REAL ESTATE

Glimcher acquires University Park Village for $105 million

BY Katherine Boccaccio

Fort Worth, Texas — Columbus, Ohio-based Glimcher Realty Trust announced Monday the acquisition of University Park Village, an open-air center located in Fort Worth, Texas.

The 173,220-sq.-ft. center is 97% occupied, generates sales of more than $800/sq. ft., and is tenanted by Apple, Anthropologie, J. Crew, Lululemon Athletica and Madewell, among others.

Glimcher purchased University Park Village for $105 million.

“This quality property offers tremendous growth potential and aligns perfectly with our acquisition strategy,” said Michael P. Glimcher, CEO.

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REAL ESTATE

Party City to open at North Dover shopping center

BY Staff Writer

Dover, Del. — Brixmor Property Group said that Party City will open a 12,000-sq.-ft. store at North Dover Shopping Center, located in Dover, Del.

Brixmor, based in New York City, is the owner of the shopping center.

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REAL ESTATE

Cellairis opens first in-line store location

BY Staff Writer

Atlanta — Wireless accessory retailer Cellairis said Tuesday it has opened its first in-line store at North Point Mall in Alpharetta, Ga.

Operating over 700 kiosks in malls across the country, the company is launching this new model in order to provide consumers with a more robust retail experience, it said.

The opening is the first in a company-wide initiative to implement a new store design, which features multimedia displays.

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