REAL ESTATE

East Peoria McDonald’s coming September 2014

BY Katherine Boccaccio

East Peoria, Illinois —McDonald’s Restaurants of Peoria/Bloomington will join the East Peoria Levee District with the opening of a new restaurant in September.

Local owner-operator Scott Bandy will be overseeing the construction of the restaurant, with plans to include a modern exterior and dual drive-thru lanes. Interior features include a dual-point ordering system with new split counter function, free Wi-Fi, and digital menu boards.

According to Peoria-based Cullinan Properties, the Levee District encompasses over 86 acres that includes 500,000 sq. ft. of retail and restaurant space, as well as office, hotel and civic components. Current tenants include, Target, Ross Dress for Less, Gordmans, Lane Bryant, Carter’s, Ulta Beauty, GNC, Red Robin, Tequila’s, Pot Belly’s, Jersey Mikes, Panda Express, Crust, Mattress Firm, Family Dental Care and Diva Nails.

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Mansour Group arranges sale of southern California Stein Mart building

BY Katherine Boccaccio

La Quinta, California —The Mansour Group has announced the sale of a 36,000-sq.-ft. Stein Mart building located in La Quinta, California. Sale price was approximately $8 million.

The property was sold via Mansour Group by an unnamed developer to a private, all-cash investor out of San Diego.

The freestanding building is situated in Washington Park, a 600,000-sq.-ft. power and lifestyle center anchored by Lowe’s, Target, Cost Plus, Office Depot, Trader Joe’s with plans for additional construction.

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Shipping containers recycled as retail spaces at new Assembly Row center, in Boston area

BY Marianne Wilson

New York — Boxman Studios, a leader in shipping container modification, have created a one-of-a-kind dining and retail venue from shipping containers to anchor Assembly Row, a new mixed-use development in Somerville, Massachusetts, which is just outside of Boston.

Four modified 20-ft. shipping containers make up SombBlox, an homage to Somerville’s historically industrial past. The four containers create three distinct spaces that are all ADA accessible and include electrical and lighting.

Two containers are designed for retail spaces with easy-to-open 8-ft. hinged storefront windows and steel doors to quickly adapt to weather conditions. Two containers have been outfitted with kitchen equipment and plumbing and will house retail and food prep areas for Somerville Brewing Company’s American Fresh Taproom, which will feature a 60-seat, open-air beer garden.

The unique container courtyard is scheduled to open Aug. 2.

“We wanted to highlight Somerville’s artistic community and its heritage, and Somblox will be the perfect blend of the two,” said Russ Joyner, VP and general manager, Federal Realty, which is developing Assembly Row. “Locals will feel right at home, entrepreneurs and growing businesses can test drive their concepts, and visitors will be introduced to a slice of local flavor.”

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