REAL ESTATE

West Elm to open pop-up shop

BY Staff Writer

New York City — Williams-Sonoma’s West Elm brand will open its first ever pop-up shop, in the Georgetown neighborhood of Washington, D.C., on July 14.

The 3,300-sq.-ft. store will offer a unique mix of products picked especially for Georgetown and with the small living spaces of nearby colleges and universities in mind.

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REAL ESTATE

Buxton partners with City of Benbrook to develop regional shopping center

BY Staff Writer

Benbrook, Texas — The City of Benbrook, Texas, announced Wednesday a new partnership with customer analytics firm Buxton to develop a new regional shopping center The Trails Town Center.

The public -private partnership will build a 1.5 million-sq.-ft., open-air, regional shopping and entertainment development projected to generate $375 million in annual retail sales and provide 6,250+ jobs.

“We are very excited to partner with Buxton in this new development,” says Benbrook Mayor Jerry Dittrich, “Benbrook is ideally located to provide easy-access, regional retail, restaurant, and entertainment opportunities for not only Metroplex shoppers, but for our surrounding communities to the south and west as well.”

A contract has been executed with Cassco Land Co. for the approximately 193-acre retail project.

“A development of this magnitude will serve as a gateway to west Texas, and is the only open-air regional development of this size projected for the Southwest,” said Tom Buxton.

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REAL ESTATE

Inland Western acquires Texas shopping center for $35 million

BY Staff Writer

Oak Brook, Ill. — Inland Western Retail Real Estate Trust announced Wednesday the acquisition of Sawyer Heights Village in a joint venture with RioCan Real Estate Investment Trust.

Sawyer Heights Village, a 107,626-sq.-ft. power center located just outside the central business district in Houston, was purchased for approximately $35 million.

“Texas ranks number two in the nation for having the highest economic output over the past decade, and we are pleased to expand our Texas portfolio to more than 9.6 million sq. ft. under management,” said Shane Garrison, chief investment officer of Inland Western.

Sawyer Heights Village is anchored by Staples and PetSmart and shadow-anchored by Target.

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