REAL ESTATE

Online high-end candy retailer Sugarfina makes brick-and-mortar debut

BY Marianne Wilson

Los Angeles — Online high-end candy retailer Sugarfina has opened its first-ever store, a 1,400-sq.-ft. boutique in Los Angeles. The brand is known for its signature turquoise Bento Boxes, a luxurious candy gift box, and such “cocktail” candies as Champagne Gummy Bears, Cuba Libre (spiced rum and coke gummies) and Peach Bellini Gummies.

“We created Sugarfina because the candy store of our dreams didn’t exist,” said founders Rosie O’Neill, former director of marketing for Barbie, and Josh Resnick, former video game entrepreneur. “We dreamed of gourmet sweets made with premium ingredients — candy that’s as beautiful to look at as it is to taste.”

Sugarfina is designed as a “candy heaven” for adults. A large glass skylight greets customers upon entry and airy “bubble” chandeliers appear to hang like clouds in the sky. Hundreds of colorful candies line the walls on thin floating shelves, so that the candy appears to be floating. The space includes a candy tasting bar with a selection of 60 candies on regular rotation. (According to the company, 40% of Sugarfina candies are not available anywhere else in the United States.)

Other notable features include:

  • Candy Concierge: A concierge room that provides a showroom for Sugarfina custom, corporate and private event services.
  • Top Shelf: One area of the store is dedicated to "top shelf" candies — exotic offerings from around the world at a slightly higher price point. Each candy has its story featured alongside it in a display.
  • “Taste of Beverly Hills”: An entire section is dedicated to Beverly Hills products, including a “Taste of Beverly Hills” Bento Box with candies like Chocolate Mint Caviar, Bling Rings, Champagne Bears, etc.
  • Build Your Own Bento Wall: Customers can pick up an empty eight-piece Bento Box or a three-piece Bento Box and build their own gift box from the wall of candy cubes.
  • In-Store Sampling: Candy consultants walk around the store sampling candy from a special Bento Box tasting platter.

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REAL ESTATE

European Wax Center inks Tribeca lease

BY Michael Fickes

New York — European Wax Center has signed a lease for 1,650 sq. ft. of ground floor retail space at 95 Chambers Street/75 Reade Street between Broadway and Church in Tribeca, according to Winick Realty Group, the broker representing both the retailer and the landlord, Ascend Group, in the transaction.

Winick also represented Reade Street Prep in a lease transaction for a 3,600-sq.-ft. expansion space on the 75 Reade Street side of the building.

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REAL ESTATE

Konover South buys back Florida retail portfolio

BY Michael Fickes

Deerfield Beach, Fla. — Konover South has bought back a portfolio of nine Florida retail shopping centers valued at more than $100 million. Konover had previously sold a share of the portfolio to an institutional investment partner. The buy-back returns complete ownership to Konover, which developed or redeveloped the properties over the years.

Peoples United Bank provided $75 million of new permanent financing for the transaction.

Consisting of prime core-plus and value-add properties with anchors such as Publix, Winn-Dixie and TJ Maxx, the portfolio includes Admirals Crossing in Jupiter, Governors Crossing in Tallahassee, Inverrary Falls in Lauderhill, Kendall Square and Kendall Square Office in Miami, Plaza at Davie in Davie, Point Meadows in Jacksonville, Stuart Centre in Stuart and Sunrise Plaza in Sunrise.

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