REAL ESTATE

Rolex, Tourbillon, Tod’s, Trina Turk to The Galleria

BY Michael Fickes

Houston — Simon Property Group has announced four new leases for The Galleria in Houston.

Rolex will open an 1,800-sq.-ft. store next summer in Galleria I. Taking 2,815 sq. ft. Tourbillon will open its first Houston store in Galleria II in the early summer of 2014. Tod’s will debut in Houston with a 2,000-sq.-ft. store opening in Galleria I in early summer 2015. Trina Turk will open a 1.400-sq.-ft. store in the fall of 2014 in Galleria I.

In addition, Gucci, Tory Burch, Zara, Sephora and Club Monaco will renew their leases next year.

Chanel has also renewed its lease and plans to renovate its boutique.

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REAL ESTATE

Levin to lease Stafford Park in Manahawkin, N.J.

BY Michael Fickes

North Plainfield, Manahawkin, N.J. — The Stafford Park shopping center in Manahawkin, N.J. has named Levin Management as its exclusive leasing agent. The 350-acre mixed-use redevelopment project includes 400,000 sq. ft. of retail space, including anchor tenants Costco and Target. The site has received approval to add another 195,000 sq. ft. The new retail space includes several pad sites.

The Stafford Park appointment follows several new retail assignments awarded to Levin in recent months. In Edison, the firm was named managing agent for Festival Plaza, a 151,000-sq.-ft. Asian-themed grocery-anchored property. In Eatontown, Levin was selected as leasing agent for the 30,000-sq.-ft. Eatontown Plaza.

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Mayfaire Community Center in Wilmington, N.C., signs two anchors

BY Michael Fickes

Wilmington, N.C. — Dick’s Sporting Goods and Marshalls will anchor Phase II of the 203,000-sq.-ft. Mayfaire Community Center in the master-planned 400-acre mixed-use community of Mayfaire in Wilmington, N.C. Harris Teeter anchors Phase I of the center.

According to BrodyCo. Inc. and Zimmer Development Co., Mayfaire’s developers, Dick’s Sporting Goods will occupy a 50,000-sq.-ft. space and Marshalls will take 24,000 sq. ft. The developers also said they would soon announce a third Phase II anchor. In addition, another 12,000 sq. ft. of space for small shops is being pre-leased now. Phase II is slated to open in November of 2014.

“We welcome the addition of both Dick’s Sporting Goods and Marshalls to our property from their previous locations in the Wilmington market,” said BrodyCo.’s H.J. Brody.

The Mayfaire development includes another retail center, the 700,000-sq.-ft. Mayfaire Town Center, as well as two hotels, an office park and more than 1.3 million sq. ft. of luxury residential homes, condominiums and apartments. The development is being called Wilmington’s new downtown.

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