Mansour Group arranges sale of southern California Stein Mart building
La Quinta, California —The Mansour Group has announced the sale of a 36,000-sq.-ft. Stein Mart building located in La Quinta, California. Sale price was approximately $8 million.
The property was sold via Mansour Group by an unnamed developer to a private, all-cash investor out of San Diego.
The freestanding building is situated in Washington Park, a 600,000-sq.-ft. power and lifestyle center anchored by Lowe’s, Target, Cost Plus, Office Depot, Trader Joe’s with plans for additional construction.
Shipping containers recycled as retail spaces at new Assembly Row center, in Boston area
New York — Boxman Studios, a leader in shipping container modification, have created a one-of-a-kind dining and retail venue from shipping containers to anchor Assembly Row, a new mixed-use development in Somerville, Massachusetts, which is just outside of Boston.
Four modified 20-ft. shipping containers make up SombBlox, an homage to Somerville’s historically industrial past. The four containers create three distinct spaces that are all ADA accessible and include electrical and lighting.
Two containers are designed for retail spaces with easy-to-open 8-ft. hinged storefront windows and steel doors to quickly adapt to weather conditions. Two containers have been outfitted with kitchen equipment and plumbing and will house retail and food prep areas for Somerville Brewing Company’s American Fresh Taproom, which will feature a 60-seat, open-air beer garden.
The unique container courtyard is scheduled to open Aug. 2.
“We wanted to highlight Somerville’s artistic community and its heritage, and Somblox will be the perfect blend of the two,” said Russ Joyner, VP and general manager, Federal Realty, which is developing Assembly Row. “Locals will feel right at home, entrepreneurs and growing businesses can test drive their concepts, and visitors will be introduced to a slice of local flavor.”
Sbarro enters Bolivia market
Columbus, Ohio – Sbarro is entering into Bolivia with a new store opening at the Ventura Mall in Santa Cruz. Sbarro Bolivia SRL plans to open a total of 10 eateries in Bolivia during the next decade.
The franchise agreement with Sbarro Bolivia SRL further expands Sbarro’s footprint in South America, which currently includes eateries in Brazil and Colombia, as well as locations launching soon in Peru.