REAL ESTATE

New tenants bring Shoppes of Madison to 98% occupancy

BY Katherine Boccaccio

Madison, Ala. — Brentwood, Tenn.-based GBT Realty announced that several new tenants bring its Shoppes of Madison property to near 100% occupied.

Moe’s Southwest Grill will join the new shopping center, along with Buenavista Mexican Cantina, which will open a 7,220-sq.-ft. restaurant on a 1.55-acre outparcel.

The Target-anchored Shoppes of Madison also features Ross, Petco, Kinnucan’s, and numerous junior anchors and small shops. The 28-acre center, which opened in 2012, was developed and leased by GBT Realty Corp.

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REAL ESTATE

Fashion Outlets of Chicago announces retail lineup

BY Katherine Boccaccio

Chicago — AWE Talisman and Macerich announced Monday that Fashion Outlets of Chicago will open on August 1 in Rosemont, Ill., featuring Bloomingdale’s The Outlet Store, Last Call by Neiman Marcus, Saks Fifth Avenue Off 5th and 120 additional brands.

The two-level, 530,000-sq.-ft. outlet mall is the first fully enclosed, multi-level property with this level of amenities in the Chicago area in more than two decades, according to both companies.

"Beyond the robust slate of retail and dining attractions, Fashion Outlets of Chicago also will offer an exciting set of customer amenities and social experiences, including a world-class art installation," said AWE Talisman chairman Arthur Weiner.

Fashion Outlets of Chicago will offer two fine-dining restaurants, Prasino and Villagio, in addition to a first-level food court and variety of other quick-service options.

"Fashion Outlets of Chicago marks our commitment to the changing face of outlet retail in America," said Art Coppola, chairman and CEO, Macerich.

The center is also partnering with TSA-certified BAGS Inc. to operate a special concierge service that allows travelers to print boarding passes and check shopping bags and luggage directly to their flights.

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REAL ESTATE

SRS Real Estate names exec

BY CSA STAFF

Dallas — SRS Real Estate Partners announced that Sean Thomas has been named first VP of the company’s Phoenix office.

Thomas will focus on disposition and investment services in his new position.

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