REAL ESTATE

DSW opens new store in Connecticut

BY Dan Berthiaume

Columbus, Ohio – DSW Shoe is opening a new store in West Hartford, Conn., on Thursday, Feb. 27. Customers will have access to the DSW Rewards loyalty program in which they can earn certificates toward future DSW purchases and receive special member-only offers.

Customers can also participate in a Shoe Lover community on Facebook to receive exclusive offers and giveaways, including chances to win free shoes on Facebook each Tuesday.

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REAL ESTATE

Starbucks joins Fisherman’s Wharf in Jupiter, Fla.

BY Michael Fickes

Aventura, Fla. — Starbucks has signed a long-term lease at The Shops at Fisherman’s Wharf in Jupiter, Fla., according to the property’s owner, Elion Partners. Avison Young represented Starbucks in the transaction. Atlantic Retail Properties represented Elion Partners.

The news comes a few weeks following the announcement that The Fresh Market will anchor the center.

Elion Partners acquired the property in August 2013 and undertook a multimillion-dollar redevelopment plan. The improvements included the construction of a new 20,900-sq.-ft. building for The Fresh Market, renovations to the two existing buildings, significant sidewalk upgrades and new parking.

When complete, the center will resemble a European village with a pedestrian-friendly setting. The center’s existing retailers have remained open throughout the remodeling period.

Atlantic Retail Properties is handling the retail leasing, and Transwestern is the property management firm.

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Mid-America brokers sale of Park Ridge, Ill., center

BY Michael Fickes

Oakbrook Terrace, Ill. — Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of The Shops of Uptown in Park Ridge, Ill. Phillips Edison-ARC REIT purchased the 70,402-sq.-ft. center for $27 million.

Trader Joe’s anchors the center, which also hosts Jos. A. Bank, Chico’s, LensCrafters Optique, Houlihan’s, Jason’s Deli and Noodles & Company.

Mid-America represented the seller, a joint venture of Benchmark Opportunity Partners LLC, formerly known as P.O’B Montgomery, and Long Wharf Real Estate Partners.

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