REAL ESTATE

Pine Tree promotes Zinsmaster to executive VP

BY Michael Fickes

Northbrook, Ill. Pine Tree Commercial Realty LLC recently promoted Todd Zinsmaster from senior VP to executive VP of acquisitions and development.

Mr. Zinsmaster joined Pine Tree in 2007 and handles sourcing, negotiating, underwriting and due diligence on shopping center acquisition and development opportunities. He has more than 25 years of retail development and acquisitions experience. Prior to joining Pine Tree, Zinsmaster served as senior director of development for Kimco Developers Inc.

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REAL ESTATE

Swim School leases space at Rockville, Md., Center

BY Michael Fickes

Rockville, Md. — Kids First Swim School has leased an 8,654-sq.-ft. space at the Randolph Hills Shopping Center in Rockville, Md. Divaris represented the landlord, Randolph Properties Limited Partnership, in the transaction.

Kids First Swim School is the nation’s largest provider of year-round, warm-water swimming instruction. The school operates in 16 locations in four states and teaches more than 80,000 students every year.

Divaris Real Estate is a member of Realty Resources, a national group of independent retail property brokers and managers.

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REAL ESTATE

HomeGoods inks lease for The Shoppes at Flemington

BY Michael Fickes

Flemington, N.J. — HomeGoods has signed a long-term lease with The Shoppes at Flemington in Flemington, N.J., and is open and operating in a 22,000-sq.-ft. building that came as part of the deal.

Levin Management manages and markets the center for the owner, Garrison Investment Group. Welco Realty represented HomeGoods.

Levin also served as the construction manager for the development of the new retail space and managed the land development approvals.

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