Levin secures three new management and leasing assignments
North Plainfield, N.J. — Levin Management Corp. announced that it has secured three new management and leasing assignments involving six properties in New York and New Jersey.
The first appointment involves a portfolio of four, privately owned shopping centers in Tappan, N.Y., totaling 76,000 sq. ft. The properties include Tappan Plaza, an adjacent 15,000-sq.-ft. center anchored by Retro Fitness, and twin strip centers Stateline Plaza I and Stateline Plaza II.
The second assignment involves 16,000 sq. ft. of urban street retail in Irvington, N.J., and the third a 15,000-sq.-ft., bank-owned property in central New Jersey.
Dillard’s to open at Rayzor Ranch Town Center
Denton, Texas — RED Development announced it will bring Dillard’s department store to Rayzor Ranch Town Center, the new, open-air retail and entertainment destination now under development in Denton, Texas.
Dillard’s, being planned as a 126,000-sq.-ft. store, is the first anchor department store named for the new project since RED became an owner and assumed the management of the property in 2010.
Progress at the adjacent retail property – the 800,000-sq.-ft. Rayzor Ranch Marketplace – has been significant in 2012: This year RED announced Kohl’s, Famous Footwear, Jo-Ann Fabric and Craft Store, and Petco, all slated to open in 2013. These retailers will join the property’s already open Sam’s Club and Walmart Supercenter, among other retailers and restaurants.
RED is developing two complementary retail properties – Rayzor Ranch Marketplace and Rayzor Ranch Town Center – both part of the master-planned, 400-acre mixed-use Rayzor Ranch development in Denton, 35 miles north of Dallas-Fort Worth.
“Dillard’s is very pleased to be the cornerstone of Rayzor Ranch Town Center,” said William Dillard II, CEO. “The project RED is creating – all open-air with great design and a wonderful experience for shoppers – is exactly where Dillard’s wants to be in this attractive, high-growth market.”
Current plans for Rayzor Ranch Town Center call for a 600,000-sq.-ft. regional shopping destination at the intersection of I-35 and U.S. 380 in the heart of Denton. In addition to retail, the new outdoor project will feature gathering spaces, lush landscaping and other amenities.
CBRE names Minneapolis head
Los Angeles — CBRE Group said it has appointed Blake R. Hastings as managing director of its Minneapolis office, effective January 1, 2013.
Hastings succeeds Whit Peyton, who will be stepping down after more than two decades of service.
In his new position, Hastings will be responsible for overseeing all CBRE’s operations in Minnesota.