REAL ESTATE

EDENS earns two ICSC Gold awards

BY Michael Fickes

Washington, D.C. — ICSC has named EDENS the winner of two gold awards for its Mosaic development in Fairfax, Va. The awards were for the ICSC United States Gold Design and Development Award in the categories of New Development and Sustainable Design. ICSC announced the winners at the annual Retail Green and CenterBuild Conference in Phoenix.

Recognized with 22 Best of DC Shopping awards since opening last fall, The 1.9-million-sq.-ft. Mosaic is a LEED Silver-certified urban neighborhood development. The urban grid design features 500,000 square feet of national and local retail, 1,000 residential units, 112 LEED-certified townhomes, a 148-room boutique hotel, 73,000 square feet of Class-A office space, 4,000 parking spaces, as well as two parks and additional open space for neighborhood festivals, performances, and gatherings.

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REAL ESTATE

The Fresh Market is going to Jupiter, Fla.

BY Michael Fickes

Jupiter, Fla. — The Fresh Market has signed on as anchor tenant at The Shops at Fisherman’s Wharf in Jupiter, Fla., according to Elion Partners, a real estate investment firm that acquired the property in August. The specialty grocer plans to open in the summer of 2014.

Now under renovation, the 5.5-acre shopping plaza will soon resemble a European village with a pedestrian-friendly setting and a selection of new retailers.

The multimillion-dollar renovation includes the construction of a new 20,900-sq.-ft. building for The Fresh Market, renovations of two existing buildings, sidewalk improvements and new parking. During the renovation, the plaza’s existing retailers remain open for business.

Prime Sites Inc. represented The Fresh Market in the transaction.

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REAL ESTATE

JLL closes sale of Houston’s Northwest Crossing Centre

BY Michael Fickes

Houston Jones Lang LaSalle’s Capital Markets group has closed the sale of Northwest Crossing Centre, a 179,469-sq.-ft., fully leased shopping center in Houston. USA Properties purchased the property from Weingarten Realty. JLL secured 10-year, fixed-rate financing for the acquisition.

Best Buy, Marshalls, Big Lots and Shoe Carnival anchor the center. A 126,000-sq.-ft. Target shadow anchors. The infill center is just 12 miles from Houston’s central business district and nine miles from the Galleria/Uptown market.

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