REAL ESTATE

Phase II of Shoppes at Fox River welcomes new tenants

BY Staff Writer

Milwaukee — The Milwaukee office of Opus Development Corp. announced that T.J Maxx, Ulta Salon, Rue 21 and Charming Charlie’s will be the first tenants in the second phase of its Shoppes at Fox River retail development in Waukesha, Wis.

Phase II development will break ground in April and, when fully built-out, it has potential to total 150,000 sq. ft. The first development in Phase II will include more than 47,000 sq. ft. of retail space on six of the approximately 18 acres of developable land adjacent to the existing Phase I buildings. The first Phase II development will include T.J. Maxx, Ulta, Rue 21 and Charming Charlie’s.

Phase I of The Shoppes at Fox River was opened in July 2009, with the final construction completed in September 2010. It includes about 273,000 sq. ft. of retail space. Currently, Phase I is 97% occupied, including a 132,000-sq.-ft. Target and a 60,000-sq.-ft. LEED-Silver certified Pick ‘n Save grocery store.

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REAL ESTATE

La Palmera announces five new retailers

BY Staff Writer

Corpus Christi, Texas — Trademark Property Group announced that its La Palmera property in Corpus Christi, Texas, has five new stores planning to open by late spring.

Construction is underway on White House | Black Market (3,453 sq. ft.), Soma Intimates (2,313 sq. ft); Bebe (4,885 sq. ft.); Traffic Shoes (1,105 sq. ft.); and Papaya (6,350 sq. ft.).

The Children’s Place has opened a 3,467-sq.-ft new location by Champs, and construction is underway on a Payless ShoeSource location (3,360 sq. ft.), adjacent to the new Papaya.

Trademark Property Co. and joint venture partner Institutional Mall Investors LLC (IMI) acquired the Staples Center on April 11. The center, now The Shops at La Palmera, will undergo rebranding along with a major redesign and renovation scheduled to begin late 2012 with completion slated for 2013.

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REAL ESTATE

Regency Centers names information chief

BY Staff Writer

Jacksonville, Fla. — Regency Centers announced the addition of Dale Johnston as VP, chief information officer, charged with overseeing Regency’s information technology team nationwide and advancing the company’s technology platforms from its headquarters in Jacksonville, Fla.

Before joining Regency, Dale served as VP and chief information officer for neighborhood shopping center developer and owner Edens in Columbia, S.C.

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