REAL ESTATE

Daffy’s opens store in Bay Plaza Shopping Center

BY CSA STAFF

Bronx, N.Y. –New Rochelle, N.Y.-based Welco Realty Inc., an X Team partner, announced that Daffy’s opened its first store in Bronx, N.Y.

The retailer opened a store in Bay Plaza Shopping Center, one of the largest strip shopping centers in New York City. Welco Realty negotiated the deal on behalf of the landlord, Prestige Properties & Development Co.

Bay Plaza is a 1+-million-sq.-ft. center that features Barnes & Noble, J.C. Penney, Old Navy, Marshall’s, P.C. Richards, Kmart, Modell’s, AMC Theatres, Staples, Toys "R" Us and Babies "R" Us, among others.

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REAL ESTATE

Samuels & Co. completes 5 deals for Merlin Entertainments

BY CSA STAFF

Los Angeles –Samuels & Co. Inc. said it has recently completed five transactions for Merlin Entertainments Group, the second largest location-based entertainment company in the world which develops, owns and operates outdoor theme parks and indoor attractions.

A 33,000-sq.-ft. LEGOLAND Discovery Center opened on March 31 at Grapevine Mills Mall (owned by Mills/Simon Property Group, Inc.), Grapevine, Texas. A 30,000-sq.-ft. SEA LIFE Center aquarium will open in July 2011, directly across the hall from the LEGOLAND Discovery Center and across a plaza from the recently renovated AMC Theaters.

In Atlanta, Simon Property Group’s Phipps Plaza in Buckhead, Ga., pursued Merlin for a 32,000-sq.-ft. LEGOLAND Discovery Center, slated to open April 2012.

Another combination of LEGOLAND Discovery Center and SEA LIFE Center aquarium will open in May/June 2012 in Crown Center located in downtown Kansas City, Mo., in a former Halls Department Store building and will occupy a combined area close to 60,000 sq. ft. on two levels. Crown Center, which is an 85-acre mixed-use shopping/leisure/dinning destination, surrounds the worldwide headquarters of Hallmark Cards, Inc.

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REAL ESTATE

Simon to develop Phoenix Premium Outlets

BY CSA STAFF

Indianapolis –Simon Property Group Inc. announced that its Premium Outlets division has reached an agreement with the Gila River Indian Community’s Wild Horse Pass Development Authority to develop Phoenix Premium Outlets, an upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.

The center, to be located in Chandler, Ariz., will be adjacent to the Wild Horse Pass Hotel & Casino in the Wild Horse Development. Phase I of the project will be comprised of 360,000 sq. ft., housing approximately 90 outlet stores featuring high-quality designer and name brands.

Construction is expected to start in the first quarter of 2012 with a spring 2013 opening.

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