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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REAL ESTATE

Dominick’s Real Italian to open in Cortaro Plaza

BY Katherine Boccaccio

Tucson, Ariz. — Commercial Retail Advisors said Tuesday that Dominick’s Real Italian is opening a restaurant at Cortaro Plaza, located in northwest Tucson.

The 1,600-sq.-ft. Italian pizza and pasta place is slated to open June 1.

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