REAL ESTATE

Loft to open two new Calif. stores

BY CSA STAFF

Newport Beach, Calif. — Grubb & Ellis Co. Said it has secured two new leases for Loft, a division of Ann Taylor Stores Corp., for a total of 10,589 sq. ft. of retail space in Marina Del Ray and Calabasas, Calif.

The company signed a 10-year lease for 5,420 sq. ft. at Waterside in Marina Del Ray, and 5,169 sq. ft. at The Commons at Calabasas.

The two new stores are expected to open this spring.

Both properties are owned by Caruso Affiliated.

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REAL ESTATE

Grapevine Mills names marketing director

BY CSA STAFF

Grapevine, Texas — Indianapolis-based Simon Property Group said that Kerri Bear has joined the management team at Grapevine Mills as director of marketing and business development.

Bear will be responsible for managing marketing, advertising and public relations programs, as well as selling in-mall media, securing sponsorships, coordinating promotional events and driving tourism.

Grapevine Mills is the largest outlet and value retail shopping destination in North Texas, featuring Last Call by Neiman Marcus, Saks Fifth Avenue Off 5th, J. Crew Factory, Forever 21, Banana Republic Factory Store, G by Guess, Gap Generation, Ecko Unlimited, Tommy Hilfiger Company Store, Abercrombie & Fitch Outlet, Ann Taylor Loft, Nike Factory Store and Oakley Vault.

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REAL ESTATE

Intermix to open new store in Meatpacking District

BY CSA STAFF

New York City — Robert K. Futterman & Associates announced it has secured a long-term, 2,725-sq. ft. lease with high-end apparel and accessories retailer Intermix in Manhattan’s Meatpacking District.

This completes the first of three phases of leasing at the building, which is situated on the southwest corner at the intersection of Washington and Gansevoort Streets, where Intermix will have two entrances.

Scheduled to open in August 2011, the new store will be located at the base of the West Coast, a 389,376-sq.-ft., 159-unit luxury rental apartment building owned and managed by TF Cornerstone. This will be the brand’s sixth store in Manhattan.

Intermix will occupy 1,885 sq. ft. on the ground floor, 240 sq. ft. in the mezzanine and 600 sq. ft. in the basement.

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