REAL ESTATE

Image redoes its image

BY Michael Fickes

Moreno Valley, Calif. — Image, a junior fashion retailer, has re-opened at the Moreno Valley Mall in Moreno Valley, Calif., with a big brand new image. The new store has expanded to 10,000 sq. ft. and is located on the lower level between Crazy 8 and Sports Treasure, according to Spinoso Real Estate Group, the mall’s property manager.

The Moreno Valley Mall is home to 130 stores, restaurants and entertainment companies including Harkins Theatres, Round 1, Victoria’s Secret, Zales, Aeropostale, Express, Footlocker, Forever 21, Hollister, The Children’s Place and New York & Co. Anchors are Macy’s, J.C. Penney and Sears.

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REAL ESTATE

Carter’s to open in Alameda, Calif., center

BY Michael Fickes

Alameda, Calif. — Carter’s, a children’s clothing and accessories retailer, has signed a 10-year lease for a 4,178-sq.-ft. store at Alameda South Shore Center in Alameda, Calif., according to Jamestown, a real estate investment and management firm.

The new store, located close to Kohl’s, is scheduled to open in the first quarter of 2014. SRS Real Estate Partners represented Carter’s in the transaction.

South Shore Center is a 594,000-sq.-ft. open-air shopping center.

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New retailers sign into Arbor Lakes in Maple Grove, Minn.

BY Michael Fickes

Minneapolis — The Opus Group has announced office and retail leases and two land sales in the Arbor Lakes development in Maple Grove, Minn.

Pro Ag Management Inc. will occupy 9,179 sq. ft. on the second floor of the North End Office and Retail Building. With the Pro Ag lease, the center’s office space is now 100% leased. On the retail side, Sola Salon Studios has leased 4,524 sq. ft. of ground-level retail space in the same building. Colliers International brokers represented the tenants as well as Opus in these transactions.

The land sales took place at the Fountains at Arbor Lakes. KF Dental Company LLC acquired 1.3 acres, and Freddy’s Frozen Custard & Steakburgers purchased1.39 acres.

Hempel Companies represented KF Dental, while Colliers brokers represented Freddy’s and Opus www.opus-group.com in the sale transactions.

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