REAL ESTATE

Lee & Associates names senior advisor

BY CSA STAFF

Indianapolis — Commercial real estate firm Lee & Associates announced the addition of Robyn Smart as a senior advisor of the Indianapolis office.

Smart specializes in tenant representation, site acquisition and landlord representation. In her new role, Smart will be responsible for all aspects of retail brokerage.

Prior to joining Lee & Associates, Smart most recently served as an advisor for CB Richard Ellis.

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REAL ESTATE

Five Below opens at Cortlandt Town Center

BY CSA STAFF

Mohegan Lake, N.Y. — Dallas-based SRS Real Estate Partners said that it negotiated a 7,210-sq.-ft. lease for Five Below at Cortlandt Town Center in Mohegan Lake, NY.

The new store opened in September 2010.

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REAL ESTATE

Pine Tree Commercial Realty forms JV with Silverpeak Real Estate Partners

BY CSA STAFF

Northbrook, Ill. — Pine Tree Commercial Realty and New York City-based Silverpeak Real Estate Partners announced they have formed a joint venture with the goal of acquiring retail assets and portfolios across the United States.

According to Chris Westfahl, principal of Silverpeak, and Peter Borzak, co-founder and principal of Pine Tree, the new JV – Pine Tree Silverpeak Retail Partners LLC – plans to pursue transactions greater than $10 million and across the risk spectrum, ranging from raw land for development to stabilized core assets.

"Specifically, we are seeking box- and grocery-anchored strip retail
centers," says Borzak, "as well as select mixed-use opportunities."

According to Westfahl, this will be the first retail platform that
the company has launched since the investment advisory business formed
last year as a successor to Lehman Brothers Real Estate Partners.

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