REAL ESTATE

Hodgdon Group completes Ashley Furniture project, launches Total Wine construction

BY Staff Writer

Laguna Hills, Calif. — The Hodgdon Group said it has completed construction on the conversion of a Circuit City building in Laguna Hills, Calif., for the grand opening of an Ashley Furniture HomeStore on Friday, April 20. 



The former Circuit City building was expanded to make way for a fully remodeled 51,000-sq.-ft. retail building, which includes the new 33,000-sq.-ft. Ashley Furniture HomeStore plus Total Wine & More in the remaining 18,000 sq. ft.

A 4,000-sq.-ft. Chick-fil-A restaurant with a drive-thru will be located on an outparcel. Total Wine & More and Chick-fil-A are expected to open early summer.

This is the 13th Ashley HomeStore to be completed by the Hodgdon Group.

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REAL ESTATE

Phase II of Shoppes at Fox River welcomes new tenants

BY Staff Writer

Milwaukee — The Milwaukee office of Opus Development Corp. announced that T.J Maxx, Ulta Salon, Rue 21 and Charming Charlie’s will be the first tenants in the second phase of its Shoppes at Fox River retail development in Waukesha, Wis.

Phase II development will break ground in April and, when fully built-out, it has potential to total 150,000 sq. ft. The first development in Phase II will include more than 47,000 sq. ft. of retail space on six of the approximately 18 acres of developable land adjacent to the existing Phase I buildings. The first Phase II development will include T.J. Maxx, Ulta, Rue 21 and Charming Charlie’s.

Phase I of The Shoppes at Fox River was opened in July 2009, with the final construction completed in September 2010. It includes about 273,000 sq. ft. of retail space. Currently, Phase I is 97% occupied, including a 132,000-sq.-ft. Target and a 60,000-sq.-ft. LEED-Silver certified Pick ‘n Save grocery store.

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REAL ESTATE

La Palmera announces five new retailers

BY Staff Writer

Corpus Christi, Texas — Trademark Property Group announced that its La Palmera property in Corpus Christi, Texas, has five new stores planning to open by late spring.

Construction is underway on White House | Black Market (3,453 sq. ft.), Soma Intimates (2,313 sq. ft); Bebe (4,885 sq. ft.); Traffic Shoes (1,105 sq. ft.); and Papaya (6,350 sq. ft.).

The Children’s Place has opened a 3,467-sq.-ft new location by Champs, and construction is underway on a Payless ShoeSource location (3,360 sq. ft.), adjacent to the new Papaya.

Trademark Property Co. and joint venture partner Institutional Mall Investors LLC (IMI) acquired the Staples Center on April 11. The center, now The Shops at La Palmera, will undergo rebranding along with a major redesign and renovation scheduled to begin late 2012 with completion slated for 2013.

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