REAL ESTATE

McDonald’s to open new restaurant at Springfield Plaza

BY Staff Writer

Springfield, Mass. — Charter Realty & Development Corp. said that it has arranged for a 2,500-sq.-ft. lease for McDonald’s located in the Springfield Plaza in Springfield, Mass.

Springfield Plaza is a 550,000-sq.-ft. center anchored by Kmart, Rocky’s, TJ Maxx, Ocean State Job Lot, Savers, Stop & Shop and Entertainment Cinema. McDonald’s will be locating on a site formerly occupied by KFC. Construction is expected to start shortly, said Charter.

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REAL ESTATE

DRA Advisors acquires Streets of Brentwood

BY Staff Writer

Dallas — SRS Real Estate Partners said it represented Brentwood Specialty Center, LLC in the sale of The Streets of Brentwood to a partnership between New York City-based DRA Advisors and RED Legacy out of Kansas City.

The 305,428-sq.-ft. lifestyle center, located in Brentwood, Calif., sold for $72.1 million. It is anchored by a 14-screen Rave Theater and features tenants such as REI, Banana Republic, DSW, Ulta Cosmetics, Ann Taylor and Jos. A. Bank. The property sale also included a parcel of developable land approved for Phase II and 110,000 sq. ft. of additional retail space.

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REAL ESTATE

Five Guys Burgers to open at Plaza at Cedar Hill

BY Staff Writer

Cedar Hill, Texas — Indianapolis-based Kite Realty Group said that Five Guys Burgers & Fries has leased 2,500 sq. ft. at Plaza at Cedar Hill, located in Cedar Hill, Texas.

The 303,540-sq.-ft. power center is anchored by Marshalls, Home Goods, Hobby Lobby, Dress Barn, DSW, Ross, Office Max, Toys “R” Us / Babies “R” Us and Sprouts.

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P.Lopez says:
Apr-10-2013 12:13 pm

ChatRandom
Mulpuru advised retailers to follow the blueprint of technology leaders such as Amazon and Google and take a “lowest common denominator” approach to design. ChatRandom

P.Lopez says:
Apr-10-2013 12:13 pm

Mulpuru advised retailers to follow the blueprint of technology leaders such as Amazon and Google and take a “lowest common denominator” approach to design. ChatRandom

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