REAL ESTATE

Under Armour opens in Madrid

BY Marianne Wilson

New York City — Athletic apparel, footwear and accessories marketer Under Armour has opened its first European outlet store, in Madrid, Spain.

The space offers high-value shopping in a high-end environment, with a design that strikes a balance between Under Armour’s high-performance athletic goods and its aggressive, intense brand image. Designed by Storeage, Amsterdam (Netherlands), it combines a warehouse look and feel, with concrete floors, industrial lamps and steel fixtures. Clean lines and sleek styling add a note of European sophistication.

Other décor elements include a video wall highlighting the brand’s latest ads and videos, larger-than-life murals with athletic imagery and educational graphics that convey the performance benefits of Under Armour products.

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B.Brent says:
Nov-30-2012 03:23 pm

Under Armour is slowly but surely getting a lot of shares in the market. For the past few years, they are making the smart moves. - Garrett Hoelscher

B.Brent says:
Nov-30-2012 03:23 pm

Under Armour is slowly but surely getting a lot of shares in the market. For the past few years, they are making the smart moves. - Garrett Hoelscher

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REAL ESTATE

Regency leases 8,600 sq. ft. to four new tenants in Houston market

BY Staff Writer

Houston — Jacksonville, Fla.-based Regency Centers said it has leased 8,600 sq. ft. of retail space in Houston to four new tenants.

In The Woodlands, Zoës Kitchen leased 3,018 sq. ft. at Sterling Ridge Village Center, bringing the center to 100% occupancy. The restaurant is slated to open in December. Optometry office Woodland’s Eye Center leased 2,019 sq. ft. for an October opening at Indian Springs Center, bringing the center to full occupancy.

Orange Leaf Frozen Yogurt is scheduled to open in 1,875 sq. ft. at the 96% leased Sweetwater Plaza in October, and Orange Lunch Box will open a 1,700-sq.-ft. restaurant at Woodway Collection in December.

Sterling Ridge Center, a 128,643-sq.-ft. shopping center anchored by Kroger alongside national retailers such as CVS/pharmacy, Quiznos, Sport Clips and The UPS Store, is located at 6700 Woodlands Parkway in The Woodlands. H-E-B anchored Indian Springs Center is a 136,624-sq.-ft. neighborhood center located at Kuykendahl Road and Woodlands Parkway. Sweetwater Plaza is a 134,000-sq.-ft. Kroger center located at 4755 Sweetwater Blvd. in Sugar Land. Woodway Collection, which is currently undergoing a redevelopment, is located at 1407 South Voss Road with national retailers such as Randalls, Pearle Vision and Carrabba’s Italian Grill.

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CB Richard Ellis to provide real estate services to UPS

BY Staff Writer

Los Angeles — CB Richard Ellis Group said Wednesday that the United States Postal Service (USPS) has awarded CB Richard Ellis a contract to serve as its exclusive provider of strategic corporate real estate solutions nationally.

CB Richard Ellis will provide transaction management services for USPS, including leasing and disposition. USPS’s portfolio consists of approximately 35,000 facilities, totaling over 300 million sq. ft.

Historically, USPS has worked with multiple real estate service providers, including CB Richard Ellis since 1997. The new contract with CB Richard Ellis enables USPS to consolidate these activities with one service provider.

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