REAL ESTATE

DRA Advisors acquires Streets of Brentwood

BY Staff Writer

Dallas — SRS Real Estate Partners said it represented Brentwood Specialty Center, LLC in the sale of The Streets of Brentwood to a partnership between New York City-based DRA Advisors and RED Legacy out of Kansas City.

The 305,428-sq.-ft. lifestyle center, located in Brentwood, Calif., sold for $72.1 million. It is anchored by a 14-screen Rave Theater and features tenants such as REI, Banana Republic, DSW, Ulta Cosmetics, Ann Taylor and Jos. A. Bank. The property sale also included a parcel of developable land approved for Phase II and 110,000 sq. ft. of additional retail space.

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REAL ESTATE

Five Guys Burgers to open at Plaza at Cedar Hill

BY Staff Writer

Cedar Hill, Texas — Indianapolis-based Kite Realty Group said that Five Guys Burgers & Fries has leased 2,500 sq. ft. at Plaza at Cedar Hill, located in Cedar Hill, Texas.

The 303,540-sq.-ft. power center is anchored by Marshalls, Home Goods, Hobby Lobby, Dress Barn, DSW, Ross, Office Max, Toys “R” Us / Babies “R” Us and Sprouts.

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P.Lopez says:
Apr-10-2013 12:13 pm

ChatRandom
Mulpuru advised retailers to follow the blueprint of technology leaders such as Amazon and Google and take a “lowest common denominator” approach to design. ChatRandom

P.Lopez says:
Apr-10-2013 12:13 pm

Mulpuru advised retailers to follow the blueprint of technology leaders such as Amazon and Google and take a “lowest common denominator” approach to design. ChatRandom

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REAL ESTATE

Trio of new tenants to open at Lake Shore Plaza

BY Staff Writer

Lake Ronkonkoma, N.Y. — Charter Realty & Development Corp. said that it has added three new tenants, totaling 11, 501 sq. ft., to the Lake Shore Plaza II Shopping Center, located in Lake Ronkonkoma, N.Y.

AutoZone has leased 7,184 sq. ft., Verizon leased 1,817 sq. ft., and Century 21 leased 2,500 sq. ft.

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