REAL ESTATE

Epic Stores leases Phoenix big-box

BY Michael Fickes

Phoenix — GDC/RE has leased a 47,036 former Phoenix Safeway to Epic Stores. The transaction marked GDC/RE’s tenth lease of more than 10,000 sq. ft. in the last 12 months.

“Arizona has been seen as the poster child of big-box vacancy in recent years,” says Joe Doucett, co-founder and designated broker of GDC/RE. “Our firm has re-tenanted every anchor and other large-format space in our portfolio.”

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REAL ESTATE

Turnersville, N.J.’s Washington Plaza signs credit union

BY Michael Fickes

Purchase, N.Y.National Realty & Development Corp. has announced that the Police and Fire Federal Credit Union will take 4,000 sq. ft. in Washington Plaza in Turnersville, N.J.

It will be the first New Jersey location for the Credit Union. Burlington Coat Factory and LA Fitness anchor the 196,000-sq.-ft. shopping center.

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REAL ESTATE

CBRE-Grossman to lease Mohegan Sun in Palmer, Mass.

BY Staff Writer

BostonFinard Properties has appointed CBRE-Grossman Retail Advisors as the exclusive leasing agent for the retail, restaurant and entertainment component of the proposed Mohegan Sun Massachusetts destination resort casino in Palmer, Mass.

The $1 billion project will feature two hotels, an aqua entertainment park, casino gaming and branded retail stores and restaurants.

CBRE-Grossman Retail Advisors is a joint venture between CB Richard Ellis-N.E. Partners and Grossman Commercial Real Estate Group.

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