REAL ESTATE

Juanita Tate Marketplace brings diverse food options to South L.A.

BY Katherine Boccaccio

Los Angeles — Juanita Tate Marketplace is now open, bringing 77,096 sq. ft. of outdoor retail space with a full-service grocery to the highly underserved surrounding community. Located at 944 East Slauson Avenue in South Los Angeles, the $21-million development is situated on a 6.5-acre site, which was formerly used as a scrap-metal plant.

Construction began in May 2013 and completed in April 2014. The center is owned by Regency Centers and was designed by Nadel.

“In these urban areas, walkability is key,” said Greg Palaski, principal and project director with Nadel, Inc. “This project provides a much needed retail center and offers jobs and diverse food options to the surrounding community.”

Developed by Regency Centers, in conjunction with Concerned Citizens of South Central Los Angeles, the center is comprised of four different buildings that include Northgate Market, which occupies a 42,500-sq.-ft. building, a 14,576-sq.-ft. CVS/pharmacy and two additional free-standing shop buildings totaling 20,000 sq. ft. with space for up to 12 small shops. Additional tenants include Chase Bank, Little Caesar’s Pizza, Panda Express, Starbucks, Wabu Grill Teriyaki House, Wing Stop and Yogurtland. The site will also include an educational community center run by CCSCLA.

“We spent a great deal of time working with Nadel to design a center that looks great and will function well long term,” said John Mehigan, regional officer and VP of investments with Regency Centers.

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REAL ESTATE

T.J.Maxx to open five stores in Chicago area

BY Marianne Wilson

Framingham, Mass. — T.J.Maxx will be opening five stores in the Chicagoland area starting this week and through October.

"The opening of these five stores in the Chicagoland area marks a momentous occasion for our brand," Richard Sherr, president of T.J.Maxx, stated.

All five T.J.Maxx stores will occupy over 122,000 sq. ft. of retail space.

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Country Club Prep Opens first brick-and-mortar store with further expansion planned

BY Katherine Boccaccio

Atlanta — Country Club Prep, an e-commerce retailer for preppy apparel, is hosting the grand opening of its first brick-and-mortar store in Charlottesville, Virginia, on Aug. 23. Launched from a basement in 2012 by two former attorneys Matt Watson and Stephen Glasgow, the concept will launch its brick-and-mortar presence at the University of Virginia.

“In the past few years we have seen how prepsters like us prefer to shop, and we recognized an opportunity to extend our brand offline to enhance the shopping experience for our customers,” said Glasgow.

On the heels of the Charlottesville grand opening, the founders are already planning their second location near the University of Kentucky, with an anticipated opening this fall.

“[Customers] want a brand who gets them – who understands their tastes and sense of style, and who is a natural part of their culture,” said Watson. “That’s the void we’re looking to fill by opening in college and resort towns.”

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