REAL ESTATE

Woolbright acquires Village Commons

BY CSA STAFF

West Palm Beach, Fla. — Boca Raton, Fla.-based Woolbright Development announced that it has acquired Village Commons shopping center, located in West Palm Beach, Fla.

Woolbright will oversee the center’s leasing, property management, construction management, marketing and promotions.

The 169,000-sq.-ft. open-air center is anchored by Publix and CVS. Additional retailers and restaurants in the center include Starbucks, Panera Bread, Coldstone Creamery, PNC Bank, and Duffy’s Sports Bar and Grill. Village Commons features a Mediterranean-inspired design with lush landscaping, decorative tile accents and a prominent courtyard area.

“Our immediate goals are to fill the vacancies and invest in the overall appearance and atmosphere at the center,” said Jorge Morell, VP Woolbright. “In addition to making the center more attractive, we will roll out our marketing programs to assist the tenants in growing their businesses.”

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REAL ESTATE

Shoe City opens at Puente Hills Town Center

BY CSA STAFF

Rowland Heights, Calif. — Shoe City has opened a 7,680-sq.-ft. store at Puente Hills Town Center, located in Rowland Heights, Calif.

The shopping center is owned by Centro Properties Group, based in New York City.

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REAL ESTATE

Desigual to open flagship store on the 3rd Street Promenade

BY CSA STAFF

Santa Monica, Calif. — Privately held European women’s apparel retailer, Desigual, said it has leased nearly 6,400 sq. ft. on the 3rd Street Promenade in Santa Monica from landlord Promenade Gateway, an affiliate of Maxxam Enterprises.

The store will serve as Desigual’s flagship West Coast location. The retailer currently has more than 170 retail locations and approximately 450 shop-in-shops in major department stores across Europe and Asia.

Desigual said it plans to move into its ground floor space at Promenade Gateway as soon as tenant improvements are completed in the next few months.

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