REAL ESTATE

Rent-A-Center to open at El Mercado

BY CSA STAFF

Miami Beach, Fla. — Terranova Corp. announced the addition of Rent-A-Center to El Mercado Shopping Center, located in Hialeah, Fla.

The new store will occupy approximately 4,000 sq. ft.

El Mercado is anchored by Publix, along with Anna’s Linens, GNC, Pollo Tropical and a United States Post Office.

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REAL ESTATE

Ollie’s Bargain Outlet to open at River Plaza

BY CSA STAFF

Union, N.Y. — North Plainfield, N.J.-based Levin Management Corp. said that Ollie’s Bargain Outlet has leased 29,423 sq. ft. at the River Plaza shopping center in Union, N.Y.

The Mid-Atlantic’s largest retailer of closeout, surplus and salvage merchandise, Ollie’s will open at the 177,871-sq.-ft., Home-Depot-anchored property in September of this year – filling a key anchor vacancy.

“This space formerly housed a non-retail use, which makes this high traffic-generating tenant a real win for the center,” said Dale Mulartrick with Levin, who negotiated the long-term transaction.

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REAL ESTATE

Caruso Affiliated launches construction of mixed-use project

BY CSA STAFF

Los Angeles — Caruso Affiliated said it has begun construction on 8500 Burton Way, an upscale residential and ground-floor retail property featuring Trader Joe’s, located in a flourishing region of Los Angeles, adjacent to Beverly Hills.

The eight-story building combines contemporary architectural elements with rich materials, and is moving forward at a time when most other commercial development has stalled.

Located on Burton Way at La Cienega in Los Angeles, the development which will be called simply “8500” is in the heart of a vibrant shopping, dining and entertainment district at the eastern gateway to Beverly Hills.

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