REAL ESTATE

Steel City Pops enters Houston

BY Melonie Messina

Houston

Steel City Pops has leased 3,710-sq. ft. of retail space in Heights Plaza, a specialty retail center. Kyle Knight with the Houston office of The Weitzman Group handled negotiations as tenant representative for Steel City Pops.

Heights Plaza, a project of Houston developer Radom Capital, represents the redevelopment of a historic retail property that is home to several Texas-based concepts, including Bird’s Barbershop.

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REAL ESTATE

Baker Katz completes sale of 2.12-acre property with existing 13,000-sq.-ft. office building in Houston

BY Melonie Messina

Houston — Baker Katz announced the sale of a 2.12-acre property with an existing 13,000 sq. ft. office building located in Houston, near the cross streets of U.S. Highway 59 N and West Little York Road.

Baker Katz principal Kenneth Katz made the announcement.

“Baker Katz acquired this property in June of 2015 with plans for redevelopment to accommodate the growing restaurant and retailer demand in Northeast Houston,” said Neal Wade, Baker Katz Development Partner. “We were quickly approached to sell by an end user, which is indicative of the tight supply and robust demand for well-positioned land in this immediate trade area.”

Baker Katz sold the property to a private buyer who was represented by Preston Cunningham with Cunningham Ventures in the transaction.

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REAL ESTATE

NBA to open flagship on Fifth Avenue — again

BY Marianne Wilson

The National Basketball Association is set to open a flagship on Manhattan’s Fifth Avenue next week. And according to media reports, it includes lots of attenting-getting flourishes.

The centerpiece of the new three-level store, which comes some four years after the NBA closed its previous flagship on Fifth Avenue, will be a 32-foot-tall basketball net with 31,000 LEDs that reaches up to the second floor, Women’s Wear Daily reported. The net, visible from the street, is topped with sculpture designed to replicate a basketball tread.

Other store highlights as reported by WWD include a 400-sq.-ft. video wall on the main floor that will show show league news, game highlights and social media posts; a chandelier featuring 68 Spalding basketballs; Pop-A-Shot machines; video game kiosks; and interactive screens where customers can find out about their favorite players, teams, game recaps as well as buy NBA tickets and access NBAStore.com. The screens will be located throughout the space. There is also a wall graphic that invites shoppers to “measure up” against some legendary players.

In terms of merchandise, the store will offer some 75,000 units of from 60 licensees, the report said, and include some exclusive and limited-edition product.

Gensler, Kurt Salmon and TAD Associates collaborated with NBA on the development of the store.

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