REAL ESTATE

High-end home retailer Fixtures Living to open first East Coast location

BY Marianne Wilson

New York — Fixtures Living, which specializes in high-end kitchen, bath, outdoor and lifestyle appliances, will open its first East Coast location at Lenox Marketplace in Atlanta. Additional stores are scheduled to open in Glendale, Calif., Chicago and Dallas

The emerging retailer, whose stores average 27,000 sq. ft., currently has three locations in California, in Costa Mesa, Rancho Mirage and San Diego.

"We are thrilled to be partnering with Fixtures Living at Lenox Marketplace. Their corporate values, focus on consumer experience and product offerings are the perfect complement to Buckhead and the greater Atlanta community," said Jodie McLean, president and chief investment officer, Edens, The real estate company owns 11 properties throughout Atlanta and Georgia, including Lenox Marketplace.

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REAL ESTATE

Blo/Out Blow Dry Bar blows into Willow Grove Park

BY Michael Fickes

Willow Grove, Pa. — Blo/Out Blow Dry Bar will open its third salon in Willow Grove Park this summer. The new, no-appointment-necessary, no-cut, no-color blow dry bar brand from Philadelphia has signed up for 1,300 sq. ft.

Blo/Out Blow Dry Bar stylists wash and dry hair and blow it straight, wavy, curly or up. Customers choose from eight styles. Additional services include scalp massages, makeup, custom styling and a new 20-minute dry styling treatment.

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Glimcher to buy WestShore Plaza and sell Lloyd Center

BY Michael Fickes

Columbus, Ohio — Glimcher Realty Trust has announced plains to purchase its remaining interest in WestShore Plaza in Tampa, Fla. and to sell its interest in Lloyd Center in Portland, Ore. Glimcher holds a 40% interest in a joint venture with Blackstone Real Estate Partners VI that owns both properties.

Glimcher will purchase the 60% interest in WestShore Plaza, which logs sales of $410 per sq. ft., for $111.8 million by assuming Blackstone’s pro-rata share of the $119.6 million loan plus $40 million in cash. Glimcher’s proceeds from the sale of Lloyd Center and the company’s credit facility will fund the purchase.

In an unrelated transaction, two unaffiliated third parties will purchase 100% of Lloyd Center. Glimcher’s share of net proceeds from the sale of the Center and four contiguous outparcels after repayment of the existing loan on the property will be approximately $28.4 million.

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