REAL ESTATE

Lego opens new Legoland Discovery Center in Massachusetts May 23

BY Dan Berthiaume

Billund, Denmark – The Lego Group opens a new Legoland Discovery Center store at Assembly Row in Somerville, Massachusetts, on May 23. The 44.000-sq.-ft. store will include two Lego rides, a 4-D cinema, and a large soft play area.

It will feature 11 attractions in total and be the sixth Legoland Discovery Center in the U.S. and 10th worldwide. The store is aimed at children ages 3-10, but minors must be accompanied by an adult.

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REAL ESTATE

Whole Foods opens Oregon store May 21

BY Dan Berthiaume

Austin, Texas – Whole Foods Market is thrilled opens a new location at Greenway Town Center in Tigard, Oregon, on May 21. The store will feature products from local producers, a community art installation, LED lighting, recycled building materials, a fire pit, and a three-season outdoor seating area for about 60 customers.

"We designed our Greenway store to cater specifically to the families and residents of this community," said Whole Foods Market regional president Joe Rogoff. "We hope this store will become a community gathering place, and a destination for high-quality, affordable food with a focus on local, healthy, organic and fresh."

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NewMark Merrill launches technology affiliate

BY Michael Fickes

Woodland Hills, Calif. — E-commerce and smartphones are re-shaping brick-and-mortar shopping center industry. In recognition of that trend, NewMark Merrill Cos. has launched BrightStreet Ventures, a technology affiliate focused on developing new technology platforms.

“We believe that the rise of mobile has significant offensive and defensive implications for shopping center owners and managers,” said Sandy Sigal, CEO of NewMark Merrill. “There is considerable evidence that merchants who embrace mobile strategies within their business see material sales lift, as compared to retailers who only embrace the physical channel. Towards that end, we intend to provide our industry the tools they need to make mobile-friendly and data-driven decisions about their business.”

BrightStreet will work with entrepreneurs in three ways:

1. Providing a ‘test tube’ for rolling out new platforms at shopping centers across a variety of geographic, economic and tenant mix environments.

2. Offering incubation, advisory and partner network access at NewMark Merrill’s headquarters.
3. Investing in entrepreneurs (i.e., check writing) with clear synergies to NewMark Merrill’s core business.

The new technology affiliate will be led by Mark Sigal, a five-time entrepreneur and angel investor with over 25 years of technology and real estate success, including exits to IBM, Intel and Apple. The BrightStreet Ventures team will be available at ICSC RECon Convention; Las Vegas, May 18-20. Booth number S3867-R Street.

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