REAL ESTATE

Kona Grill to open at West 7th

BY Katherine Boccaccio

Fort Worth, Texas — Cypress Equities, the developers of West 7th in Fort Worth, Texas, announced that Kona Grill will open a new restaurant location within the mixed-use development later this year.

The new 7,500-sq.-ft. restaurant marks Kona Grill’s fifth Texas location and second in the DFW metroplex.

West 7th’s mixed-use community is comprised of retail, entertainment, office and residential in 13 acres. The retail and office components are being developed by a Cypress Equities company and the residential component by Columbus Realty Partners.

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REAL ESTATE

Jones Lang LaSalle brokers sales of Bethesda Walk

BY Katherine Boccaccio

Atlanta — Jones Lang LaSalle’s Capital Markets announced that the firm has closed the sale of Bethesda Walk in the Lawrenceville suburb of Atlanta, on behalf of DLC Management Corp., Tarrytown, N.Y.

Solon Mack Real Estate purchased the 68,271-sq.-ft. shopping center, which is anchored by a 44,271-sq.-ft. Walmart Neighborhood Market that opened in mid-2012.

Terms of the deal were not disclosed.

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Mid-America signs 68,000+ sq. ft. of home furnishings stores in Illinois

BY Katherine Boccaccio

Oakbrook Terrace, Ill. — Mid-America Asset Management said it has signed three furniture/home décor stores to retail locations in Chicago’s suburbs of Oak Brook and McHenry as well as downstate in Bloomington, Ill.

Ashley Furniture signed a lease for 31,573 sq. ft. at Colonial Plaza in Bloomington, Ill., with plans to open in spring 2013. Ashley Furniture will co-anchor the 236,460-sq.-ft. center along with Kmart and OfficeMax.

Chicagoland furniture chain The Room Place signed a lease for 23,800 sq. ft. at a free-standing former Border’s store in McHenry, Ill, with plans to open in summer 2013.

Pier 1 Imports signed a lease for 12,996 sq. ft. at The Shops at Oak Brook Place in Oak Brook, Ill., with plans to open in September 2013. The 177,206-sq.-ft. center is anchored by Old Navy, T.J. Maxx, DSW, Nordstrom Rack and Cost Plus.

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