REAL ESTATE

Hamilton Plaza reaches 100% occupancy with eyeglass retailer lease

BY Katherine Boccaccio

Hamilton, N.J. — Discount optical retailer America’s Best Contacts & Eyeglasses has leased 4,500 sq. ft. at Hamilton Plaza in Hamilton Township, announced Levin Management, exclusive leasing and managing agent for the 175,000-sq.-ft. shopping center.

The lease signing brings the Mercer County retail destination to 100% occupancy.

Anchored by an 80,000-sq.-ft. ShopRite, Hamilton Plaza offers a mix of service, retail and food-oriented tenants including A.C. Moore, Sleepy’s, Petco, Dollar Tree, Radio Shack, Let’s YO!, Hallmark, New Wave Wireless, Moe’s Southwest Grill and Texas Roadhouse, among others.

A multi-million dollar renovation project was completed recently at Hamilton Plaza. Levin replaced building façades, added new landscaping, replaced the property’s pylon sign and added new monument signs, and reconfigured the parking lot to improve vehicular flow. Other improvements included the addition of two pad sites and a 10,000-sq.-ft. end-cap.

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REAL ESTATE

West Elm to join Town Center of Virginia Beach

BY Katherine Boccaccio

Virginia Beach, Va. — Home furnishings retailer West Elm will open a new store at Town Center of Virginia Beach, the retailer’s first in the Hampton Roads market.

The new store will be located on Main Street on the first floor of the newly constructed 4505 Main Street Tower, next to the recently announced Anthropologie store. A grand opening is slated for 2015.

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H&M’s new 57,000-sq.-ft. Manhattan flagship is brand’s largest store yet

BY Marianne Wilson

New York — Fast-fashion giant H&M on Thursday celebrated the opening of its flagship on Fifth Avenue in Manhattan. At 57,000 sq. ft., it is the retailer’s largest store in the world and 13th location in Manhattan. It also is the first H&M in the United States to offer a full concierge service, and to carry the full H&M Home collection.

The interior features a four-story atrium with clusters of mannequin groupings and a 740-sq.-ft. LED screen. It is H&M’s most upscale store to date, featuring chandeliers, leather seating, green and white marble tiles, an opulent wall of mirrors, and distinct herringbone wood work. Fitting rooms are outfitted with tufted-fabric walls.

H&M collaborated with American artist Jeff Koons on the opening. (The company is sponsoring the artist’s ongoing retrospective at the Whitney Museum of Art.) Koons designed a limited-edition handbag featuring his iconic Balloon Dog. The façade of the store also featured two huge images of the dog, expected to remain in place for about a week after the opening.

H&M currently operates 318 stores in the United States, and approximately 3,200 stores in 54 markets worldwide.

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