REAL ESTATE

Opus Development names retail development exec

BY CSA STAFF

Minneapolis — Opus Development Corp. announced that John Gelderman has been hired as senior VP national retail development.

In his new position, Gelderman will lead the current Opus retail team, oversee all existing retail development and will be responsible for seeking all new retail development opportunities across the country.

He has worked with Pepsico – Taco Bell, Caribou Coffee, CSM Corp., Opus Northwest, L.L.C., and is currently with his own consulting firm, JFG Retail Real Estate Advisors, where he has worked with a number of retail clients and is just finishing development on the Frogtown Square mixed-use retail and apartment project located in St. Paul.

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REAL ESTATE

Two new tenants opening at Galloping Hill Center

BY CSA STAFF

Union, N.J. — A Seabra Foods and Koki Japanese Buffet opened at Galloping Hill Center in Union, N.J., according to Plainfield, N.J.-based Levin Management Corp., the property’s exclusive leasing and managing agent.

A Seabra Foods is a full-service grocer and will open a 30,861-sq. ft. space formerly housed by another supermarket tenant.

Koki Japanese Buffet leased 5,500 sq. ft., joining other retailers and services including Mandee, Memory Lane Hallmark, Citibank, Weight Watchers, Radio Shack and Manhattan Bagel.

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REAL ESTATE

Sephora at J.C. Penney and Francesca’s to open at Coral Square Mall

BY CSA STAFF

Coral Springs, Fla. — Sephora at J.C. Penney will open a 1,500-sq.-ft. location at Coral Square Mall, in Coral Springs, in mid-April. Francesca’s Collections is also slated to open in mid-April.

Coral Square Mall, owned by Simon Property Group, features anchor stores Macy’s/Ladies Apparel, Macy’s/Men’s, Children & Home Store, J.C. Penney and Sears, as well as more than 120 specialty stores and eateries.

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