REAL ESTATE

Sprouts to anchor Granada Village shopping center

BY CSA STAFF

Granada Hills, Calif. Jacksonville, Fla.-based Regency Centers announced Thursday that Sprouts Farmers Market will anchor the Granada Village shopping center, in Granada Hills, Calif., near Los Angeles.

Sprouts, based in Phoenix, leased 25,000 sq. ft. and is slated to open in fall 2011. To make way for the new Sprouts Farmers Market, the existing 21,440-sq.-ft. Rite Aid will be relocated to a 15,570-sq.-ft. end-cap location with a drive-through lane.

With the addition of Sprouts Farmers Market, Regency will renovate the center with a new exterior facade, upgraded architectural components, new pedestrian plaza, signage, and parking lot improvements. All retailers will remain open during the center upgrades which are scheduled to begin in winter 2010 and to be completed in fall 2011.

As part of the company’s “greengenuity” program for sustainable green building and development practices, the center will incorporate energy-efficient lighting, an underground storm water retention and treatment system and water-efficient landscaping. 

“We’ve incorporated sustainable elements in the project that can lower tenants’ operational costs through common area maintenance savings,” explained Heather Randall, Regency Centers’ VP and regional officer. “For example, upgrading the light fixtures will reduce common area energy use by 15 to 30%.” Portions of the project will pursue LEED Core-and-Shell certification.

The 224,648-sq.-ft. shopping center features a 35,000-sq.-ft. TJ Maxx, a 32,276-sq.-ft. Stein Mart alongside national retailers such as Sally Beauty Supply, The UPS Store, H&R Block, Burger King and RadioShack.

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REAL ESTATE

Buckeye Hall of Fame Grill to open at Grandview Yard

BY CSA STAFF

Columbus, Ohio Columbus, Ohio-based Nationwide Realty Investors (NRI) announced that it will open the Buckeye Hall of Fame Grill at Grandview Yard, in Columbus, in November.

The 6,500-sq.-ft. sports restaurant and bar will feature Ohio State University memorabilia, and will join Hyatt Place hotel, Urban Active Fitness and Jason’s Deli in the first phase of Grandview Yard.

Located on the former Big Bear warehouse site and encompassing more than 80 acres, NRI’s Grandview Yard will include 1.5 million sq. ft. to 2 million sq. ft. of commercial space, including a significant retail component, restaurants, office space and more than 600 residential (condo and apartment) units. New community parks and significant infrastructure improvements are also included in the master plan.

NRI is the real estate development affiliate of Nationwide Mutual Insurance Co. and the developer of the $750 million, mixed-use Arena District in Columbus.

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REAL ESTATE

Joe the Jeweler to open at First State Plaza

BY CSA STAFF

Stanton, Del. Jacksonville, Fla.-based Regency Centers said it has leased retail space in Stanton, Del., at First State Plaza to Joe the Jeweler.

Joe the Jeweler has leased 1,200 sq. ft. for its ninth location. The tenant is slated to open this fall.

The 164,779-sq.-ft. shopping center is anchored by Shop Rite, alongside Great Clips, McDonald’s and GameStop. 

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