JLL names Houston lead
Houston — JLL announced it has expanded its retail capabilities into Houston with the addition of Mark Raines as a senior VP. Partnering with Dallas retail brokerage lead Clay Smith and Austin and San Antonio market lead Todd Wallace, Raines will focus on JLL’s retail business including tenant representation and agency leasing and will serve as Houston’s retail brokerage leader.
Raines joins JLL from a competing global brokerage firm, where he specialized in retail brokerage services for national, regional and entrepreneurial tenants in the greater Houston area.
Coffee Bean & Tea Leaf inks Japan rollout deal
Los Angeles — The Coffee Bean & Tea Leaf has inked an exclusive deal with developer L.A. Style to expand the coffee and tea retailer into Japan by the end of this year.
L.A. Style is a joint-venture partnership between fast-casual restaurateur Hotland Co. and Japan’s largest shopping mall developer Aeon Mall Co.
The deal ultimately calls for 200 stores across Japan.
“It’s an exciting time to enter such a prolific coffee market like Japan, where we can appeal to consumers who are searching for an exceptional coffee and tea experience,” said John Dawson, Coffee Bean & Tea Leaf president and CEO. “This is an important milestone demonstrating our commitment to continued growth in Asia.”
The expansion into Japan is the latest major announcement in the brand’s growth and expansion initiatives enacted since the appointment of John Dawson in January 2014, and following the September 2013 investment by private equity firms Advent International, CDIB Capital, and Mirae Private Equity.
Divaris signs 3 leases for 14,000 sq. ft. in Richmond
Richmond, Virginia — Divaris Real Estate announced the signing of three leases totaling approximately 14,000 sq. ft. of commercial space in Richmond, Virginia.
Dollar General renewed its lease for 8,000 sq. ft. in the Divaris-leased and –managed 360 West Shopping Center, located at 7218 Hull Street Rd.
The Dolan Company signed a lease for 3,120 sq. ft. of office space, and Liquid Glass Kustomz, automotive customizing, signed a lease for 2,856 sq. ft. of flex space in the Divaris-leased and –managed Belt Trade Center.