REAL ESTATE

Three new tenants for Tempe Marketplace

BY Michael Fickes

Tempe, Ariz. — DSW, Nordstrom Rack and Total Wine & More have leased space at the 1.3 million-sq.-ft. Tempe Marketplace in Tempe, Ariz.

DSW will open a 20,000-sq.-ft. store in mid April. Nordstrom Rack plans to open a 35,000-sq.-ft. store in October. Total Wine & More, the largest independent fine wine retailer in the country, will occupy 20,000 sq. ft. and plans to open in October.

Vestar developed and owns Tempe Marketplace.

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REAL ESTATE

Cheesecake Factory, H&M to Fayette Mall in Lexington, Ky.

BY Michael Fickes

Chattanooga, Tenn. — The Cheesecake Factory and H&M will open at Fayette Mall in Lexington, Ky., as part of a redevelopment by owner CBL & Associates Properties.

The redevelopment will renovate a former Sears store and expand the mall entrance to create 115,000 sq. ft. of new retail space for a mix of fashion and home furnishing stores and restaurants. Construction has begun, and CBL expects the work to be completed this fall.

H&M will open a two-level, 23,000-sq.-ft. store adjacent to the new mall entrance. Additional stores and restaurants coming to Fayette Mall include Brighton, Clarks footwear, Jos. A. Bank, Michael Kors and Newk’s Eatery.

Anchored by Dillard’s, Macy’s, J.C. Penney and Dick’s Sporting Goods, Fayette Mall is a 1.4 million sq.-ft. super regional shopping center featuring more than 150 specialty stores and eateries.

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REAL ESTATE

CBRE arranges equity for San Francisco development

BY Michael Fickes

San Francisco — CBRE has introduced AIG Global Real Estate to Associated Estates Realty Corp. The two companies have formed a 50:50 joint venture partnership to develop a 3.36-acre mixed-use project at 8th and Harrison in San Francisco, Calif. The project will be known as 350 Eighth.

Located in the South of Market or SoMa neighborhood of San Francisco, 350 Eighth will consist of 410 rental apartment homes and 40,000 sq. ft. of office and retail space. Site work has begun and first occupancy is scheduled for fourth quarter 2015.

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