Cypress Equities. The overall trade area includes one million residents. Nearly 36,000 employees work within a one-mile radius of the center.

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REAL ESTATE

Solar-powered Eco Gym to Chicago’s North Shore

BY Michael Fickes

Glenview, Ill. — Eco Gym will open an 8,300-sq.-ft. solar- and human-powered health club at Glenbrook Market Place in Glenview, Ill., a North Shore suburb of Chicago, according to Mid-America Asset Management Inc., the landlord’s representative.

The fitness center, Eco Gym’s second, will use a combination of human kinetic power and solar power to generate electricity for its equipment. As members use the equipment, they generate more power to the central power grid, which lowers monthly dues.

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REAL ESTATE

UCR announces three new leases

BY Michael Fickes

Houston — United Commercial Realty Houston has announced three new leases for Houston-area centers:

  • Goody Goody Liquor will open a third Houston-area location at Copperfield Village Shopping Center this fall.
  • Pink’s Pizza has signed a deal for its fifth area location at the Cougar Den Plaza adjacent to the University of Houston’s central campus.
  • Affinity Veterinary will open a clinic at a center located at 19450 Katy Freeway in Houston.
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