Westwood Financial acquires McCrimmon Corners
Los Angeles — Westwood Financial Corp. said Monday it has purchased McCrimmon Corners shopping center, located in Morrisville, N.C.
The 86,267-sq.-ft. grocery-anchored center, sold to Westwood by Crosland, currently is 99% leased. Anchor tenant Harris Teeter is joined by Tossed Salads, Taekwondo Academy, Nikos Taverna, Saffron Indian Food Restaurant, Two Guys Grille, Subway, AT&T, Great Clips, State Farm and Red Dragon.
Two new leases signed at Ashburn Farm Market Center
Ashburn, Va. — Jacksonville, Fla.-based Regency Centers said Mathnasium and Zinga Frozen Yogurt have leased space at Ashburn Farm Market Center, located in Ashburn, Va.
Mathnasium has leased 1,529 sq. ft. and Zinga has leased 2,264 sq. ft. Both businesses are slated to open in September, bringing the center to 100% leased.
The 91,900-sq.-ft. shopping center is anchored by a 49,000-sq.-ft. Giant, alongside national retailers, such as Starbucks, Subway, Domino’s Pizza and Supercuts.
Lakeshore Mall to undergo renovation
Addison, Texas — Coyote Management, L.P. and Garrison Investment Group announced that Lakeshore Mall, in Gainesville, Ga., is undergoing a renovation that includes extensive landscaping upgrades, new branding campaign, banners, directional signage, reopened customer service, gift card program and children’s strollers.
This week, said the companies, the property will begin construction on a new 11’ x 26’ monument sign and over $25,000 in landscaping. The project is scheduled to be complete by the end of July.
Lakeshore Mall will also begin construction this fall on new exterior wayfinding signage, including new pylon signs, double-sided monument signs and directional signs. The new signage located throughout the property will replace existing dated signs and will also include adding new signs where the mall currently does not have them. The total signage and landscape project will be an investment of over $150,000 for the owners.
“Adding these key amenities and upgrades is crucial to building awareness and driving traffic to the shopping center,” said Kymberley Scalia, corporate director of marketing for Coyote Management, L.P.