REAL ESTATE

DDR and Shoe Carnival team to open four stores in 2012

BY Katherine Boccaccio

Beachwood, Ohio — Shopping center owner DDR Corp. said Tuesday that four new Shoe Carnival stores will open at DDR shopping centers in 2012.

The new stores are a result of DDR’s focus to consolidate small shop space by reconfiguring and re-leasing space to national retailers, improving tenant mix and the quality of cash flow. At three of the shopping centers, multiple small shop units have been combined to accommodate the new Shoe Carnival stores. The fourth center is located in Puerto Rico.

The new Shoe Carnival stores will open this summer at The Family Center at Riverdale, in Riverdale, Utah, where Shoe Carnival will occupy three combined small shop units for a total of 12,000 sq. ft.; at Wando Crossing in Mt. Pleasant, S.C., where Shoe Carnival will occupy two combined small shop units for a total of 11,000 sq. ft.; at Ashley Crossing in Charleston, S.C., where Shoe Carnival will occupy two combined small shop units for a total of 8,000 sq. ft.; and at Plaza Escorial, in Carolina, Puerto Rico where Shoe Carnival will backfill the 12,000 sq.-ft. Group USA location.

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REAL ESTATE

Jones Lang LaSalle appoints retail leasing specialist

BY Staff Writer

San Francisco — Jones Lang LaSalle announced that John Stevens joined the firm’s San Francisco office as VP leasing specialist. A 25-year veteran of commercial real estate, Stevens will focus on leasing space in the firm’s 12 million-sq.-ft., third-party retail portfolio on the West Coast.

Stevens joins Jones Lang LaSalle from General Growth Properties where, for more than 13 years, he leased some of the REIT’s largest and most productive properties in the Western United States, including San Francisco’s Stonestown Galleria, Eastridge Mall in San Jose and Southland Mall in Hayward, Calif.

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REAL ESTATE

Levin named leasing and management agent for Moorestown Shopping Center

BY Katherine Boccaccio

Moorestown, N.J. — North Plainfield, N.J.-based Levin Management Corp. said it has been appointed property manager and exclusive leasing agent for Moorestown Shopping Center, a 48,920-sq.-ft. retail venue in Moorestown, N.J.

The center is tenanted by health club Retro Fitness, along with Dunkin’ Donuts, Family Dollar and a number of local businesses, including a dry cleaner, a martial arts studio and a tanning and beauty salon.

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