REAL ESTATE

Phillips Edison expands Texas shopping center portfolio

BY Dan Berthiaume

Cincinnati – Phillips Edison-ARC Grocery Center REIT II Inc. has acquired two grocery-anchored shopping centers, Northpark Village and Spring Cypress Village. These acquisitions add properties in Texas to the company’s portfolio.

Northpark Village is a 70,479-sq.-ft. grocery store-anchored shopping center located in Lubbock, Texas, anchored by a United Supermarkets grocery store. Other national and regional tenants at the center include GNC, Starbucks, Super Tan and Sun Loan Company.

Spring Cypress Village is a 97,550-sq.-ft. grocery store-anchored shopping center located in Houston, Texas. Spring Cypress Village is anchored by Sprouts. National and regional tenants at the center also include Burger King, State Farm Insurance and Spec’s.

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REAL ESTATE

BareMinerals opens pop-up shop in New York

BY Dan Berthiaume

San Francisco – Specialty cosmetics retailer BareMinerals is opening a pop-up “Shade Shop” in the SoHo neighborhood of New York, Aug. 1 to Aug. 2. The assortment is merchandised by shade family – light, medium, tan, dark and deep – in a streamlined, easy-to-navigate environment.

The store will also feature a rotating color bar. Designed as a playground to test new concepts, BareMinerals will refresh the shop seasonally, with the first transformation taking place in November.

The open and airy, gallery-like bi-level space utilizes raw, natural elements such as wood, polished concrete and repurposed brass fixtures to create a warm and refined atmosphere. One wall is dedicated to portraits featuring women (both models and the brand’s employees) with responses to the question “What makes you feel beautiful?” Customers can answer via social media using the hashtag #bareyourself.

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REAL ESTATE

Whole Foods Market to make Irvine, California, debut

BY Katherine Boccaccio

Irvine, Calif. — Whole Foods Market and the Irvine Company announced that the companies have signed a lease to bring the first Whole Foods Market to Irvine, California.

The organic and natural grocer will occupy approximately 40,000 sq. ft. at Los Olivos Marketplace, a specialty shopping center just off the 405 freeway at Irvine Center Drive in Irvine Spectrum.

The store, set to open in spring 2016, will be Whole Foods Market’s second location on The Irvine Ranch, joining Whole Foods Market’s Fashion Island store, which opened in 2012. The new location will be Whole Foods Market’s sixth store in Orange County.

“The Irvine Spectrum is evolving into one of Southern California’s most dynamic downtowns, and we are excited to bring Whole Foods Market’s unique organic and natural offerings to those who live and work there,” said Patrick Bradley, president, Whole Foods Market Southern Pacific Region.

Los Olivos Marketplace is a 120,000-sq.-ft. specialty shopping center. Construction is set to begin this summer and finish in late 2015. Along with Whole Foods Market, the center will include casual dining, shops and services. The new center is part of Irvine Spectrum, a 5,000-acre business, residential and shopping village master planned by the Irvine Company.

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