REAL ESTATE

Investment company buys Denton, Texas, town center

BY Michael Fickes

Dallas — Greenway Investment Co. has acquired Denton Town Center in Denton, Texas, from a family trust represented by the Dallas office of Transwestern. Dollar-Flowers Realty Partners represented Greenway.

The 77,592-sq.-ft. Denton Town Center is located across from the Golden Triangle Mall. The two-story, two-building property was 85 percent occupied at the time of sale. Long-term tenants include Vision Works, Sleep Experts, Cici’s Pizza, Carter Blood Care, Jason’s Deli and the U.S. Armed Forces. Transwestern has been leasing the center for more than 15 years.

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REAL ESTATE

CVS, The Boulevard restaurant ink leases at Queens center

BY Dan Berthiaume

Queens, N.Y. — A CVS Pharmacy and The Boulevard, a new family restaurant, have leased space in the Francis Lewis Boulevard Shopping Center in the Whitestone section of Queens, N.Y.

The CVS transaction is a lease renewal for an existing 13,500-sq.-ft. pharmacy. The Boulevard has taken 4,000 sq. ft. and plans to open by the end of March.

The Francis Lewis Boulevard tenant lineup also includes McDonalds, First Savings Bank, Kumon and Aphrodite Sweets.

Muss Development LLC, the owner and operator of the shopping center, has plans to upgrade the center when a 4,000-sq.-ft. parcel adjacent to CVS becomes available in the second quarter.

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Google eyeing store site in New York City

BY Marianne Wilson

New York — Google. Inc. may be close to signing a lease for its first-ever freestanding retail store in the United States, according to Crain’s New York Business. The site is located in New York City’s SoHo area, at 131 Greene Street, and is just a block away from an Apple store.

The search giant reportedly wants to open brick-and-mortar stores to showcase its various gadgets, ranging from the Nexus line of smartphones and tablets to the Chromebook Pixel laptop. The company is also getting ready to go public with its Google Glass eyewear and smartwatches.

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