REAL ESTATE

Jones Lang LaSalle names team to expand services in New York

BY Staff Writer

Atlanta — Jones Lang LaSalle announced it has hired Paul Berkman, Craig Slosberg, Davie Berke and Justin Haber in New York. The retail brokers will head the expansion of the firm’s retail tenant representation services in Manhattan.

“Jones Lang LaSalle is committed to boosting its retail capabilities throughout the country, and Paul, Craig, Davie and Justin are the exact fit we need to enhance our New York retail operation,” said Greg Maloney, president and CEO of Jones Lang LaSalle Retail, Atlanta. “With so many national and global retailers competing for Manhattan retail space, it was crucial for us to expand our ability in that arena to serve their needs. Their expertise will also enable us to provide a much broader suite of retail services to building owners throughout the New York region.”

Nationally, Jones Lang LaSalle Retail has a third-party portfolio of nearly 100 million sq. ft. of space and offers services including accounting, development and construction, leasing and specialty leasing services, property management, receivership services and tenant representation services.

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REAL ESTATE

Sally Beauty Supply to open at Plantation Point

BY Staff Writer

Raleigh, N.C. — Dallas-based Cypress Equities announced that Sally Beauty Supply will open a 1,354-sq.-ft. location at Plantation Point Shopping Center, located in Raleigh, N.C.

Sally Beauty Supply will be located between Rapid Refill and Dollar Tree at Plantation Point Shopping Center. The store is slated to open in spring 2012.

Plantation Point Shopping Center is a 400,000-sq.-ft. power center developed and managed by a Cypress Equities company and features such tenants as Big Lots!, BJ’s Wholesale Club, Petco, Marshalls, Mattress Warehouse, Family Christian Bookstores, Dollar Tree, Dots, Avenue, On the Border Mexican Grill & Cantina, Mimi’s Café and Life Time Fitness.

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REAL ESTATE

Alamo Drafthouse Cinema to open first Manhattan location

BY Katherine Boccaccio

New York City — Charter Realty & Development announced it has leased 15,000 sq. ft. for a five-screen Alamo Drafthouse Cinema in Manhattan.

The location, 2626 Broadway, is in the upper west side and is owned by Bialek and Associates of Manhattan. Alamo will be occupying the former Metro Theater and intends on renovating it back to its former glory. The deal represents Alamo Drafthouse Cinema’s first entry into New York City and the company is looking for further growth opportunities in the market.

“My often-stated top priority for the Alamo Drafthouse has been to open a venue in New York,” said Alamo founder and CEO Tim League. “When we discovered the availability of the historic Metro Theater, we immediately knew we had found the perfect location for our new Manhattan home.”

The venue will feature five screens of new releases, repertory programming and the Alamo’s unique signature programming, as well as its typical seat-side food and drink service.

The new theater is currently scheduled to open in 2013.

In related news, Charter Realty also announced that, in tandem with Paraclete Realty, it has leased 34,000 sq. ft. to Alamo for a new 8-screen theater in Loudoun County, Va.

Alamo Drafthouse and its new franchise partner, Cojeaux Cinemas, will be occupying space in the 700,000-sq.-ft. One Loudoun Center located in the city of Ashburn and is slated to open in spring 2013.

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