REAL ESTATE

Muska Milano to open on Madison Avenue

BY CSA STAFF

New York City — Prudential Douglas Eilliman’s Retail Group announced that in less than two weeks after arranging the sale of a multi-level retail condominium at 1086 Madison Avenue, the retail sales and leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, have leased the boutique space to luxury handbag and accessories importer Muska Milano.

The 1,200-sq.-ft. store, which is located between 81st and 82nd Streets, features approximately 400 sq. ft. at ground level with a 100-sq.-ft. mezzanine, plus a 700-sq.-ft. lower level space.

While the sales price represented one of the highest amounts paid for a retail condominium on the Upper East Side, the long-term Muska Milano lease is starting at a market rate of approximately $500 per square foot.

Muska Milano already has six stores in key locations throughout Manhattan.

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REAL ESTATE

The Snooty Fox to open at Hyde Park Plaza

BY CSA STAFF

Cincinnati — Jacksonville, Fla.-based Regency Centers said it has leased retail space in Cincinnati, at Hyde Park Plaza to The Snooty Fox.

An upscale consignment shop, The Snooty Fox has leased 5,000 sq. ft., bringing the center to 96% leased. It is slated to open for business this summer.

The 396,861-sq.-ft. shopping center is anchored by a 99,675-sq.-ft. Kroger and a 69,592-sq.-ft. Biggs alongside national retailers such as Michaels, Massage Envy, Panera Bread, Starbucks and Staples.

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News

Safeway donates $100K to Japan earthquake relief

BY CSA STAFF

PLEASANTON, Calif. — The Safeway Foundation announced that it has donated $100,000 and will match employee donations up to $50,000 to help with the Japan earthquake and tsunami relief effort. The contribution will be distributed to the impacted area through the American Red Cross.

"The images of destruction that we’ve all seen are heartbreaking," said Larree Renda, Safeway EVP and chair of the Safeway Foundation. "At this time of need, we are pleased to join with our employees, customers and communities as we collectively look for ways to make a difference."

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