REAL ESTATE

Upscale Maryland outlet center on the boards

BY Katherine Boccaccio

Clarksburg, Md. — Tanger Factory Outlet Centers and Peterson Cos. said Wednesday that the pair will develop an upscale outlet center in Clarksburg, Md.

The new outlet center, currently in the pre-development stage, will be branded as Tanger Outlets and located 27 miles northwest of Washington, D.C. and 36 miles west of Baltimore.

"This partnership with Peterson Cos. is strategically designed to deliver a world-class outlet center to this exciting Mid-Atlantic market,” said Steven B. Tanger , president and CEO, Tanger Factory Outlet Centers.

The announcement of the latest Tanger Outlets follows the two companies’ groundbreaking and ongoing development of Tanger Outlets National Harbor scheduled to open for holiday 2013.

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REAL ESTATE

Plaza at Preston Center to unveil new tenants, expansion

BY Katherine Boccaccio

Dallas — Venture Commercial said Monday that The Plaza at Preston Center, in Dallas, will see the Texas debuts of Sprinkles Ice Cream and True Food Kitchen this spring, and international retailers LUBLU Kira Plastinina and Aftershock London have selected The Plaza for their flagship U.S. stores.

Venture, which serves as the exclusive broker for the lifestyle center located in the heart of the Park City neighborhood, also said that Sprinkles Cupcakes and Calypso St. Barth are expanding and/or relocating their stores at The Plaza.

“The Plaza at Preston Center has undergone some major changes over the past year, with the construction of the new five-story mixed-use building and the addition of the University Park Library, Cambridge Holdings and Morgan Stanley to its upper floors,” said Mike Geisler, founding partner of Venture Commercial.

LUBLU Kira Plastinina will make its American debut in late June with a 1,096-sq.-ft. store on the ground floor of the new building, and Aftershock London will open its flagship U.S. store on May 9 in 1,850 sq. ft.

Sprinkles Ice Cream, an extension of the Sprinkles Cupcakes brand, will open in a 1,135-sq.-ft. space adjacent to the cupcake store in June. This will be Sprinkles Ice Cream’s third location in the country and its first location outside of southern California. Sprinkles Cupcakes will also add its cupcake ATM this summer.

Calypso St. Barth is combining its fashion and home stores into a single lifestyle store. The new 3,173-sq.-ft. space between Taco Diner and R+D Kitchen opens Apr. 11.

Dallas jewelry maker Matthew Trent, another exclusive Plaza tenant, will return to his original location in a larger, 1,600-sq.-ft. space on the ground level of the new building.

Last September The Plaza announced that True Food Kitchen will open its first Texas location in a 4,419-sq.-ft. space late this summer.

In addition, Bag’n Baggage has opened in a 3,419-sq.-ft. space between Bachendorf’s and E Trade Financial.

With these new additions and expansions, The Plaza is nearly 100% leased.

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REAL ESTATE

Crumbs Bake Shop debuts at Cherry Hill Mall

BY Katherine Boccaccio

Cherry Hill, N.J. — Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Crumbs Bake Shop recently opened its first area location at Cherry Hill Mall, in Cherry Hill, N.J.

The 200-sq.-ft. foot kiosk is a dessert supplement to major Cherry Hill Mall dining players such as Grand Lux Café, Bobby’s Burger Palace, California Pizza Kitchen, Maggiano’s Little Italy, Seasons 52, The Capital Grille, and Bahama Breeze.

Cherry Hill Mall is anchored by Nordstrom, Macy’s, and J.C. Penney, and features American Apparel, Apple, A/X Armani Exchange, Crate and Barrel, H&M, Henri Bendel, Hugo Boss, J. Crew, MAC, Michael Kors, Pandora, Pottery Barn, Sephora, Swarovski, Teavana, The Art of Shaving, The Container Store, The North Face, True Religion, Urban Outfitters, Forever XXI and more.

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