REAL ESTATE

March of Dimes to honor NRDC

BY Michael Fickes

Purchase, N.Y. — The March of Dimes Greater N.Y. Chapter and the Real Estate Award Breakfast Committee have named National Realty & Development Corp. as the 2013 Real Estate Award recipient.

This year marks the 26th annual Real Estate Award Breakfast and the 75th aAnniversary of the March of Dimes. The breakfast will be held November 14 at the Renaissance Westchester Hotel in White Plains.

The annual breakfast honors outstanding individuals and companies whose commercial real estate activities have significantly enhanced the community.

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REAL ESTATE

Ashley Furniture signs into Seacourt Pavilion

BY Michael Fickes

Toms River, N.J. — Ashley Furniture has leased 34,097 sq. ft. at Seacourt Pavilion in Toms River, N.J. The new store is slated to open in April 2014. Metro Commercial Real Estate represented the owner, SP Acquisition Associations.

Ashley Furniture is the top selling furniture store brand in the world and the top retailer of furniture and bedding in the U.S. The company’s stores operate throughout the U.S., Canada, Mexico, Central America and Japan.

With this transaction, Metro Commercial has brought three anchors to Seacourt, which is now 96% occupied.

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REAL ESTATE

Premium Outlets Montreal break ground

BY Michael Fickes

Montreal — Simon Property Group, SmartCentres and Calloway REIT hosted a groundbreaking ceremony on Oct. 2 to begin construction of Premium Outlets Montreal, the second Premium Outlet Center in Canada.

Phase I of the project will open in the fall of 2014, featuring more than 80 upscale stores within the planned 366,000-sq.-ft. center. Some of the brands include Polo Ralph Lauren, Michael Kors, Max Mara, Aldo, DKNY, Sarah Pachini, Rudsak, Nike, Reebok, Rockport, Fossil, Watch Station, Presse Café, Sunglass Hut, Tommy Hilfiger, Calvin Klein, Crabtree & Evelyn, Lindt Chocolate and many more.

Simon’s Premium Outlets portfolio contains 81 outlet centers. The company has partnered with Calloway REIT, one of Canada’s largest real estate investment trusts, and SmartCentres, Canada’s largest developer and operator of unenclosed shopping centers.

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