REAL ESTATE

Divaris renews five Hampton Roads leases

BY Michael Fickes

Virginia Beach, Va. — Divaris Real Estate has represented the landlords in the renewal of five leases covering more than 18,500 sq. ft. in Hampton Roads, Va., retail properties.

Two of the leases were with Willow Oaks Associates, landlord of Willow Oaks Village Square Shopping Center in Hampton. The City of Hampton renewed a 7,778-sq.-ft. space, and Virginia ABC renewed its 3,300-sq.-ft. lease.

Mattress Firm renewed for 3,982 sq. ft. with JLP Chesapeake, owner of the Crossways Shopping Center in Chesapeake.

RadioShack renewed its 2,837-sq.-ft. lease with Pembroke Square Associates, landlord of the Pembroke Mall in Virginia Beach.

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REAL ESTATE

Famous Footwear renews at Florida’s Kendall Village

BY Michael Fickes

Miami, Fla. — Famous Footwear has renewed its 8,000-sq.-ft. lease at Kendall Village Center in Miami, Fla., according to Berkowitz Development Group. The transaction maintains the 95% occupancy level at the 426,000-sq.-ft. open-air shopping and office destination. Retail space totals 276,000 sq. ft.

Major tenants include the Regal 16-plex Stadium Seating Theater, Old Navy, Gap, Nova Southeastern University, Pier 1 Imports and LA Fitness.

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RadioShack opens first college store location at U of Texas

BY Katherine Boccaccio

Fort Worth, Texas — As part of a previously announced plan to expand into non-traditional channels, RadioShack said its first shop-in-shop college store has opened at the University of Texas at Austin.

Located within the University Co-op bookstore, the RadioShack-branded section features consumer electronics products geared toward college kids. The Top Tech at UT Students’ Fingertips RadioShack’s retail space consists of a 12-ft. section of wall located on the first floor of the Co-op, and features items such as headphones and Bluetooth speakers.

The UT retail space is the first RadioShack college store location planned for 2013, with additional college bookstores, stretching from New York to San Diego, to be added to the roster throughout the fall. This is a part of the five-year agreement announced earlier this year with NACSCORP, a subsidiary of the National Association of College Stores, to offer an assortment of consumer electronics and accessories to the nearly 4,000 college store customers NACSCORP currently serves.

"The college consumer is one of the most connected consumers out there, and what better way to introduce the reinvigorated RadioShack brand to this audience than to go where they are, and give them what they need to make their technology not only work for them, but to make their lives more fun," said Joe Magnacca, CEO, RadioShack Corp. "Non-traditional locations like this one at the University Co-op can serve as a gateway to a new generation of consumers for RadioShack, where we can begin to stake our claim as being the go-to source for the technology they need."

RadioShack collaborated with University Co-op president and CEO George Mitchell to develop the University of Texas product mix.

The opening this fall of college store locations follows closely on the heels of RadioShack’s announcement in early July that it is debuting several concept store locations over the next several months to deliver a more interactive and engaging shopping experience. The first of these concept store locations debuted in Manhattan in June.

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R.Owens says:
Jul-26-2013 08:56 am

This is good news. Now I can get all the stuff that I need at RadioShock. Are there any other branches you have near any electrician school in Texas? I need to know so that I can tell my friends too.

R.Owens says:
Jul-26-2013 08:56 am

This is good news. Now I can get all the stuff that I need at RadioShock. Are there any other branches you have near any electrician school in Texas? I need to know so that I can tell my friends too.

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