REAL ESTATE

JLL brokers sale of Bradley Square Mall

BY CSA STAFF

Cleveland, Tenn. — Atlanta-based Jones Lang LaSalle said it has completed the sale of Bradley Square Mall in Cleveland, Tenn., to Baton Rouge, La.-based MD Ruston Properties, LLC on behalf of a special servicer.

The 406,845-sq.-ft. regional mall is anchored by Belk, J.C. Penney, Sears and Kmart.

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REAL ESTATE

RKF retained as leasing agent for Elevation Burger franchisee

BY CSA STAFF

New York City — Robert K. Futterman & Associates said it has been retained as the exclusive retail leasing agent for the Manhattan franchisee of Elevation Burger, which controls the chain’s locations south of 50th Street and is currently the only Manhattan franchisee.

Earlier this year, RKF represented the burger chain’s franchisee in the leasing of its Manhattan flagship location at 103 West 14th Street between Sixth and Seventh Avenues. It is scheduled to open in December.

“Elevation Burger is looking to expand in the New York market and nationally and has plans to open and operate 20 franchises, ranging from 1,500-2,500 sq. ft., throughout Manhattan,” said RKF director Greg Covey.

The restaurant chain currently operates locations in New Jersey; Pennsylvania; Virginia; Washington, D.C.; Maryland; Texas; and Florida, with the goal of 100 locations nationwide by 2013.

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REAL ESTATE

Hobby Town USA opens at Central Station

BY CSA STAFF

College Station, Texas — Hobby Town USA recently opened a new 2,480-sq.-ft. store at Central Station, located in College Station, Texas.

Central Station is owned by New York City-based Centro Properties Group.

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