REAL ESTATE

Plaza Hermosa adds state-of-the-art medical facility as part of improvements

BY Katherine Boccaccio

Hermosa Beach, California —Regency Centers announced that Torrance Memorial and Hermosa Beach Fish Shop will open at Plaza Hermosa. Torrance Memorial’s new facility is slated to open this fall and will specialize in primary care and pediatrics.

The Hermosa Beach Fish Shop replaces the restaurant space previously occupied by The Counter Burger. The fresh fish and craft microbrew beer establishment has established a cult following in Pacific Beach (San Diego) in only four years of operation. The new location at Plaza Hermosa will take advantage of proximity to the beach, as well as the abundance of parking and outdoor seating provided to the site.

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REAL ESTATE

SRS Real Estate Partners promotes Laura Tinetti to senior VP

BY Katherine Boccaccio

Dallas —SRS Real Estate Partners has promoted Laura Tinetti to senior VP in the San Francisco office.

Tinetti joined SRS in 2006 and, in the past eight years, has completed more than 150 retail transactions valued at approximately $300 million.

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REAL ESTATE

Italian Restaurant, green initiative join Bayshore Plaza

BY Katherine Boccaccio

Barnegat, N.J. —Two long-term lease agreements totaling 6,600 sq. ft. bring retail occupancy to 100% at Bayshore Plaza in Barnegat, New Jersey, according to the 59,000-sq.-ft. property’s leasing and managing firm Levin Management.

The new tenants include casual Italian restaurant Luigi’s Ristorante and Brick Oven Pizza (2,400 sq. ft.) and non-profit green initiative Greensleeves Boutique (4,200 sq. ft.).

“We explored many different site options but ultimately chose Bayshore Plaza due to its excellent highway visibility and desirable demographics,” said Luigi Viterbo, who owns the restaurant along with Salvatore Viterbo and Anthony Cologna. Luigi Viterbo also owns four other New Jersey restaurants.

Located on Route 9 North, Bayshore Plaza is anchored by a 30,000-sq.-ft. Big Lots. Other national and regional tenants include Hollywood Tans, AT&T Wireless, Barnegat Pharmacy, Hudson City Savings, Spirits Unlimited, McDonalds, a nail salon, a dry cleaner and a Chinese restaurant.

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