REAL ESTATE

NewMark Merrill announces mall purchase and six management contracts

BY Katherine Boccaccio

Woodland Hills, Calif. — NewMark Merrill Cos. has announced the acquisition of Twin Peaks Mall in Boulder, Colo., as well as six new property management contracts totaling more than one million sq. ft.

The new property management assignments include six California centers: Simi Valley Town Center, Lancaster Plaza, Visalia Center, Topanga Willows, Paseo Marketplace in Thousand Oaks, and Page Plaza in Hemet.

The new property management contracts and Twin Peaks Mall acquisition brings NewMark Merrill’s retail portfolio to 10 million sq. ft. of combined owned and managed assets.

“These properties have fared well in the recent market downturn, and we will work with the ownership and merchants to continue this momentum,” said John Hickman, managing director, San Diego division of NewMark Merrill Cos.

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REAL ESTATE

Jo-Ann Fabric joins two New Hampshire shopping centers

BY Katherine Boccaccio

Boston — The Wilder Cos. announced the addition of Jo-Ann Fabric & Crafts at two of its New Hampshire shopping centers.

Jo-Ann Fabric and Crafts recently opened at Belknap Mall, the only enclosed shopping mall north of Concord. The new store joins Peebles Department Store, Shaw’s, Maurices, Lakes Region Jewelers, CVS and Dunkin Donuts at the 218,500-sq.-ft. mall.

Currently under construction, Jo-Ann Fabric and Crafts is preparing for a late spring opening at Rochester Crossing, a 304,500-sq.-ft. shopping center in New Hampshire’s Seacoast Region and featuring Kohl’s, Lowe’s, Famous Footwear, GameStop and Tropical Smoothie.

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REAL ESTATE

Planet Fitness to open at Meadowbrook Mall

BY Katherine Boccaccio

Bridgeport, W.Va. — Youngstown, Ohio-based Cafaro Co. announced that Planet Fitness will open a new gym at the company’s Meadowbrook Mall, located in Bridgeport, W.Va.

The 23,000-sq.-ft. facility is slated to open in September, in a space currently occupied by High Point Furniture.

The Meadowbrook Mall Complex, at nearly one million sq. ft., is anchored by Elder-Beerman, J.C. Penney, Target, Sears and Marshalls.

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