REAL ESTATE

Three new leases signed at Village at Lee Airpark

BY Katherine Boccaccio

Annapolis, Md. —Jacksonville, Fla.-based Regency Centers said three new tenants have leased space at Village at Lee Airpark, located in Annapolis, Md.

Coldstone Creamery has leased 1,240 sq. ft., AT&T Authorized Dealer CellComm has leased 2,076 sq. ft., and Bay Tunes Guitars has leased 1,390 sq. ft.

All three retailers are slated to open fall 2011, bringing the first phase of Village at Lee Airpark to 98% occupancy.

The 92,556-sq.-ft. shopping center is anchored by a 62,806-sq.-ft. Giant Food supermarket alongside national retailers Chipotle Mexican Grill, Panera Bread, Subway, GNC and Hair Cuttery.

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REAL ESTATE

Boqueria to open new restaurant in Washington, D.C.

BY Katherine Boccaccio

Washington, D.C. —Grosenor Americas announced that tapas restaurant Boqueria will open a 5,331-sq.-ft. restaurant in a former Penang Malaysian Cuisine space in Washington, D.C.

Boqueria, which operates two New York City locations, is slated to open fourth quarter 2011.

Grosvenor Americas also announced that Irish Whiskey will open a 3,815-sq.-ft. bar in the adjacent former Porters Dining Saloon space.

“Boqueria and its new neighbor, Irish Whiskey, will provide new social venue alternatives in this popular area just south of DuPont Circle,” said Perry C. Reith, senior asset manager, Grosvenor Americas.

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Lucescu Realty opens Phoenix office, sells The Promenade in Scottsdale

BY Katherine Boccaccio

Newport Beach, Calif. — Lucescu Realty said it has opened a new regional office in Phoenix, its second office outside its California headquarters. The company recently opened a Las Vegas office and plans to open a San Francisco presence by year-end 2011.

In other company news, Lucescu Realty said it completed the sale of The Promenade in Scottsdale, for $110 million. Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego.

The retail component of the mixed-use project comprises a 730,000-sq.-ft. power center, 433,533 sq. ft. of which was included in the sale, and is anchored by Lowe’s Home Improvement (not part of the sale), The Great Indoors (not part of the sale), Nordstrom Rack, Office Max, PetSmart, Old Navy, Michaels, SteinMart, Trader Joe’s, Cost Plus World Market and Pier One Imports.

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