Stokas Realty merges with Bieri Co.
Detroit — X Team, an international alliance of retail real estate advisors, has announced a partnership between Detroit X Team Partner Stokas Realty Advisors and Detroit-based Bieri Co., resulting in the formation of Stokas Bieri Real Estate.
SBRE specializes in site selection for retailers nationwide and offers additional services, including project leasing, disposition of excess properties, restructuring, market analysis and legal services.
Pine Tree Commercial expands shopping center portfolio
Northbrook, Ill. — Pine Tree Commercial Realty announced it has acquired Loch Leven Plaza in the Orlando, Fla. suburbs, expanding Pine Tree’s portfolio to include the state of Florida.
The company purchased the Publix-anchored shopping center in Mt. Dora, Fla., on Nov. 5. Pine Tree will be handling the property management and leasing for the center.
Publix occupies 54,340 sq. ft. at the new plaza and opened last May. The center, which was completed in March, is 99% leased.
Just Salad to open in New York City
New York City — New Street Realty Advisors, LLC announced a lease transaction between Whitehall Properties II, LLC, the owners of The Caroline at 706 Avenue of the Americas, New York City, and Just Salad.
The 3,000-sq.-ft. ground floor space is located on the east side of Sixth Avenue between East 22nd Street and East 23rd Street.
Just Salad is slated to open in the spring.
Just Salad currently has five locations in New York City and two locations in Hong Kong.