REAL ESTATE

Roundy’s opens new Mariano’s in Chicago April 22

BY Dan Berthiaume

Milwaukee — Roundy’s, Inc. will open Mariano’s Edgewater in Chicago on April 22. Edgewater is the fifth Mariano’s store to open of the 11 former Dominick’s locations acquired by Roundy’s in December 2013, and the eighth in the city of Chicago.

Store features will include a Vero Italian coffee and gelato shop, Squeez’d smoothie bar, and access to “Mariano’s Tastemakers,” 14 chefs and lifestyle experts who provide demos and advice.

“We are excited to bring our passion for fresh food and world-class customer service to the Edgewater neighborhood,” said Bob Mariano, chairman and CEO of Roundy’s. “Mariano’s Edgewater will be a true experience for shoppers. We’ll have the highest-quality produce with over 200 organic options, along with a made-to-order smoothie bar and gelato shop – just to name a few. Grocery shopping will no longer be a chore.”

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REAL ESTATE

Aveda Salon headed to Sierra Vista

BY Michael Fickes

Sierra Vista, Ariz. — The Realm Salon, an approved Aveda Salon, is opening a new 1,500-sq.-ft. full-service salon in Indian Hills Plaza in Sierra Vista, Ariz. The new salon plans to open by June 1.

First West Properties Corporation represented the tenant in the transaction. Commercial Retail Advisors represented the landlord, Indian Hills Investors.

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REAL ESTATE

Mid-America brokers sale of Milwaukee MSA center

BY Michael Fickes

MilwaukeeMid-America Real Estate Corporation’s investment sales team has brokered the final sales phase of The Shoppes of Nagawaukee in Delafield, Wis. This was the third transaction consummated on behalf of the seller, Told Development, for this shopping center since 2012.

Ramco-Gershenson Properties Trust purchased the first phase, which is anchored by Kohl’s and encompasses 137,000 sq. ft., for $15.1 million. Ramco-Gershenson also purchased the second phase for $22.7 million. It spans 106,000 sq. ft. and features anchor tenants Marshall’s and Sports Authority.

The third and final phase totals over 57,000 sq. ft. and includes Best Buy, Famous Footwear, Panera Bread, Noodles & Co., Scottrade and Qdoba. Wangard Partners Inc. purchased the third phase for $13.75 million.

In all, the three phases of the shopping center totaled over 276,000 sq. ft. and sold for more than $51 million.

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