REAL ESTATE

Outlets at Tejon names new GM

BY Michael Fickes

Tejon Ranch, Calif. — Slated to open in August, The Outlets at Tejon has announced the appointment of Brian P. Hassett as the new center’s general manager. Hassett brings more than 25 years of experience in the retail industry — more than 10 of them focused on outlet retail — to the post.

Hassett served for more than 10 years as the general manager for the Camarillo Premium Outlets and its later addition, the Promenade at Camarillo Outlets. During his time there, Camarillo Premium Outlets grew from 120 designer and name brand stores to 160, becoming the second largest center in the Premium Outlets portfolio and the largest outlet center on the West Coast with 14 million visitors annually.

Tenants in the 320,000-sq.-ft. center include the only current Pottery Barn outlet store in California, H&M, Coach, Gap, Banana Republic, J. Crew, Brooks Brothers, Tommy Hilfiger, Calvin Klein, Chico’s, White House | Black Market and others.

Tejon Ranch Co. and The Rockefeller Group developed the center located on Interstate 5 between Los Angeles and Bakersfield, Calif., which makes the center easily accessible from Los Angeles, Bakersfield, Santa Clarita, the Antelope Valley and the San Fernando Valley.

EB Development LLC and The Outlet Resource Group, two well-known national outlet leasing and marketing consulting firms, are assisting in the development and rollout of the new center.

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REAL ESTATE

Levin names Roy D. Vice VP of construction and development

BY Michael Fickes

North Plainfield, N.J. — Roy D. Vice has joined Levin Management as VP of construction and development. In his new role, Vice will work closely with Levin’s property management and leasing teams to oversee all construction and development activities in the firm’s retail portfolio of more than 13 million square feet.

An industry veteran, Vice brings more than 25 years of industry experience to his new position. He comes to Levin from O’Neill Properties Group in King of Prussia, Pa., where he served as senior VP and director of retail development.

Levin’s construction-related services range from fitting out individual tenant spaces to renovating, redeveloping and expanding a wide variety of retail and other commercial properties.

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REAL ESTATE

Phillips Edison buys Bethany Village in Alpharetta, Ga.

BY Michael Fickes

Cincinnati — Phillips Edison-ARC Grocery Center REIT II has acquired its first grocery-anchored shopping center — the 81,674-sq.-ft. Bethany Village in Alpharetta, Ga., an affluent suburb of Atlanta.

A 51,674-sq.-ft. Publix anchors the center. Publix is the number one grocer by market share in the Atlanta metropolitan statistical area. Other national tenants at Bethany Village include Marco’s Pizza, Subway and Workout Anytime.

Phillips Edison-ARC Grocery Center REIT II is a public non-traded REIT that seeks to acquire and manage well-occupied grocery-anchored neighborhood shopping centers having a mix of national and regional retailers selling necessity-based goods and services, in strong demographic markets throughout the United States. The company is co-sponsored by two industry leaders: Phillips Edison & Co., which has acquired over $3.25 billion in shopping centers throughout the United States, and AR Capital, a real estate investment program sponsor dedicated to governance best practices.

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