REAL ESTATE

Sawgrass Mills to break ground on expansion

BY Katherine Boccaccio

Sunrise, Fla. — Indianapolis-based Simon Property Group announced that Sawgrass Mills, the largest outlet, value retail and entertainment destination in the United States with more than 350 stores, will soon break ground on its newest phase of development to increase the footprint of The Colonnade Outlets at Sawgrass Mills.

This milestone also represents the soon-to-be-completed 140,000-sq.-ft. retail expansion of the south side of the property.

The 40,000-sq.-ft. expansion of The Colonnade Outlets at Sawgrass will be located across from the existing retail structure by late 2012.

The 140,000-sq.-ft. retail expansion to the south side of the property will allow for more retailers to open this summer, including South Florida’s first outlet location from Steve Madden, plus Columbia Sportswear Outlet and Volcom. Other brands such as Forever 21 and Calvin Klein will relocate and undergo expansions to be in this new wing.

The retail surge at Sawgrass Mills will also add a second location from Michael Kors, a Bare Minerals, and the expansion of Levi’s Outlet Store. Talbot’s, Greg Norman and Old Navy, as well as a California Pizza Kitchen, will open at The Oasis at Sawgrass Mills.

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REAL ESTATE

T.J. Maxx to open new location at Southbury Plaza

BY Katherine Boccaccio

Southbury, Conn. — Real estate firm RHYS Commercial announced that T.J. Maxx has signed a long-term lease to open a 22,000-sq.-ft. store at Southbury Plaza, located in Southbury, Conn.

Southbury Plaza, owned by Gatto Development Corp., is a 300,000-sq.-ft. shopping center anchored by Stop & Shop Supermarket, Kmart and Panera Bread.

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REAL ESTATE

Party City to open new Manhattan location

BY Staff Writer

New York – Dallas-based SRS Real Estate Partners said it has negotiated an 11,825-sq.-ft. lease on behalf of Party City for a new store in the Penn Plaza district of Manhattan.

The store, at 223 West 34th St., is scheduled to open in second quarter 2012. This will be the party goods retailer’s second location in Manhattan.

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