REAL ESTATE

Microsoft to make San Francisco debut at Westfield mega property

BY Katherine Boccaccio

San Francisco — Westfield San Francisco Centre will be home to the city’s first Microsoft retail store, slated to open on April 25.

Other mall additions include Samsonite, Color Me Mine ceramics studio, Amy’s Hallmark and pop-up store Celestine SF.

“Microsoft’s arrival is a key component that bolsters our suite of interactive, technology retailers, and along with the other new additions, will continue to reinforce why the Centre is a must-visit destination for Bay Area locals and visitors alike,” said Shelly Schembre, VP and senior general manager of Westfield San Francisco Centre.

Microsoft will be located on Level 2, near Bloomingdale’s, in a 7,300-sq.-ft. space.

Amy’s Hallmark is slated to open in May in 3,700 sq. ft., and Samsonite opened a 2,000-sq.-ft. store on Level 2 on March 29.

Ceramics studio Color Me Mine also has opened, on Level 4 near The Restaurant Collection Under the Dome.

Additionally, for a limited time this spring, locally based women’s clothing and jewelry retailer Celestine SF will operate a pop-up shop at the Centre on Level 4, next to M.Y. China.

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REAL ESTATE

New pet supply to open at Pine Ridge Crossing

BY Katherine Boccaccio

Naples, Fla. — Indianapolis-based Kite Realty Group said that Earthwise Pet Supply has leased 3,020 sq. ft. at Pine Ridge Crossing, located in Naples, Fla.

The landlord is KRG Pine Ridge.

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REAL ESTATE

DDR acquires $81 million in assets, including Dallas power center

BY Katherine Boccaccio

Beachwood, Ohio — DDR Corp. announced Monday that, during the first quarter, it acquired two prime assets in Dallas and in Oakland, Calif., for $81 million.

Also during the quarter, DDR disposed of $46 million of non-prime assets, including $8 million of non-income producing assets.

The acquired properties include Marketplace at Highland Village, a 400,000-sq.-ft. power center in Dallas, purchased for $40 million and anchored by Walmart, T.J. Maxx, HomeGoods, Petco, LA Fitness and Office Depot. With this acquisition, DDR now owns and manages six prime power centers comprised of 1.8 million sq. ft. in Dallas.

DDR also acquired Whole Foods at Bay Place, a 57,000-sq.-ft. asset in downtown Oakland, Calif., for $41 million.

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