REAL ESTATE

New retail, entertainment to open at The Palms at Town & Country

BY CSA STAFF

Miami The Palms at Town & Country has announced new leases with Cadillac Ranch, Italian gelato vendor Gelosia Gelato, and with Haagen Dazs. In addition, the center recently signed leases with Liquors Wine & Spirits (opening this month) and Diane & Geordi (scheduled to open February).

These new stores will be a part of the Phase 1 opening of the new Miami lifestyle center that will also include Blue Martini, Nordstrom Rack and Loehmann’s.

The Palms at Town & Country is owned by TIAA-CREF, being redeveloped by Flagler Development Group and managed by Jones Lang LaSalle Retail. It is home to such retailers as New York & Co., Marshall’s, Men’s Wearhouse, Publix and Shaq’s 24 Hour Fitness.

When the renovation is completed, The Palms at Town & Country will include 700,000 sq. ft. of Mediterranean-themed mixed retail components and a 133,000-sq.-ft. Professional Arts Center.

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B.Wedlock says:
Jan-15-2013 04:13 pm

Is it completed yet this renovation? sunglasses

B.Wedlock says:
Jan-15-2013 04:13 pm

Is it completed yet this renovation? sunglasses

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REAL ESTATE

Shoppes at Chino Hills acquired

BY CSA STAFF

Chino Hills, Calif. The Shoppes at Chino Hills, a 380,000-sq.-ft. open-air lifestyle center in Chino Hills, Calif., has been acquired by Chino Hills Mall LLC, according to Tim Sotoodeh, managing director.

The center, which was completed in May 2008 at a cost of more than $130 million, was designed by Altoon + Porter, and features more than 60 tenants, including the first H&M in San Bernardino County, Banana Republic, Victoria’s Secret, Trader Joe’s, P.F. Chang’s China Bistro, Chipotle Mexican Grill, California Pizza Kitchen, Yard House Bar & Grill, Brighton Collectibles, Barnes & Noble Booksellers, RA Sushi and Bath & Body Works.

The acquisition provides new capital to the project. The Shoppes at Chino Hills is professionally managed by PM Realty Group, and is leased by CB Richard Ellis.

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Trademark, equity fund announces acquisitions

BY CSA STAFF

Fort Worth, Texas Trademark Property Co., in partnership with a private-equity fund, announced Tuesday the acquisition of two regional mall properties in Santa Fe, N.M., and Westland, Mich.

According to Trademark, Santa Fe Place and Westland Shopping Center were acquired in May by a private fund, which has engaged Trademark as the manager and development partner.

Trademark said it will direct remerchandising and redevelopment efforts at the 571,238-sq. ft. Santa Fe Place regional mall, which is anchored by Dillard’s, J.C. Penney and Sears.

Westland Shopping Center, a 1,063,722-sq.-ft. regional mall located on the west side of the Detroit metro, is anchored by Macy’s, Kohl’s, Sears and J.C. Penney.

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