REAL ESTATE

I.O. Metro to open three metro Atlanta locations

BY CSA STAFF

Atlanta Specialty lifestyle furniture retailer I.O. Metro has signed a total of 33,580 sq. ft. at three metro Atlanta Avenue locations, including The Avenue Forsyth in Cumming, Ga.; The Avenue Webb Gin in Snellville, Ga.; and The Avenue West Cobb in Marietta, Ga.

In August, I.O. Metro will make its Georgia debut in all three locations simultaneously, making 20 stores in eight states across the South for the retailer.

In addition to the signing of I.O. Metro, The Avenue has celebrated the opening of six other retailers since the New Year — most recently Francesca’s Collections on Feb. 19 at The Avenue East Cobb in Marietta, Ga. 

The Avenue, introduced by Cousins Properties in 1998, is an outdoor lifestyle center concept with eight locations throughout the Southeast. 

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REAL ESTATE

Regency Centers acquires grocery-anchored shopping center

BY CSA STAFF

Charlotte, N.C. Jacksonville, Fla.-based Regency Centers announced it has, along with its co-investment partner, purchased Providence Commons, a 191,300-sq.-ft. neighborhood center anchored by Harris Teeter, from Providence Road West Development Co.

Providence Commons also features Lowe’s Home Improvement and Rite-Aid.

“The addition of Providence Commons supports Regency’s plans for continued growth in Charlotte and the region,” said Regency Centers’ Chris Widmayer, VP investments. “Over the next five years, Regency expects to invest more than $1 billion in Class A shopping centers like Providence Commons and other well-positioned value-add opportunities.”

Providence Commons will be Regency’s third shopping center in the Charlotte market. Regency also owns Carmel Commons and Cochran Commons.

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REAL ESTATE

Beachbreak opens at Lake Elsinore Outlets

BY CSA STAFF

Lake Elsinore, Calif. Beachbreak swimwear shop opened an outlet on March 11 at Lake Elsinore Outlets, in Lake Elsinore, Calif.

The new 1,751-sq.-ft. store features a deep selection of swimsuits year round. This is the retailer’s second store.

Lake Elsinore Outlets is also home to Pottery Barn Outlet, Guess Outlet, Gap Outlet, Lane Bryant Outlet, Nike Factory Store, Old Navy, The Children’s Place, Bath & Body Works, and more.

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