TENANT UPDATE

TopGolf signs lease for first northeast location

BY Melonie Messina

Edison, N.J. — X Team International announced that partner, Welco Realty has completed a 65,000 sq. ft. lease on behalf of Hartz Mountain Industries for the first northeast location of Topgolf, which will join Edison Towne Square in Edison, New Jersey.

Topgolf will be a stand-alone venue as part of a larger retail development for Edison Towne Square, which is situated on the site of the former Ford Motor plant located one mile south of the intersection of the NJ Turnpike and I-287. The venue is slated to open between fall 2016 and winter 2017.

“We are proud to have represented Hartz Mountain Industries as they introduce this global golf entertainment leader to the New Jersey area,” said Jerry Welkis, president for Welco Realty. “This is the company’s first location in the northeast, and we are confident that Topgolf will thrive in this location.”

Jerry Welkis and David Sternschuss, principals of Welco Realty, represented the landlord, Hartz Mountain Industries.

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REAL ESTATE

Mid-America Real Estate promotes Alan Young to principal

BY Melonie Messina

Minneapolis — Mid-America Real Estate – Minnesota named Alan Young as principal of the company.

Young joined Mid-America in 2011 and currently oversees the third party management of a multi-unit retail portfolio comprised of neighborhood, strip and grocery-anchored shopping centers. In addition he focuses on business development and enhancing operational efficiencies to best facilitate the continued growth of client services at Mid-America.

“Throughout his career, Mr. Young has been associated with numerous large scale project renovations, new property openings and noteworthy management transitions. His vast experience in the retail management world and his time serving as a regional VP and manager at General Growth Properties make him a great addition to our partnership team” stated Doug Sailor, principal/managing partner for Mid-America.

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REAL ESTATE

Kroger will deliver the goods in more places

BY CSA STAFF

The Kroger Co. is reportedly planning to expand its ClickList click-and-collect service to the Lone Star State in summer 2016. According to the Cincinnati Business Journal, Kroger will offer ClickList, which lets customers order groceries in advance and pick up them up at a predetermined time at a local store, at select stores in the Houston and Dallas markets. Those markets contain a total of 214 stores, including some in Louisiana, but the retailer intends to offer ClickList at about 20 stores in each metro area. Currently, Kroger offers the service at 46 stores in seven markets across the U.S. [Cincinnati Business Journal]

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