Pine Tree Silverpeak JV teams with Privet to acquire Alabama center
Northbrook, Ill. — Pine Tree Silverpeak Retail Partners, a joint venture between Northbrook, Ill.-based Pine Tree Commercial Realty and New York City-based Silverpeak Real Estate Partners, recently teamed up with New York City-based Privet Investments in the acquisition of Hamilton Place Shopping Center in Auburn, Ala.
The partners purchased the grocery-anchored shopping center from an Alabama-based developer, assuming existing financing. Publix anchors the 79,540-sq.-ft. center.
Pine Tree Commercial Realty will be handling the property management and will share leasing responsibilities with The Shopping Center Group, based in Birmingham, Ala.
Sabre Real Estate names execs
Garden City, N.J. — Sabre Real Estate Group said that Beth Lamport has joined the firm as executive VP.
Previously a director at Breslin Realty, Lamport also was a broker at Polimeni Realty and spent more 20 years as a marketing executive at Federal Department Stores, which owned Macy’s, Bloomingdale’s, Filene’s and Stern’s and now is known as Macy’s Inc.
In related news, Sabre also named Stuart Fagen as managing director. Fagen recently dissolved his retail brokerage company, the Fagen Group. Prior to starting his own firm, Fagen was director of acquisitions at the Alrose Group and before that a broker at Breslin Realty.
Robert Marc, Malia Mills to open on Madison Avenue
New York City — Prudential Douglas Elliman’s Retail Group said it has completed leases for the third and fourth new tenants at 1225 Madison Ave., between 88th and 89th Streets, with eyewear designer Robert Marc and custom-fit swimwear stylist Malia Mills.
The team also arranged a long-term lease for cashmere designer Christopher Fischer, following a two-year stint there as a pop-up shop.
The newly revamped block-front shares the Madison Avenue corridor north of 86th Street with Brooks Brothers multi-brand store, J. Crew Cuts, Rachel Riley, Ankasa, Joie, Otte and Baby Cottons. The immediate area is also home to dozens of restaurants, including Sarabeth’s, Dean & DeLuca, Demarchelier, Le Pain Quotidien, Giovanni Venticinque and Centolire Restaurant & Bar.