REAL ESTATE

RKF arranges sale of mixed-use Bowery property

BY Michael Fickes

New York — RKF has arranged the $9.25 million sale of a 6,800-sq.-ft. mixed-use building in Manhattan’s Bowery neighborhood. RKF represented the seller, 325 Bowery Development LLC, and the buyer, Atlas Bowery LLC, an affiliate of Atlas Capital Group.

Constructed in 1990, the building consists of retail and loft-style residential space on four floors above a basement and sub-basement. Peels NYC café occupies the ground floor.

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REAL ESTATE

Cheesesteak, financial tenants to Centre Plaza

BY Michael Fickes

Bensalem, Pa. — Philly It Cheesesteaks and MGM Financial Strategies Inc. have signed leases at the 43,550-sq.-ft. Centre Plaza in Bensalem, Pa., according to Levin Management Corp.

Philly It Cheesesteaks opened a 1,700-sq.-ft. in the spring, while MGM Financial Strategies Inc. will follow with a 1,700-sq.-ft. opening this summer or fall.

Centre Plaza serves a population of 270,000 within a five-mile radius, and the daily traffic count is about 27,000 vehicles. Average household income exceeds $67,000.

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REAL ESTATE

Planet Beauty opens three boutiques in SoCal

BY Michael Fickes

Costa Mesa, Calif. — Over the last three months, Planet Beauty has opened boutiques in three Southern California cities — Corona del Mar, Del Mar and Huntington Beach — bringing the chains store count to 34.

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