REAL ESTATE

Save-A-Lot to anchor Cleveland redevelopment

BY Staff Writer

Cleveland — CenterMark Development LLC announced that Save-A-Lot Food Stores, along with the Ohio debut of discount apparel retailer Forman Mills, will anchor The Shops at Garrett Square. The 65,000-sq.-ft. project is the first phase of a neighborhood revitalization plan envisioned by city officials seven years ago, and plans call for subsequent development of up to two more retail outlots targeting much‐needed retail uses.

CenterMark said it expects to complete its $1.3 million rehabilitation and turn over the retail spaces to tenants in December in order for them to tailor their interior improvements. Grand opening is expected in spring 2012.

“As a value‐minded neighborhood grocer, Save‐A‐Lot is pleased to be part of this neighborhood revitalization project by bringing a new grocery store and more than 20 new jobs to this community,” said Chon Tomlin, external communications manager for Save‐A‐Lot.

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REAL ESTATE

Two new retail leases signed for Diablo Plaza

BY Staff Writer

San Ramon, Calif. — Jacksonville, Fla.-based Regency Centers said that two new tenants have leased space at Diablo Plaza, located in San Ramon, Calif.

Beverages & more! leased 12,015 sq. ft. and is slated to open this fall. Another new addition, West Coast Gold Buyers, leased 1,300 sq. ft. and is now open.

The 63,265-sq.-ft. center includes national retailers such as Safeway, CVS/pharmacy, Verizon Wireless and McDonald’s.

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Prime Sole to open at Clocktower Place

BY Staff Writer

Florissant, Mo. — Brixmor Property Group announced a 5,000-sq.-ft. lease has been executed with shoe retailer Prime Sole at Clocktower Place, located in Florissant, Mo.

Brixmor, based in New York City, is the owner of Clocktower Place.

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