REAL ESTATE

Venture inks eight retail leases for 133,000 sq. ft.

BY Michael Fickes

Dallas-Fort Worth, Texas — Venture Commercial has completed eight retail leases spanning 133,000 sq. ft. for landlords and tenants across North Texas.

“Significant leasing activity across the area in recent months shows that the DFW market is really heating up,” said Bryan Cornelius, a partner with Venture Commercial.

  • Stacy Furniture & Design will open a 43,250-sq.-ft. store in the Preston Parker Crossing shopping center in Plano. Venture represented the tenant, and United Commercial Realty represented the landlord. Venture said the furniture retailer is looking for additional locations in the region.
  • Whole Earth Provision Co. has opened a 22,361-sq.-ft. store in Southlake Town Square shopping center. It is the retailers third location in the DFW market. Venture represented the tenant and United Commercial Realty represented the landlord.
  • Starbucks is moving to a 2,170-sq.-ft. end cap at Sundance Square in Fort Worth in November. The space includes an outdoor patio. Venture represented Starbucks, and Sundance Square Management represented the landlord.
  • Party City Corp. has signed a 12,389-sq.-ft. lease at Overton Park Plaza in Fort Worth. Venture represented Party City. Weingarten Realty represented the landlord.
  • Five Below has signed on for an 8,000-sq.-ft. store at Lake Prairie Towne Crossing in Grand Prairie. It will be the retailer’s 16th location in Texas. Venture represented the landlord, Kimco Realty and Edge Realty Partners represented Five Below.
  • Durango Trading Company has moved to a new 14,286-sq.-ft. space in the Preston Beltline shopping center in Dallas. Venture represented Durango and Crestview Real Estate represented the landlord.
  • Gen-X will open a 14,650 sq.-ft. clothing store in Wynnewood Village Shopping Center in Dallas. It will be the retailer’s second DFW store. Venture represented the tenant and Brixmor represented the landlord.
  • Venture represented 99 Cents Only Stores Texas, which has leased a 16,086-sq.-ft. anchor space in Galloway Plaza in Mesquite. Baker Holdings represented the landlord.

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REAL ESTATE

Destination Maternity flagship to open in Virginia Beach

BY Michael Fickes

Virginia Beach, Va. — Destination Maternity Corp. has leased 5,033 sq. ft. for a new flagship store in The Town Center of Virginia Beach, according to Divaris Real Estate.

Motherhood Maternity will close all of its locations in Southside Hampton Roads and move into the new Destination Maternity in September. The new store will carry all of the retailers concepts including Motherhood Maternity and A Pea in the Pod.

DRE, which leases The Towne Center, represented the retailer, and Divaris Property Management Corp. manages the mixed-use town center property located in the central business district of Virginia Beach.

DRE is a member of Realty Resources and the CORE Network.

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REAL ESTATE

Marcus & Millichap names regional director

BY Michael Fickes

Calabasas, Calif. — Marcus & Millichap Real Estate Investment Services has named Paul Loubet as western region director of the national retail group.

Based in the firm’s Newport Beach, Calif., office, Loubet will direct more than 100 investment sales professionals operating from more than 25 offices comprising Marcus & Millichap’s western region.

An industry veteran with 25 years experience, Loubet has closed more than 75 shopping center transactions valued at more than $500 million. He has served as the big-box leasing specialist for the western region with General Growth Properties and as VP investments, with Regency Centers, where he acquired and developed grocery-anchored neighborhood and community shopping centers.

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