Trademark Property acquires department store
Fort Worth, Texas — Trademark Property Co. said Tuesday it acquired a vacant 67,000-sq.-ft. department store space formerly occupied by Mervyn’s in its Santa Fe Place mall located in Santa Fe, N.M.
The 571,238-sq.-ft. Santa Fe Place was acquired in the summer of 2010. Trademark is directing the remerchandising and redevelopment of the property, which is Northern New Mexico’s only regional mall, for its private equity partner.
“This significant investment, which has been in the works since May of 2010, definitively secures our ownership and control of this prominent anchor space and marks a major milestone in the redevelopment of Santa Fe Place,” said Trademark Property Co. president Tommy Miller.
Two new leases signed at Greenwood Springs shopping center
Greenwood Springs, Ind. — Jacksonville, Fla.-based Regency Centers said it has leased retail space in Greenwood Springs, Ind., to two new tenants at Greenwood Springs shopping center.
Cannoli Queen has leased 1,400 sq. ft. of restaurant space and Superior Discount Liquors has leased 2,800 sq. ft. of retail space. The businesses are slated to open in the spring.
The 292,827-sq.-ft. shopping center is anchored by Walmart and Gander Mountain alongside national retailers such as Sport Clips and Buffalo Wild Wings.
Three retailers to open at Cherry Hill Mall this spring and summer
Cherry Hill, N.J. — Philadelphia-based Pennsylvania Real Estate Investment Trust said that its Cherry Hill Mall property, located in Cherry Hill, N.J., will welcome three new retailers this spring and summer.
Lids Locker Room opened in March, and two shoe retailers, Traffic and Clarks, are slated to open this summer.
The 3,027-sq.-ft. Lids Locker Room is the only store of its kind in New Jersey and Pennsylvania. The 1,500-sq.-ft. Traffic store will be located in the J.C. Penney wing, and Clarks will open a new prototype at Cherry Hill Mall, the fourth to open to date, measuring 1,800 sq. ft.