REAL ESTATE

First Submarina in Moreno Valley opens

BY CSA STAFF

Moreno Valley, Calif. Submarina California Subs announced it has opened its first restaurant in Moreno Valley, Calif.

The new location is inside a Shell/Circle K station and is owned by franchisee Raj Sood.

The San Marcos, Calif.-based sandwich chain operates 50 locations in six states.

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REAL ESTATE

The Mercato adds retailers

BY CSA STAFF

Naples, Fla. The Lutgert Cos. announced the signing of five retail stores — Bobby Chan, Byte Shop Style, Mercato Jewelers, Pandora and Spectacles — to The Mercato in Naples, Fla.

Construction is under way with openings slated for late summer or fall 2009.

The Mercato is a lifestyle community that, when complete, will provide nearly 330,000 sq. ft. of Main Street retail and restaurants, 140,000 sq. ft. of Class A office and 175 luxury residences. The project is a joint venture of The Lutgert Cos. and the Barron Collier Cos., and is anchored by Whole Foods Market. National and specialty retailers include Books-A-Million, Coldwater Creek, Jos. A. Bank Clothiers, Sur La Table, Signatures, Z Gallerie, Swim ’n Sport and Gigi’s Children’s Boutique.

An 11-screen, 1,300-seat movie theater by Cines Unidos is slated to open mid-year.

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REAL ESTATE

Hhgregg to open two new locations

BY CSA STAFF

Columbus, Ohio Real estate services firm Casto announced Monday that Hhgregg will occupy the previous Circuit City location at Tanglewood Plaza in Columbus, Ohio. In addition, another Hhgregg location will open at King’s Mall, located in Cincinnati.

“The two new locations are an indication that even in tough economic times, if we do business using fundamental good business practices, deals can be made,” stated a spokesperson with Casto. “These fundamentals for a strong real estate deal haven’t changed much over the years. If you have a strong location, strong developer/landlord and a solid retailer, it works.”

Hhgregg anticipates an opening at Tanglewood Plaza this summer. The King’s Mall location will open this fall.

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