REAL ESTATE

U.S. Postal Service relocates Manhattan branch

BY Michael Fickes

New York — The United States Postal Service has signed an agreement to occupy 8,440 sq. ft. of retail space at 333 East 14th Street in Manhattan, according to the Feil Organization.

The Peter Stuyvesant branch of the U.S.P.S. inked the 10-year sublease for the space, which includes 6,940 sq. ft. on the ground floor and 1,500 sq. ft. of basement. It is a relocation of the Postal Service’s existing 432 East 14th Street branch.

“The Post Office has been downsizing its space needs in response to the growing use of email and other technologies,” said Randall Briskin, VP of leasing with Feil. “The new space is smaller than, but in close proximity to its current location, allowing the U.S.P.S. to continue convenient service for Stuyvesant Town, the East Village and the surrounding area.

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REAL ESTATE

Opus completes fourth Gander Mountain store

BY Michael Fickes

MinneapolisThe Opus Group has completed a 45,600-sq.-ft. retail building for Gander Mountain in Albany, Ga. The project’s completion marks the fourth collaboration between Opus and Gander Mountain in the last 22 months. The new store opened on Nov. 12.

The Albany store represents a new, smaller concept for Gander Mountain.

Opus also constructed Gander Mountain projects in Tuscaloosa, Ala. and Valdosta, Ga., and provided construction management services for the retailer’s new store in Opelika, Ala.

Opus Development Company, LLC provided development services, Opus Design Build, LLC was the design-builder for the project and Opus AE Group, LLC provided architecture and engineering services.

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REAL ESTATE

DSW signs inks 20,000-sq.-ft. deal in Tempe, Ariz.

BY Michael Fickes

Phoenix — DSW Designer Shoe Warehouse has taken 20,000 sq. ft. at Tempe Marketplace in Tempe, Ariz., according the CBRE, which represented DSW in the negotiations. Vestar represented Tempe Marketplace.

Developed by Vestar in 2007, Tempe Marketplace is an interactive shopping, dining and entertainment destination featuring 1.3 million sq. ft. of retail space. The tenant list now includes DSW plus Target, Cost Plus World Market, Old Navy, J.C. Penney, Gap and Best Buy. It is also the first Arizona location for Dave & Busters.

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