REAL ESTATE

The Sporting Club opens at Voorhees Town Center

BY Staff Writer

Voorhees, N.J. — Philadelphia-based Pennsylvania Real Estate Investment Trust announced that The Sporting Club fitness center has opened a 13,000-sq.-ft. satellite location at Voorhees Town Center, located in Voorhees, N.J.

Located on the Boulevard, Sporting Club joins Firecreek Restaurant + Bar, Doghouse Gourmet Burgers, Coffee Works Café, Rizzieri Studio Salon, Rizzieri Aveda School for Beauty & Wellness, Rizzieri School for the Healing Arts, and It’s A Doggie Dog World, which just opened in early March.

“In the past year, Voorhees Town Hall, three popular restaurants, and a handful of stores have opened at Voorhees Town Center,” said Maria Umbriac, mall marketing director. “It’s really all coming together, and there is more on the horizon as we continue to expand our shopping and dining choices and services for the community.”

Also opening this year are restaurant Catelli Duo and self-serve frozen yogurt emporium Spoon Me.

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REAL ESTATE

Mid-City Market breaks ground in New Orleans

BY Katherine Boccaccio

New Orleans — Covington, La.-based Stirling Properties announced that urban shopping center development Mid-City Market has broken ground in New Orleans, along the North Carrollton Avenue commercial corridor.

Opening in early 2013, Mid-City Market will complement the proposed Lafitte Greenway pedestrian and bicycle pathway that will border the shopping center.

The 107,713-sq.-ft. Winn-Dixie-anchored shopping center represents Stirling Properties continued investment in the New Orleans market and one of the most significant retail developments in the city since hurricane Katrina.

“This project embodies the strength of the New Orleans recovery and represents yet another important step in bringing retail back to the city,” stated Lewis Stirling, executive VP of Stirling Properties.

Stirling Properties’ Townsend Underhill, VP of development, added that Stirling Properties will continue to work on a number of other potential projects in the city of New Orleans and hopes Mid-City Market will be the springboard to furthering the recovery in New Orleans.

Tenants with executed leases in the development include Office Depot, Neighborhood Pet Market by Jefferson Feed, Felipe’s Taqueria, Pinkberry Frozen Yogurt, Five Guys Burgers and Fries, and Pei Wei Asian Diner. Mid-City Market is 80% pre-leased.

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REAL ESTATE

Hull Storey Gibson acquires Piedmont Mall

BY Staff Writer

Danville, Va. — Augusta, Ga.-based Hull Storey Gibson Cos. announced Wednesday that it has acquired Piedmont Mall in Danville, Va., the 18th enclosed mall in the company’s portfolio.

The 731,500-sq.-ft. Piedmont Mall is slated for full renovation, including an upgrade of the interior and exterior lighting, entrances, signage, painting and flooring.

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