REAL ESTATE

DLC acquires The Court at Deptford in Deptford, New Jersey

BY Michael Fickes

Tarrytown, N.Y. — DLC Management Corp. has acquired The Court at Deptford in Deptford, New Jersey. DLC plans to redevelop the 361,000-sq.-ft. center located next to the Deptford Mall.

Tenants include Ross Dress for Less, Party City, Pier 1 and Olive Garden.

Shopping centers in the well-occupied trade area averages occupancy rates of 95%, thanks to a population of 210,985 with an average annual income of $77,600.

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REAL ESTATE

Westfield’s plan for Village at Westfield Topanga

BY Michael Fickes

Woodland Hills, Calif. Westfield has unveiled the layout, landscaping and décor plans for Westfield Topanga’s outdoor extension, The Village at Westfield Topanga.

Construction has commenced, and the center is slated to open in the fall of 2015.

Located in Canoga Park, Calif., in the San Fernando Valley’s Warner Center, The Village will offer retail, restaurants, leisure and entertainment. The design will include plant and water elements that pay homage to the San Fernando Valley before the region was urbanized. Examples of landscaping include hundred-year-old California Sycamores plus London Plane, Aleppo Pine and Canary Island Pine trees. All were salvaged from the site prior to groundbreaking.

Additional design elements include trellises and canopies framing outdoor patios, fire pits, hanging basket chairs and communal tables.

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REAL ESTATE

Legend Retail will represent 10 Denver retail centers

BY Michael Fickes

Denver — AmCap, Brixmor Property Group and Kimco have selected the Legend Retail Group to represent nearly 2 million sq. ft. of gross leasing area at 10 different retail centers across the Denver metropolitan area. The centers include:

AmCap
• Market Square, at Havana and Mississippi (120,498 sq. ft.; 12,410 sq. ft. available)
• Market Square, at Wadsworth and Jewell (92,759 sq. ft.; 8,090 sq. ft. available)

Brixmor Property Group
• Arapahoe Crossings, at Parker and Arapahoe (466,363 sq. ft.; 18,679 sq. ft. available)
• Arvada Plaza, at 58th and Independence, (95,236 sq. ft.; 100% leased)
• Aurora Plaza, at 6th Avenue and Peoria (178,491 sq. ft.; 20,377 sq. ft. available)
• Superior Marketplace, at Highway 36 and McCaslin (278,790 sq. ft.; 47,905 sq. ft. available)
• Villa Monaco, at Monaco and Evans (122,139 sq. ft.; 22,099 sq. ft. available)
•Westminster City Center, at 92nd and Sheridan (337,540 sq. ft.; 24,761 sq. ft. available)

Kimco
• East Bank Shopping Center, at Parker and Quincy (152,282 sq. ft.; 48,220 sq. ft. available)
• Quincy Place Shopping Center, East Quincy and South Buckley (44,097 sq. ft.; 11,024 available)

Legend specializes in the sale and leasing of retail properties throughout the Denver metro area. Legend is also an X Team International partner. X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the United States, Canada and Europe.

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