REAL ESTATE

West Elm to open in Pittsburgh

BY Marianne Wilson

Brooklyn, N.Y. — Home furnishings retailer West Elm will open a store in Pittsburgh, on Sept. 4.

Located in Bakery Square, the new store will feature a curated selection of products made in Pennsylvania, part of West Elm’s Local initiative. The initiative, launched this year, taps into local entrepreneurship by empowering the teams in West Elm stores to find area makers and designers, building and nurturing a creative network that celebrates craftspeople and differentiates the brand with regional assortments.

“We have an exciting opportunity to shine a spotlight on makers and artists in the communities where our stores are located," said West Elm president Jim Brett. “We’re opening ten stores in the United States this year and each one of them will have a local assortment that’s specific to their region.”

The West Elm Bakery Square store is designed to reflect the environment, culture and heritage of the area. The lofted ceiling is made out of reclaimed whitewashed pine. The back cash wrap has a collage of factory window frames with the glass removed. The result is a geometric play of mixed materials consisting of unfinished wood, painted wood, and metal. The front wrap is an installation of varied wooden materials pieced together with a finish resulting in a range of grays.

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REAL ESTATE

Pine Tree acquires Poplar-Prairie Stone Crossing

BY Katherine Boccaccio

Chicago — Pine Tree Commercial Realty has acquired Poplar-Prairie Stone Crossing, a class-A power shopping center located in the Northwest Chicago suburb of Hoffman Estates, Illinois. The recent acquisition is Pine Tree’s 70th and brings the company’s current portfolio to 3.4 million sq. ft. in 19 separate properties.

The 312,000-sq.-ft. shopping center is shadow-anchored by Target and features TJ Maxx, Michaels, Ross Dress for Less, PetSmart, Lane Bryant, and Sports Authority.

Pine Tree has also sold Onalaska Marketplace in Onalaska, Wisconsin. Brokered by Mid-America Real Estate Corporation, the 25,962-sq.-ft. community shopping center, fully leased since its development by Pine Tree in 2002, was purchased by a private investor. Onalaska Marketplace is shadow-anchored by Wal-Mart Supercenter, Home Depot, Toys “R” Us, and features Dollar Tree, Great Clips, and Cold Stone Creamery.

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REAL ESTATE

Divaris completes four leases in Richmond, Virginia

BY Katherine Boccaccio

Richmond, Va. — Divaris Real Estate, Inc. announced the signing of four leases, totaling 14,362 sq. ft. of office, industrial and retail space in metropolitan Richmond, Virginia.

The Hohman Group signed a lease for 6,307 sq. ft. of industrial space located at 3409 Leigh Street. The Hohman Group is an industrial design firm, which designs and prototypes products and furniture. In addition, their company, Action Figures, builds sets and decorates locations for motion pictures.

Dominion Radio Supply leased 3,810 sq. ft. of retail space in Huguenot Trade Center, located at Alverser Drive. Dominion Radio Supply opened in 1974 and this will be its fifth location, joining Peabody’s Piano, Just Drums, Huntington Learning Center and Eco-Elements Day Spa in the shopping center.

Old Dominion Pediatrics signed a lease for 2,645 sq. ft. of office space at the Divaris–leased and -managed Archway Sixty Office Park, located at 9327 Midlothian Turnpike.

MetroPCS leased 1,600 sq. ft. of retail space at the Divaris-leased and –managed Midlothian Crossing, located at 8527 Midlothian Turnpike.

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