REAL ESTATE

Saks Off 5th to open in Chandler, Ariz.

BY Katherine Boccaccio

New York — Saks Fifth Avenue Off 5th will open its doors in Chandler, Ariz., on Thursday, April 4, 2013.

The new 28,000-sq.-ft. store is located in Phoenix Premium Outlets, which is opening to the public that day. The new outlet center, owned and operated by Simon Property Group, is part of Wild Horse Pass, within the Gila River Indian Community, which includes hotels, a spa, casino, golf, an equestrian center, fine dining and more.

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S.Gacho says:
Mar-30-2013 01:30 am

Expansion will be best to those places which you think your business will grow. You cannot just expand without careful planning. - Rich Von

S.Gacho says:
Mar-30-2013 01:30 am

Expansion will be best to those places which you think your business will grow. You cannot just expand without careful planning. - Rich Von

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REAL ESTATE

Crossroads Cos. names leasing head

BY Katherine Boccaccio

Mahwah, N.J. — Crossroad Cos. announced Thursday that it has named Carlo J. Caparruva as EVP of leasing services, charged with overseeing all leasing activities related to Crossroads’ development projects and existing portfolio, as well as third-party real estate services.

Crossroads’ portfolio encompasses approximately 700,000 sq. ft. of grocery-anchored shopping centers and free-standing single net-leased properties throughout New Jersey and Rockland County, N.Y. The company said it is focusing on expanding its market presence in Central and Northern New Jersey as well as Rockland and Orange counties in New York.

Caparruva previously served as a director with Fameco Real Estate and as a principal and broker of record with Fidelity Properties.

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Transwestern names property management exec

BY Katherine Boccaccio

Atlanta — Transwestern’s Atlanta office announced Thursday that Russell Lipscomb has been promoted to SVP of property management services.

In his new role, Lipscomb will expand his oversight into business development initiatives and engage in new pursuits to further expand Transwestern’s footprint throughout the Southeast. He will continue to direct a team of 43 property management professionals and provide oversight for all Atlanta-based property management assignments.

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