Woodmont to expand Streetsboro Commons
Dallas-Fort Worth, Texas — The Woodmont Company plans to break ground in February on a new building at its Streetsboro Commons development in Streetsboro, Ohio. The new building, located on a pad, is already about 80% pre-leased to three national tenants: Starbucks, Jimmy John’s and Midwest Mobility Services/AT&T dealer.
Specializing in the development, management, leasing and sale of retail properties, Woodmont represented the landlord in all three transactions. Goodman Real Estate Services represented Starbucks. Passov Real Estate Group represented Jimmy John’s, and CBRE represented Midwest Mobility.
Current tenants at the 230,476-sq.-ft. property include a Wal-Mart Supercenter, Sonic, Chipotle, GameStop, Best Cuts and Verizon Wireless.
Woodmont expects to complete the new building by August of this year. Additional pad sites remain available for future development.
Plan to redo Portland’s Lloyd Center is unveiled
Portland, Ore. — Cypress Equities, the management company for Lloyd Center, has shared its initial plans for updating the historic shopping center in the Lloyd District adjacent to downtown Portland.
The proposal, which has been submitted to city officials, calls for two entirely new pedestrian entryways designed to provide greater access to the shopping center and to build synergy with the stir of activity along Multnomah Street.
One of the proposed new entrances will stand between the southwest parking garage and Macy’s department store. The other will fit between Sears and Marshalls on the east side of the mall.
The Lloyd Center is an enclosed three-level 1.2 million-sq.-ft. regional shopping center located close to downtown Portland and the Oregon Convention Center, Moda Center and Memorial Coliseum.
Greco to market Summit Plaza in Hackensack, N.J.
Hackensack, N.J. — Alfred Sanzari Enterprises has appointed The Greco Realty Group exclusive leasing agent for Summit Plaza in Hackensack, N.J.
A recently expanded 62,000-sq.-ft. Super Stop & Shop anchors the 100,000-sq.-ft. Summit Plaza. Service and retail tenants include Harmon Cosmetics, GNC, Payless ShoeSource, RadioShack, Dress Barn, the UPS Store, GameStop and Blimpie plus the typical neighborhood services such as a nail salon, dry cleaner and a pizzeria.
Summit serves a growing residential population of more than 100,000 within a two-mile radius and a daytime population of more than 66,000. The trade area offers an annual median household income of $80,000.
Greco Realty is currently marketing space from 1,540 sq. ft. to 4,181 sq. ft.