REAL ESTATE

Jones Lang LaSalle appoints retail leasing specialist

BY Staff Writer

San Francisco — Jones Lang LaSalle announced that John Stevens joined the firm’s San Francisco office as VP leasing specialist. A 25-year veteran of commercial real estate, Stevens will focus on leasing space in the firm’s 12 million-sq.-ft., third-party retail portfolio on the West Coast.

Stevens joins Jones Lang LaSalle from General Growth Properties where, for more than 13 years, he leased some of the REIT’s largest and most productive properties in the Western United States, including San Francisco’s Stonestown Galleria, Eastridge Mall in San Jose and Southland Mall in Hayward, Calif.

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REAL ESTATE

Levin named leasing and management agent for Moorestown Shopping Center

BY Katherine Boccaccio

Moorestown, N.J. — North Plainfield, N.J.-based Levin Management Corp. said it has been appointed property manager and exclusive leasing agent for Moorestown Shopping Center, a 48,920-sq.-ft. retail venue in Moorestown, N.J.

The center is tenanted by health club Retro Fitness, along with Dunkin’ Donuts, Family Dollar and a number of local businesses, including a dry cleaner, a martial arts studio and a tanning and beauty salon.

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REAL ESTATE

Rice Lake Square completes renovation

BY Katherine Boccaccio

Wheaton, Ill. — Oakbrook Terrace, Ill.-based Mid-America Asset Management announced that the expansive renovation of Rice Lake Square, in Wheaton, Ill., has been completed.

The 251,313-sq.-ft. shopping center, renovated over a five-month period, received new roof uplighting and tower elements, two new pedestrian plazas, several parking spaces, improvements to traffic flow and landscaping, and new signage that was placed last December.

According to Mid-America Asset Manager, which oversaw the renovation, the property’s owner Grosvenor Americas wanted to improve the property’s placement in the local market so that when the recession was over, retailers would see this as the premier shopping center in the area.

The architect on the project was Pappageorge Haymes Partners, civil engineer was SpaceCo, Inc., landscape architect was Hitchcock Design Group and the general contractor was Pepper Construction.

This is the first major enhancement to Rice Lake Square since it was constructed in two phases between 1990 and 1992. Anchors include Whole Foods, Stein Mart and PetsMart.

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