REAL ESTATE

Vineyard Vines makes Ohio debut at Easton Towne Center

BY Katherine Boccaccio

Columbus, Ohio — Vineyard Vines, a retailer of preppy inspired clothing and accessories, has opened a 3,000-sq.-ft. store in Easton Town Center. The store is the brand’s third Midwest location after Chicago and St. Louis, and is part of a plan to open 10 more stores in major U.S. markets by the end of 2015.

Easton Town Center, located in the heart of Columbus, Ohio, was co-developed by The Georgetown Company, Steiner + Associates and Limited Brands. Opened in June 1999, Easton is a 1.7 million-sq.-ft. “New Urban” shopping center that features pedestrian-friendly streetscapes, open-air gathering spaces, fountains and parks for children, in addition to nearly 200 best-of-class retail, entertainment and dining tenants.

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REAL ESTATE

Baker Katz completes redevelopment in Port Arthur, Texas

BY Katherine Boccaccio

Houston — Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced the completion of its 90,000-sq.-ft. redevelopment located in Port Arthur, Texas.

Located at the corner of Highway 69 and F.M. 365, Baker Katz transformed the single-tenant building into a multi-tenant center, complete with significant interior and exterior property renovations, as well as added an additional 7,000-sq.-ft. building. With 100% occupancy, the Port Arthur Center is comprised of national tenants, including Hobby Lobby, Party City, PetSmart, Firehouse Subs, Cash Store, Gulfside Dental and Chipotle.

The 57,300-sq.-ft. Hobby Lobby and 14,000-sq.-ft. Party City are open and fully operating, while the remaining tenants are slated for a late 2015 opening.

“The upgrades completed effectively maximize the property’s layout to deliver a variety of retail and dining options to local residents,” said Kenneth Katz, of Baker Katz.

Baker Katz purchased the Port Arthur building from the Sutherland Lumber Company in 2012.

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Cypress Equities acquires mixed-use project in Huntington Beach

BY Katherine Boccaccio

Dallas — Cypress Equities announced the acquisition of The Strand, a 96,000-sq.-ft. mixed-use development located in Huntington Beach, California.

The transaction was secured by a fund managed by Cypress’ real estate investment management group, which has acquired more than $500 million dollars of retail properties during the past two years.

The Strand was constructed in 2008 and is made up of four buildings situated in the heart of Huntington Beach; tenants include Rip Curl Surf Shop, Skechers, ANGL, Crocs, RA Sushi, Forever 21, Johnny Rockets, CVS Pharmacy, Active Ride Shop and Bruxie Gourmet Waffle Sandwiches.

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