REAL ESTATE

Inland Real Estate Group names COO

BY Katherine Boccaccio

Oak Brook, Ill. — The Inland Real Estate Group of Cos. announced the appointment of Timothy D. Hutchison as COO of The Inland Real Estate Group.

In this position, Hutchison will be responsible for all non-investment operations of the company. Additionally, he will retain his duties as head of The Inland Services Group, leading the shared service entities.

Hutchison joined Inland in 2005 after having spent 14 years in operations and management roles in municipal government.

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REAL ESTATE

Two additional tenants join Cobblestone Plaza

BY Staff Writer

Pembroke Pines, Fla. — Indianapolis-based Kite Realty Group announces that two additional tenants have joined Cobblestone Plaza, located in Pembroke Pines, Fla.

Great Clips will open a 1,066-sq.-ft. store and Michael’s Jewelry will open in a 1,400-sq.-ft. space.

The 140,452-sq.-ft. Cobblestone Plaza is newly anchored by Whole Foods, which opened March 28, joining All Pets Emporium and Party City.

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REAL ESTATE

Art Institute of St. Louis to open at Streets of St. Charles

BY Katherine Boccaccio

St. Charles, Mo. — Peoria, Ill.-based Cullinan Properties announced that The Art Institute of St. Louis has signed a lease and will be opening a school at the new Streets of St. Charles mixed-use development, with classes scheduled to begin in July.

The development, located in St. Charles/Metro St. Louis, is currently delivering spaces to all of its phase one tenancy.

The Art Institute of St. Louis is one of The Art Institutes, a system of more than 50 educational institutions located throughout North America.

Upon completion, The Streets of St. Charles will total more than 1 million sq. ft. with uses such as retail, restaurants, entertainment, office, hotel and residential. The initial Phase I building, which opened May 1, is a three-story structure of approximately 100,000 sq. ft. Tenants joining The Art Institute of St. Louis in Phase I include: Tucanos Brazilian Grill, Five Guys Burgers & Fries, The Streets of St. Charles Dental, Massage LuXe, Wamhoff Financial Planning and Accounting Services, Brown Smith Wallace, and Cole & Associates.

The Phase I retail, restaurant and office uses will be opening beginning in May and continuing through the summer. Phase II construction has already begun on a 400,000-sq.-ft. building including retail, entertainment and residential, opening fall 2013.

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