REAL ESTATE

Publix to anchor Doral Commons in Doral, Fla.

BY Michael Fickes

Miami — Publix Super Markets will open a 49,000-sq.-ft. supermarket and pharmacy to anchor Terra Group’s latest retail center development, Doral Commons in Doral, Fla. The 140,000-sq.-ft. center is located in one of the fastest growing residential areas of Miami Dade County.

Courtelis Company represented Terra Group in the lease negotiation with Publix and will continue to represent the company in the leasing of the remaining available space in Doral Commons.

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REAL ESTATE

Woodmont to expand Streetsboro Commons

BY Michael Fickes

Dallas-Fort Worth, Texas — The Woodmont Company plans to break ground in February on a new building at its Streetsboro Commons development in Streetsboro, Ohio. The new building, located on a pad, is already about 80% pre-leased to three national tenants: Starbucks, Jimmy John’s and Midwest Mobility Services/AT&T dealer.

Specializing in the development, management, leasing and sale of retail properties, Woodmont represented the landlord in all three transactions. Goodman Real Estate Services represented Starbucks. Passov Real Estate Group represented Jimmy John’s, and CBRE represented Midwest Mobility.

Current tenants at the 230,476-sq.-ft. property include a Wal-Mart Supercenter, Sonic, Chipotle, GameStop, Best Cuts and Verizon Wireless.

Woodmont expects to complete the new building by August of this year. Additional pad sites remain available for future development.

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REAL ESTATE

Plan to redo Portland’s Lloyd Center is unveiled

BY Michael Fickes

Portland, Ore. — Cypress Equities, the management company for Lloyd Center, has shared its initial plans for updating the historic shopping center in the Lloyd District adjacent to downtown Portland.

The proposal, which has been submitted to city officials, calls for two entirely new pedestrian entryways designed to provide greater access to the shopping center and to build synergy with the stir of activity along Multnomah Street.

One of the proposed new entrances will stand between the southwest parking garage and Macy’s department store. The other will fit between Sears and Marshalls on the east side of the mall.

The Lloyd Center is an enclosed three-level 1.2 million-sq.-ft. regional shopping center located close to downtown Portland and the Oregon Convention Center, Moda Center and Memorial Coliseum.

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