REAL ESTATE

Phillips Edison-ARC acquires Publix-anchored center

BY Katherine Boccaccio

Atlanta — Cincinnati-based Phillips Edison–ARC Shopping Center REIT has announced the acquisition of Macland Pointe, a 79,699-sq.-ft. shopping center anchored by a Publix grocery store and located in the Greater Atlanta, Georgia Metro Area.

The acquisition of Macland Pointe brings the company’s total portfolio to 34 properties anchored by 13 grocers in 15 states.

Macland Pointe is 92.8% occupied and anchored by a 55,999-sq.-ft. Publix.

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REAL ESTATE

Winick Realty named broker for Chipotle

BY Katherine Boccaccio

New York — Winick Realty Group announced that it is exclusively representing Chipotle Mexican Grill in its leasing efforts throughout Northern New Jersey, Long Island and all five boroughs of New York City.

The Winick team is seeking 1,600-sq.-ft. to 2,300-sq.-ft. sites in these markets. Since opening its first Manhattan location in 2003, Chipotle has grown to 60+ locations in New York City, Long Island and Northern New Jersey.

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REAL ESTATE

Children’s Place to open at Blue Star shopping center

BY Katherine Boccaccio

Watchung, N.J. — North Plainfield, N.J.-based Levin Management Corp. said that The Children’s Place will join the tenant roster at Blue Star Shopping Center in Watchung, N.J., this spring.

Levin is the property’s managing and leasing agent.

Children’s Place leased 4,307 sq. ft. at the 419,000-sq.-ft. property, and will join other children’s retailers Toys “R” Us, Becker’s School Supplies and GameStop at the center, as well as Kohl’s, ShopRite, Michaels and Marshalls, among others.

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