REAL ESTATE

Shopping center in Texas changes hands

BY Dan Berthiaume

Houston – Transwestern has completed the sale of Hannover Commons Shopping Center in Spring, Texas. After leasing the newly constructed 10,020-sq.-ft. shopping center to 100% occupancy, Transwestern represented the seller, Hannover Woods Retail Partners LLC, in the disposition of the asset to a local investor.

"The center is located directly across from the area’s only HEB," said Transwestern’s Micha van Marcke, CCIM, senior VP. "The sale of the center was greatly enhanced by its proximity to the new Exxon Mobil campus currently under construction. As a result, the property received strong interest from not only local buyers but investors from across the country."

Transwestern’s van Marcke, Chace Henke, retail associate, and Tony Armstrong, VP, represented the developer and seller in the transaction.

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REAL ESTATE

Dick’s Sporting Goods opens stores in Wyoming, Kentucky on Oct. 25

BY Dan Berthiaume

Pittsburgh – Dick’s Sporting Goods is opening new stores in Wyoming and Kentucky on Oct. 25. The new stores are located at the Eastridge Mall in Casper, Wy., and Gary Farms in Bowling Green, Ky.

The Casper store will be Dick’s first store in Wyoming, and the Bowling Green will be the retailer’s ninth store in Kentucky. Dick’s will have a total of 547 stores as of Oct. 25.

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Legoland Discovery Center breaks ground near Boston

BY Dan Berthiaume

Somerville, Mass. – Merlin Entertainments has reportedly broken ground on a new Legoland Discovery Center location at the 50-acre, mixed-use Assembly Row development in Somerville, Mass. According to the Boston Globe, the 44,000-sq.-ft. store will open in May 2014.

The store will be the only Legoland location in New England and employ about 100 people. Other retailers planning to open stores at Assembly Row include Nike, Brooks Brothers, Chico’s, and J.P. Licks.

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