REAL ESTATE

Le Gourmet Chef opens at Springfield Mall

BY CSA STAFF

Springfield, Pa. — Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Le Gourmet Chef has opened at its Springfield Mall property, located in Springfield, Pa.

The 3,650-sq.-ft. store is located on the lower level next to Macy’s.

Springfield Mall, featuring Target, Macy’s and Carrabba’s Italian Grill, is jointly owned by PREIT and Kravco Simon Investments, an affiliate of Simon Property Group.

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REAL ESTATE

Donahue Schriber announces executive retirement

BY CSA STAFF

Costa Mesa, Calif. — Donahue Schriber said Friday that executive VP Michele Babcock will resign the company, effective March 31.

During her 15-year tenure, Babcock led the leasing and remerchandising of 33 centers encompassing four million sq. ft. to record performance levels, according to the company.

Babcock said she is retiring from Donahue Schriber in order to travel, spend more time with her family and focus on charitable pursuits.

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REAL ESTATE

Four new tenants join Rialto mixed-use property

BY CSA STAFF

Orlando, Fla. — The Wilder Cos. and CNL Commercial Real Estate said Friday that three new retailers and a new eatery will open at Rialto, located in Orlando, Fla.

Wilder, the developer and owner of Rialto, said iStudio Salon, The Spectacle Shop, You Nails and Jimmy John’s Gourmet Sandwiches will open this spring through early summer.

Rialto is a 350,000-sq.-ft. mixed-use project that is slated to include more than 75,000 sq. ft. of retail and restaurants, 50,000 sq. ft. of Class A office space and 200 luxury residential units.

Current tenants include Ocean Prime, J. Alexander’s, Bar Louie, Bento Sushi Café, Flipper’s Pizza, Put a Cork In It, Sadler’s Fine Clothier and Rain Salon.

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