REAL ESTATE

Terranova, Acadia acquire three buildings in $52 million deal

BY CSA STAFF

Miami Beach, Fla. — Joint venture affiliates of Terranova Corp. and Acadia Realty Trust announced they have closed on the acquisition of three Lincoln Road properties in Miami Beach, Fla.

The approximately $52 million deal adds just over 61,000 sq. ft. to their urban street-front retail portfolios.

Current tenants at the properties include Starbucks, Geox Shoes, and Zagat-rated restaurants Sushi Samba Dromo and Tacontento. Terranova will manage and lease the Lincoln Road properties.

Lincoln Road is an eight-block open-air pedestrian mall featuring high-end restaurants, boutiques, and bars and entertainment.

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B.Ermias says:
Feb-01-2013 01:03 am

It was in the report that those restaurants occupies samba dancers sydney and other entertainer for guests to visit the place. You’ll surely enjoy your moment there and have time with your friends. We wanted to go there yet we’re still saving our money in our daily needs but hopefully we can visit that place on March.

B.Ermias says:
Feb-01-2013 01:03 am

It was in the report that those restaurants occupies samba dancers sydney and other entertainer for guests to visit the place. You’ll surely enjoy your moment there and have time with your friends. We wanted to go there yet we’re still saving our money in our daily needs but hopefully we can visit that place on March.

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REAL ESTATE

Panda Express to open at Scharrington Square

BY CSA STAFF

Schaumburg, Ill. — Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Panda Express signed a lease for 2,400 sq. ft. of space at Scharrington Square in Schaumburg, Ill., a northwest suburb of Chicago.

Panda Express is slated to open this summer.

Renewing leases at the 187,812-sq.-ft. Scharrington Square are anchor Jewel/Osco for 64,925 sq. ft. of space, and Panera Bread for 4,500 sq. ft. of space, which has plans to add a drive-through service.

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Red Mango makes regional debut at Cherry Hill Mall

BY CSA STAFF

Cherry Hill, N.J. — Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that frozen yogurt purveyor Red Mango has opened at Cherry Hill Mall.

The 196-sq.-ft. Red Mango kiosk is located near Macy’s Court and is the company’s first in the region.

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