REAL ESTATE

Ulta opens at Patriot Place’s South Marketplace

BY Katherine Boccaccio

Foxborough, Mass. — Ulta Beauty opened its newest location on May 24 at Patriot Place, in Foxborough, Mass. The 10,000-sq.-ft. store in Patriot Place’s South Marketplace is the beauty chain’s eighth Massachusetts location.

Patriot Place is a shopping, dining and entertainment destination located adjacent to Gillette Stadium on Route 1 in Foxborough. It features large and boutique retailers, 17 casual to high-end restaurants and other nightlife venues. Among Patriot Place’s other highlights are a 14-screen Showcase Cinema De Lux, the Hall at Patriot Place presented by Raytheon, a Brigham & Women’s/Mass General Health Care Facility, and a four-star Renaissance Hotel & Spa.

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REAL ESTATE

Douglas Development taps CBRE to lease Penn Quarter project

BY Katherine Boccaccio

Washington, D.C. — Douglas Development said it has teamed with CBRE on a new boutique office and retail project in Washington, D.C.’s Penn Quarter neighborhood.

The 11-story office building will occupy approximately 93,000 sq. ft., and include 7,000 sq. ft. of ground-floor retail space. The building will offer two floors of below grade parking, outdoor terraces, and a terracotta façade.

Designed by Shalom Baranes Associates, the project will incorporate a two-story designated historic structure, the facades of which will be restored, and the interior renovated and fully integrated with the contemporary building. The building’s structure will consist of post-tensioned concrete floors and reinforced concrete columns on a mat slab foundation. Construction is scheduled to begin in late 2013.

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REAL ESTATE

Hobby Lobby to make Oregon debut

BY Katherine Boccaccio

Albany, Ore. — Vintage Real Estate said that it has signed a lease with Hobby Lobby for a 61,000-sq.-ft. store at the Heritage Mall, marking the arts-and-crafts retailer’s first location in Oregon.

Hobby Lobby will be located in a former Gottschalks space. It is expected to open in the first quarter of 2014. “Our ability to quickly fill this long-vacant space is a major step in the execution of our renovation and repositioning plans for Heritage Mall,” said general manager Betsy Penson.

Vintage Real Estate acquired the 406,500-sq.-ft. mall in December 2012. On 33 acres, it has more than 52 major retailers, boutiques and restaurants including Target, Sears, Ross Dress for Less, Old Navy, Maurice’s, rue 21, Zumiez, Famous Footwear, Game Stop and Bath & Body Works.

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