REAL ESTATE

Dollar Tree to lease through R.J. Brunelli in New Jersey

BY Michael Fickes

Old Bridge, N.J. — Dollar Tree has retained R.J. Brunelli & Co. as exclusive leasing agent for all of New Jersey, adding areas south of Route 195 to the northern and central parts of the state that the firm has been handling all along.

“The company looks for freestanding, inline or end-cap spaces in shopping centers as well as locations in downtown areas with high foot traffic,” said Danielle Brunelli-Albrecht, senior VP. “They prefer 10,000-sq.-ft. spaces, but are flexible and will consider 7,500- to 12,000-sq.-ft. stores and have even taken up to 15,000 sq. ft. in very desirable areas.”

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A.Scott says:
Dec-11-2013 03:20 pm

The sluggish American economy
The sluggish American economy has helped make dollar stores an increasing segment of the retail industry. As they increase, one such store is trying out an in-store pharmacy. A personal loan is perfect to help you pay for your prescriptions.See more at: https://personalmoneynetwork.com/

A.Scott says:
Dec-11-2013 03:20 pm

The sluggish American economy has helped make dollar stores an increasing segment of the retail industry. As they increase, one such store is trying out an in-store pharmacy. A personal loan is perfect to help you pay for your prescriptions.See more at: https://personalmoneynetwork.com/

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REAL ESTATE

Paragon acquires Woodland Hills Center

BY Michael Fickes

Los Angeles — PCG Woodland Hills Topanga LLC, an affiliate of Paragon Commercial Group, has acquired the Woodland Hills Shopping Center located in the Warner Center master planned community in the San Fernando Valley. Paragon Commercial Group acquires, develops and manages high quality, value add retail investments. The seller was Woodland Hills Retail.

The 112,649-sq.-ft. center was 100% leased at the time of the sale. Anchor tenants include Toys “R” Us, Office Depot and Off Broadway Shoes.

Studley’s National Retail Services Group represented both the buyer and the seller in the transaction.

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REAL ESTATE

Johnny Rockets rockets into Tegucigalpa

BY Michael Fickes

Aliso Viejo, Calif. — Honduras has welcomed Johnny Rockets to its first location in the country at City Mall Tegucigalpa. It is the second Central American restaurant — the first opened in Panama City in 2010. The new restaurant spans 2,266 sq. ft. plus a 365-sq.-ft. terrace. It seats 105 diners.

The largest shopping center in the Honduran capital, City Mall features more than 300 shops and restaurants; eight Cinemark theatres; and parking for 1,500 cars.

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