REAL ESTATE

Glendale Galleria adds 30-plus new and expanded stores

BY Michael Fickes

Glendale, Calif. — Glendale Galleria has announced the addition of more than 30 new and expanded stores to its merchandise mix. Most of the new store openings coincide with the mall’s expansive renovation, which updates aesthetics inside and outside of the center. The renovations should finish up by early November in time for the new retailer openings and the holiday shopping season.

New stores and expansions opening this fall include BCBGMAXAZRIA, Bloomingdale’s, Carmen Steffens, Giggles N’ Hugs, Martier, PIRCH, Porsche Design, Salon Dioro, Shasa, Silver Jeans Co., Superdry and Vilebrequin.

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REAL ESTATE

Mid-America brokers sale of Asbury Plaza in Dubuque, Iowa

BY Michael Fickes

Dubuque, Iowa — Mid-America Real Estate Corp.’s Investment Sales team recently brokered the sale of a large portion of the 136,398-sq.-ft. Asbury Plaza in Dubuque, Iowa. The Cafaro organization made the acquisition for $12 million.

The community shopping center is about two miles from Cafaro’s 700,000-sq.-ft. Kennedy Mall.

The community shopping center features national anchor retailers including Michaels, Bed Bath & Beyond and Petco. Shadow anchors include Hy-Vee Grocery Store, Kohl’s and AMC Theater.

Mid-America(www.midamericagrp.com in cooperation with Mid-America Real Estate — Iowa LLC represented the seller, a court appointed receiver.

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REAL ESTATE

SRS hires senior VP in Phoenix office

BY Michael Fickes

Dallas — SRS Real Estate Partners welcomes Jon Cowen as senior VP in the Phoenix office. Cowen bring 24 years of experience in commercial real estate to SRS, where he will focus on representing local and national retailers, shopping center leasing and development and investment sales.

Previously, Cowen worked with the Retail Advisory Group at Cushman & Wakefield after Cushman acquired his own real estate firm, Cowen Commercial.

Cowen has worked with many high profile clients such as Kimco Realty, Vestar Development Co., Sears Great Indoors, Skechers, Bank of America, CVS/Pharmacy, McDonald’s, Starbucks, and Staples.

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