REAL ESTATE

Glimcher acquires One Nineteen open-air center for $67.5 million

BY Katherine Boccaccio

Leawood, Kan. — Columbus, Ohio-based Glimcher Realty Trust said Wednesday it has completed the acquisition of One Nineteen, an outdoor retail center located in Leawood, Kan.

One Nineteen is adjacent to Glimcher’s Town Center Plaza and will add approximately 165,000 sq. ft. of GLA to the combined property. Tenant sales at One Nineteen average more than $900 per sq. ft., and the center is currently 93% leased featuring Kansas City’s first and only Crate & Barrel and lululemon athletica, as well as an Apple store.

Glimcher purchased the center for approximately $67.5 million.

“We are pleased with the strategic acquisition of One Nineteen to complement Town Center Plaza,” said Michael Glimcher, president and CEO. “Together, these properties represent 600,000 sq. ft. of retail space generating sales of over $550 per square foot. They offer tremendous growth potential and will generate efficiencies in leasing and property management.”

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REAL ESTATE

Claim Jumper joins Opry Mills outlet center

BY Staff Writer

Nashville, Tenn. — Tennessee’s largest outlet and value retail center, Opry Mills, has added a Claim Jumper restaurant to its dining options.

The new restaurant, which is making its market debut, recently opened at Entry 7 near the entertainment stage and joins other eateries such as Romano’s Macaroni Grill, Dave & Buster’s, Chuy’s, Rainforest Café, Aquarium Restaurant and a nine-unit food court.

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REAL ESTATE

7-Eleven to open on Upper East Side

BY Staff Writer

New York — Winick Realty Group said that 7-Eleven has continued its plans for expansion in the New York market by leasing a new 2,300-sq.-ft. storefront at 1235 Second Avenue, on the corner of East 65th Street.

The store, which was previously occupied by restaurant Asia Grill, sits at the base of a residential building in one of the most affluent sections of the Upper East Side. 7-Eleven is poised to draw from not only the heavy residential population in the area but the foot traffic generated by nearby Hunter College, as well as two movie theaters and three hospital centers in the area.

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