REAL ESTATE

Party City to open stores in Texas, Oklahoma

BY Katherine Boccaccio

Dallas — Venture Commercial said that Party City Corp. has signed three leases in Texas and Oklahoma, with plans to open new stores in Dallas; Edinburg, Texas; and Tulsa, Okla., ranging in size from 12,000 sq. ft. to 12,635 sq. ft.

The Dallas store is in Wheatland Towne Crossing, a Target-anchored shopping center. The Edinburg store is located in The Shoppes at Rio Grande Valley, and the Tulsa store is in the Mingo Marketplace Shopping Center.

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REAL ESTATE

DLC names acquisitions chief

BY Katherine Boccaccio

Tarrytown, N.Y. — DLC Management Corp. announced that it has named Jonathan Wigser as chief investment officer, charged with leading all of the company’s acquisition and disposition activities.

Since joining DLC in 2002, Wigser has been involved in the acquisition and disposition of more than $1.1 billion of retail real estate, in addition to raising more than $250 million of equity from institutional and high net worth investors.

Prior to joining DLC, he was involved in more than $20 billion of leveraged finance, acquisition, real estate, and private equity and debt transactions during a 10-year career in investment banking. Wigser will continue to be in charge of identifying and accessing equity capital sources for DLC, as well as investor communications and reporting.

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REAL ESTATE

Michaels to open at Fairlane Village Mall

BY Katherine Boccaccio

Pottsville, Pa. — North Plainfield, N.J.-based Levin Management Corp. announced that Michaels Stores has leased 22,000 sq. ft. at Fairlane Village Mall in Pottsville, Pa.

Levin is the leasing and management agent for the property, which is owned by Ashok Mehra. Michaels’ commitment comes on the heels of a lease by Kohl’s Department Stores, reflecting momentum for the 405,000-sq.-ft. property.

Kohl’s will be opening its new 57,860-sq.-ft. store in early March.

Other anchors include Boscov’s, Super Shoes, CVS, Harbor Freight Tools, and Dollar Tree. Lowe’s Home Improvements is a shadow anchor.

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