REAL ESTATE

Scheels to open 220,000-sq.-ft. store in Sandy, Utah

BY CSA STAFF

New York City — Sporting goods retailer Scheels will open a 220,000-sq.-ft. store in Sandy, Utah. The store, which will be located at a new development to be called One Fourteen, will feature a 65-ft.-tall Ferris wheel, a 16,000-gallon salt-water aquarium, and “sports simulators” for golf, soccer, hockey, baseball, football and basketball.

Scheels operates 23 stores in eight states. The new Utah location is expected to open in the fall of 2012.

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REAL ESTATE

Trademark Property acquires department store

BY CSA STAFF

Fort Worth, Texas — Trademark Property Co. said Tuesday it acquired a vacant 67,000-sq.-ft. department store space formerly occupied by Mervyn’s in its Santa Fe Place mall located in Santa Fe, N.M.

The 571,238-sq.-ft. Santa Fe Place was acquired in the summer of 2010. Trademark is directing the remerchandising and redevelopment of the property, which is Northern New Mexico’s only regional mall, for its private equity partner.

“This significant investment, which has been in the works since May of 2010, definitively secures our ownership and control of this prominent anchor space and marks a major milestone in the redevelopment of Santa Fe Place,” said Trademark Property Co. president Tommy Miller.

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REAL ESTATE

Two new leases signed at Greenwood Springs shopping center

BY CSA STAFF

Greenwood Springs, Ind. — Jacksonville, Fla.-based Regency Centers said it has leased retail space in Greenwood Springs, Ind., to two new tenants at Greenwood Springs shopping center.

Cannoli Queen has leased 1,400 sq. ft. of restaurant space and Superior Discount Liquors has leased 2,800 sq. ft. of retail space. The businesses are slated to open in the spring.

The 292,827-sq.-ft. shopping center is anchored by Walmart and Gander Mountain alongside national retailers such as Sport Clips and Buffalo Wild Wings.

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