REAL ESTATE

Lexy takes larger space at Moreno Valley, Calif., center

BY Michael Fickes

Syracuse, N.Y. — Junior fashion retailer, Lexy, has expanded into a new 3,098-sq.-ft. store at Moreno Valley Mall in Moreno Valley, Calif. The new store opened on Feb. 14.

Managed by Spinoso Real Estate Group, the center is home to 130 stores and restaurants including a number of new arrivals. Crunch Fitness recently moved into a 20,000-sq.-ft space. Junior fashion retailer, Image, opened in December 2013.

Other names in the lineup include Harkins Theatres, round1, Victoria’s Secret, Zales, Aeropostale, Express, Footlocker, Forever 21, Hollister, The Children’s Place and New York & Co.

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News

Revionics appoints new board chairman

BY CSA STAFF

Revionics, a leading provider of end-to-end merchandise optimization solutions, has named the company’s president and CEO Marc Hafner as chairman of the board.

Hafner has served as president and CEO since 2010 and with this newly added role he will lead the company’s strategic planning and accelerate its global growth.

“The appointment of Marc Hafner to chairman of our board of directors is another vital step in Revionics’ growth and development,” said Dave Schwab, managing director at Sierra Ventures. “Marc is an accomplished executive and strategic decision maker who has consistently delivered double-digit growth year-over-year, broadened the Revionics product platform and has achieved a near 100% customer renewal rate. Given his successful track record, in-depth expertise in growing global companies and his strong strategic vision for Revionics, Marc is the ideal executive for this appointment.”

Since joining Revionics in 2010, Hafner has strategically expanded the company’s Software-as-a-Service portfolio and global reach. Revionics’ solutions are now used by more than 37,000 retail sites including grocery, drug, general merchandise, convenience, specialty, home improvement, discount and e-commerce retailers.

“I am honored to be given the opportunity to lead the board of directors for Revionics and have a greater impact on the strategic direction of the company and continue to meet the changing needs of retailers,” said Hafner.

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REAL ESTATE

BurgerMonger to Northwood Commons in Clearwater, Fla.

BY Michael Fickes

Tampa, Fla. — BurgerMonger has taken a 2,700-sq.-ft. lease at Northwood Commons shopping center in Clearwater, Fla. This will be the restaurants fifth location, according to Florida Retail Partners, an X Team partner and co-broker representing BurgerMonger on the transaction. National Real Estate Ventures was the other co-broker.

When the new BurgerMonger opens in April, the fast casual restaurant will have four locations in the Tampa Bay metropolitan area and one in Willow Grove, Pa.

X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe.

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