REAL ESTATE

Sola Salon to open at Southlands

BY CSA STAFF

Aurora, Colo. Denver-based The Laramie Co. said Thursday that Sola Salon Studios has leased 5,400 sq. ft. at Southlands, an outdoor shopping center in Aurora, Colo.

This will be Sola Salon Studios’ ninth Denver-area location.

The largest retail center in metro Denver, Southlands is a 1.7-million-sq. ft. outdoor center with a four-block Main Street and community plaza surrounded by additional retailers and restaurants.

Major tenants include Kerasotes Southlands Stadium 16 Theater; Barnes & Noble; Banana Republic; Chico’s; Coldwater Creek; Gap, Fuzziwig’s Candy Factory; McCabe’s Irish Bistro & Pub; Sports Authority; and Ted’s Montana Grill.

Forest City Commercial Management is asset manager for the center.

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REAL ESTATE

Cole acquires major portion of Manchester Highlands Shopping Center

BY CSA STAFF

Manchester, Mo. St. Louis-based developer Pace Properties has sold a major portion of Manchester Highlands shopping center, in Manchester, Mo., to Phoenix-based Cole Real Estate Investments for $48.5 million.

The acquired assets include 29 acres occupied by a Wal-Mart Supercenter plus a group of junior anchor and in-line space totaling 136,000 sq. ft. The center is 98% leased.

Pace retains ownership of two new retail buildings hosting a combined 12,000 sq. ft. located on the northern end of the shopping center, as well as two undeveloped out-lots totaling three acres east of Manchester Highlands Drive.

Pace will continue to manage and lease Manchester Highlands.

Pace opened the first phase of Manchester Highlands in late 2008. Major tenants complementing Wal-Mart include Best Buy, PetSmart, Bed Bath & Beyond, Ulta Salon and Carters Children’s Wear. Additionally, a Costco Warehouse Club owned by Costco is on the Manchester Highlands site.

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REAL ESTATE

Bed Bath & Beyond to open in former Linens ’N Things space

BY CSA STAFF

Vienna, Va. Chevy Chase, Md.-based JBG Rosenfeld Retail said it has finalized a deal with Bed Bath & Beyond for a 56,500-sq.-ft. space in Vienna, Va., that was formerly home to Linens ’N Things.

The new Bed Bath & Beyond, located in the heart of the Tysons Corner area, is a relocation space for the retailer and will open during the fourth quarter of this year.

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