REAL ESTATE

Quiznos to expand in UAE

BY Dan Berthiaume

Denver – Quiznos is preparing to expand in the United Arab Emirates (UAE) with the recent signature of Royal Bun Cafe as its newest franchisee. Quiznos and Royal Bun Cafe worked together to establish the blueprint for the venture that will bring more than 70 restaurants to the UAE during the next eight years.

Abu Dhabi, Dubai, and Sharjah will be the first UAE expansion locales, with stores expected to be complete by early 2014. Quiznos recently expanded into Mexico and Russia.

"We are thrilled to launch this expansion into the UAE, especially with a trusted partner like Royal Bun Cafe," said Ken Cutshaw, president of international development for Quiznos. "We are confident the new Quiznos locations will be met with the same success as our other international locations. The Quiznos brand is continually growing and evolving, and this is another step forward as we continue to attract and gain new customers worldwide."

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REAL ESTATE

Sawgrass Mills signs 30 new retailers this year

BY Michael Fickes

Sunrise, Fla. — So far this year, 30 new retailers have signed into Sawgrass Mills in Sunrise, Fla.

The Colonnade Outlets at Sawgrass Mills, the open-air promenade part of the property recently added a number of new-to-South Florida retailers, including Diane von Furstenberg, Gucci, Versace, Robert Graham, Ippolita, Wolford, Jimmy Choo, Frette, Roberto Cavalli and others.

Other recent additions throughout the property include first-in-market outlets from Ben Sherman, GEOX, New Balance, Old Navy, Steve Madden and the largest Under Armour Factory House in the country.

Some of the fashion names have expanded their footprints: Forever 21, Calvin Klein and Michael Kors.

New restaurants include the new prototype from California Pizza Kitchen, Sushigami and Zinburger Wine & Burger Bar, which is scheduled to open in The Colonnade Outlets during 2014.

New entertainment includes the new Barbie Dreamhouse Experience. As one of only two locations in the world, this attraction provides guests with an opportunity to interact with Barbie, her friends and family.

Sawgrass Mills is the largest outlet and value retail shopping destination in the United States, offering more than 350 name-brand outlet and off-price retail stores, two major food courts, seven full-service restaurants and entertainment.

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REAL ESTATE

CBRE closes grocery-anchored center sale in Austin

BY Michael Fickes

Austin, Texas CBRE’s National Retail Investment Group has announced the sale of The Market at Parmer Lane on behalf of LPC Retail, a division of Dallas-based Lincoln Property Company. The buyer is a Texas-based private real estate fund advised by Crow Holdings Capital Partners. Terms were undisclosed.

H-E-B Grocery anchors the 122,349-sq.-ft. center, which is 93.3% occupied.

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