REAL ESTATE

WindStar takes Papa Murphy’s to Lamar Crossing

BY Michael Fickes

Arlington, Texas — Papa Murphy’s has leased a 1,340-sq.-ft. space at Lamar Crossing Shopping Center in Arlington, Texas, according to WindStar Properties.

The Take ‘N’ Bake pizza shop, which prepares fresh pizzas for customers to bake at home, has 1,350 shops in 38 states and ranks as the fifth largest pizza company in the United States.

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REAL ESTATE

$6 million redevelopment brings Whole Foods to Greenway Town Center

BY Michael Fickes

Portland, Ore.Regency Centers Corp. has announced a $6 million redevelopment of Greenway Town Center, a 93,000-sq.-ft. neighborhood center in Tigard, Ore., a suburb of Portland. Among the center’s enhancements, Whole Foods Market will open a 37,500-sq.-ft. anchor store in 2014.

The redevelopment will include a new exterior façade with cedar wood accents, upgraded architectural components, parking lot improvements and new site lighting, landscaping and signage.

In addition, Regency’s greengenuity program to reduce the environmental impact of developing and operating shopping centers will incorporate a number of sustainable elements at the center: energy-efficient lighting, an upgraded storm water retention system and water-efficient landscaping.

Existing stores will remain open during the redevelopment, slated to begin in August.

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CBRE brokers sale of Bryan Towne Center

BY Michael Fickes

Dallas — CBRE’s National Retail Investment Group arranged the sale of Bryan Towne Center to Lamar Cos. for an undisclosed amount. The 52,268-sq.-ft. retail center serves the Bryan-College Station metropolitan area in Texas.

Shadow-anchored by an adjacent Target store, the five-year-old center includes six acres of undeveloped land that can accommodate an additional 230,225-sq.-ft. of retail space, said CBRE.

The center is 66% occupied. Key tenants include Dollar Tree, Rack Room Shoes, Maurice’s and rue21.

Less than three miles from Texas A&M University, Bryan Towne Center fronts on Highway 6, which carries 90,000 vehicles past the center each day.

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