REAL ESTATE

Nordstrom Rack to open in Dublin, Calif., in 2015

BY Staff Writer

Seattle — Nordstrom plans to open a Nordstrom Rack at the Village at Dublin in Dublin, Calif. The approximately 35,000-sq.-ft. store is scheduled to open in fall 2015. The center is being developed by Regency Centers Corp.

The new Nordstrom Rack will be located approximately three miles east of the full-line Nordstrom store at Stoneridge Mall in Pleasanton, Calif. On September 12, the Rack opened its newest East Bay location in Pleasant Hill, Calif., at Sunvalley Shopping Center. The company also operates Rack stores in nearby San Leandro and Fremont.

"The presence of Nordstrom Rack complements the exciting merchandising mix of Village at Dublin, which will offer a variety of emerging restaurants and first-class retailers," said Pete Knoedler, senior VP of investments at Regency Centers.

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REAL ESTATE

JLL hiring in Austin

BY Michael Fickes

Austin, TexasJones Lang LaSalle has hired Todd Wallace and Robert O’Farrell to lead its retail brokerage practice in Austin, Texas. Wallace joins the firm as an executive VP and O’Farrell will serve as a senior VP.

“We’re committed to growing our local market retail practice in key hubs around the United States,” said Greg Maloney, president and CEO of Retail, Jones Lang LaSalle.

Both come to JLL from SRS Real Estate Partners. O’Farrell served as senior VP and specialized in tenant representation, lease negotiations, site acquisition, project analysis and dispositions initiatives for clients such as Target, In N Out Burger, USAA, Bridgestone/Firestone, Verizon Wireless, FedEx Office, Family Christian and Goodwill Industries.

Wallace has represented national and regional retailers with their expansion and disposition needs. Retail brands served include J.C. Penney, Toys “R” Us/Babies “R” Us, Academy Sports & Outdoors and Raising Cane’s.

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REAL ESTATE

Winick brings three new tenants to Flatbush Avenue

BY Michael Fickes

New York — Winick Realty Group has negotiated leases bringing three new retailers to the Flatbush Avenue retail Corridor in Brooklyn, N.Y.

Starbucks, Game Champ and Cohen’s Fashion Optical will all open doors at 395 Flatbush Avenue Extension, a full-block retail site anchored by Applebee’s and McDonald’s.

Winick represented landlord Rabina Properties in all three transactions.

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