REAL ESTATE

Regency Centers to renovate Beckett Commons

BY CSA STAFF

West Chester, Ohio — Jacksonville, Fla.-based Regency Centers said it has begun construction to renovate Beckett Commons shopping center, located in West Chester, Ohio.

The center remodel will include demising vacant space into six additional side shop spaces, new exterior façade and awnings, upgraded signage, new roof and HVAC units.

“Increased demand for smaller retail spaces prompted the renovation and space reconfiguration, which in turn will help us to maintain our position as the top grocery-anchored center in the affluent Beckett Ridge market,” explained Jason Gibson, Regency Centers senior leasing agent. “Furthermore, the work will be completed within 120 days by May, which is very fast considering the area’s climate.”

Three retailers, totaling 16,708 sq. ft., have signed leases for retail space and will open in the spring. Advance Auto Parts, has leased 6,300 sq. ft., Plato’s Closet has leased 5,204 sq. ft., and Once Upon a Child has leased 5,204 sq. ft.

Beckett Commons is a 121,316-sq.-ft. neighborhood center anchored by Kroger, along with national retailers The UPS Store, GNC and Subway.

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REAL ESTATE

New Walgreens to open on Ossining, N.Y.

BY CSA STAFF

Ossining, N.Y. — Tarrytown, N.Y.-based Infill Development, LLC, affiliate of DLC Management Corp., announced the groundbreaking of a new development project in Ossining, N.Y. A stand-alone Walgreens will be constructed on the site of a former strip center, a New York State Brownfields site which is scheduled to undergo demolition shortly.

The new 9,483-sq.-ft. Walgreens store is slated to open in the fourth quarter of 2011.

“This is the first in a series of developments in the New York Metro area in infill locations where we have acquired or assembled sites to bring Walgreens to underserved markets,” said Adam Ifshin, co-founder and principal of Infill Development.

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Urban Outfitters to open at Notre Dame

BY CSA STAFF

South Bend, Ind. — Indianapolis-based Kite Realty Group announced that Urban Outfitters will open at Eddy Street Commons at Notre Dame in South Bend, Ind.

The retailer has leased 8,627 sq. ft. and is part of a newly developed mixed-use development that consists of a large book store, hotel, several unique restaurants and other apparel stores.

Urban Outfitters is scheduled to open late this summer.

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