REAL ESTATE

Two new retail leases signed for Diablo Plaza

BY Staff Writer

San Ramon, Calif. — Jacksonville, Fla.-based Regency Centers said that two new tenants have leased space at Diablo Plaza, located in San Ramon, Calif.

Beverages & more! leased 12,015 sq. ft. and is slated to open this fall. Another new addition, West Coast Gold Buyers, leased 1,300 sq. ft. and is now open.

The 63,265-sq.-ft. center includes national retailers such as Safeway, CVS/pharmacy, Verizon Wireless and McDonald’s.

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REAL ESTATE

Prime Sole to open at Clocktower Place

BY Staff Writer

Florissant, Mo. — Brixmor Property Group announced a 5,000-sq.-ft. lease has been executed with shoe retailer Prime Sole at Clocktower Place, located in Florissant, Mo.

Brixmor, based in New York City, is the owner of Clocktower Place.

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REAL ESTATE

TIAA-CREF and CBL close $1.09-billion JV

BY Staff Writer

Chattanooga, Tenn. — TIAA-CREF and CBL & Associates Properties have announced the closing of their $1.09 billion real estate joint venture to invest in market-dominant shopping malls.

TIAA-CREF has completed its investment in four of CBL’s market-dominant shopping malls: Oak Park Mall in Kansas City, Kan.; West County Center in St. Louis; CoolSprings Galleria in Nashville; and Pearland Town Center in Pearland, Texas.

“TIAA-CREF’s investment strengthens our balance sheet and partners us with a well-capitalized institution to pursue new opportunities,” said Stephen Lebovitz, CBL’s president and CEO.

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