REAL ESTATE

Sembler redeveloping Nokomis Village

BY Katherine Boccaccio

Nokomis, Fla. — The Sembler Co. announced that it is redeveloping the Nokomis Village Shopping Center, anchored by Publix and located in Nokomis, Sarasota County, Fla.

Publix will close on March 30, while other tenants including Anthony’s ladies apparel, Village Pharmacy, Ophelia’s Pasta restaurant, and Saltwater Café remain open during the construction of a new Publix store.

The redevelopment of the 143,697-sq.-ft. center will include improvements to the entire property from landscaping to building facade upgrades. Publix is expected to re-open in its new building before the end of 2013. In the interim, Publix is encouraging its customers to shop at its other stores in the area.

Sembler took over the third-party management of the Nokomis Village Shopping Center four years ago and negotiated the deal to tear down the existing Publix and redevelop the entire 30-year-old center; in fall 2011, Sembler purchased the center and began the redevelopment plans.

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REAL ESTATE

Venture reps 22,400 sq. ft. in retail leases in D-FW area

BY Katherine Boccaccio

Dallas/Fort Worth — Venture Commercial said it has represented tenants Sola Salon Studios and Guitar Center in the completion of two D-FW leases, totaling 22,400 sq. ft. of space.

Sola Salon Studios has opened a new 10,237-sq.-ft. studio in the Marketplace at Highland Village shopping center, the chain’s fifth location in Texas.

Guitar Center leased 12,163 sq. ft. at Town East Crossing in Mesquite, Texas.

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REAL ESTATE

Petco to open at Merchants Park

BY Katherine Boccaccio

Houston — Brixmor Property Group said that Petco will open a new 12,150-sq.-ft. store at Merchants Park, in Houston.

Brixmor, based in New York City, is the owner of Merchants Park.

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