REAL ESTATE

Ulta to open flagship store in Center City Philadelphia

BY Staff Writer

Philadelphia — Plymouth Meeting, Pa.-based Fameco Real Estate said that it represented Ulta Beauty in a 13,647-sq.-ft. lease at 1619 Walnut Street, the former Westinghouse studio, developed by Vesper Property Group and located in Center City, Philadelphia.

The lease marks Ulta’s first retail location in Center City. It will open a three-level store much like its other signature urban store in Chicago.

Built in 1937, 1619 Walnut Street was once occupied by Westinghouse Broadcasting and later CBS affiliate, KYW-TV. Vesper Property Group acquired the property in 2007 and embarked on a multimillion dollar renovation led by architecture firm Bohlin Cywinski Jackson. The upgrades were completed in 2011 and included a dramatic new glass façade, completely renovated three-story retail space and all new building systems.

“Ulta is extremely excited about developing a multi-level, urban store on Walnut Street in Philadelphia, a wonderful shopping street in a great and historic city,” said Dave Rayner, Ulta’s VP of real estate. “Our location at 1619 Walnut offers tremendous visibility and presence through its two-story glass wall storefront, a truly fine and distinctive architectural presentation.”

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REAL ESTATE

Park Plaza on Maine welcomes three new tenants

BY Staff Writer

Baldwin Park, Calif. — NewMark Merrill Cos. announced that three new tenants have joined Park Plaza on Maine, located in Baldwin Park, Calif., joining Superior Grocers, CVS, O’Reilly Auto Parts, Chase Bank, El Pollo Loco, GNC and Bank of America.

Menchie’s Yogurt signed a five-year lease for a 1,586-sq.-ft. location; LA Eyebrow signed a five-year lease for a 1,220-sq.-ft. space; and Family Dollar signed a lease for the approximately 9,000-sq.-ft. space next door to Superior Grocers.

The center, owned and managed by NewMark Merrill, will launch a major renovation and redevelopment this year.

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REAL ESTATE

Francesca’s to open at Delray Marketplace

BY Staff Writer

Delray Beach, Fla. — Indianapolis-based Kite Realty Group said that Francesca’s Collections has leased 1,200 sq. ft. at Delray Marketplace, located in Delray Beach, Fla.

The center will open November 2012 and will be anchored by Publix and Franks Theatre/Imax. The 264,823-sq.-ft. Delray Marketplace is owned by KRG Atlantic Delray Beach, LLC. Other tenants include ROC, White House | Black Market, Apricot Lane, Bobby Chan, Jos. A. Banks, Charming Charlie and Chico’s.

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E.Villanueva says:
Apr-12-2013 06:46 am

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