REAL ESTATE

X Team partner completes two Texas leases for LA Fitness

BY Katherine Boccaccio

Dallas — X Team International partner Venture Commercial Real Estate has completed leases for two LA Fitness locations in Austin and McKinney, Texas.

"As LA Fitness continues to expand its footprint into North and Central Texas, our focus remains on identifying prime locations that will both meet the club’s needs and generate increased foot traffic," said Venture Commercial Partner John Zikos.

In Central Texas, LA Fitness signed a lease for a reverse build-to-suit on a 37,000-sq.-ft. facility that will anchor a new development on the northeast corner of West Slaughter Lane and Manchaca roads in southwest Austin.

LA Fitness also signed a lease in North Texas to build another 37,000-sq.-ft. facility in McKinney, where the club will join anchor tenant Sprouts Farmers Market in the newest phase of the Water Tower Place development, located at the southwest corner of Custer Road and Virginia Parkway.

Construction is expected to begin in the near term on both of the locations.

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REAL ESTATE

Mid-America Real Estate arranges sale of Gateway Square

BY Katherine Boccaccio

Chicago — Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Gateway Square in Hinsdale (Chicago MSA), Illinois. The 39,710-sq.-ft. center was purchased for $10 million, excluding closing costs and adjustments, by Buffalo Grove, Illinois-based C P Management, LLC.

Gateway Square is located just south of the southeast corner of Ogden Avenue and York Road in Hinsdale, one of the most affluent western suburbs of Chicago. The specialty center features tenants Calico Corners, Kumon, Fox’s on York, Egg Harbor Café, and many more.

The seller was Oak Brook, Illinois-based Inland Real Estate Corporation.

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REAL ESTATE

RKF announces broker promotions

BY Katherine Boccaccio

New York — RKF has announced a number of promotions for senior brokerage professionals in its New York City headquarters office. The promotions come closely on the heels of RKF’s expansion of its New York headquarters space at 521 Fifth Avenue in midtown Manhattan.

Jeremy Ezra has been promoted from VP to executive VP and will now serve on the firm’s Executive Committee. Ezra will continue to primarily focus on assisting retailers in their strategic expansions regionally and nationally. His current tenant representation assignments include the roll-out for Reebok’s new fitness hub retail concept, It’Sugar, Mitchell Gold + Bob Williams, Adidas, Mitchell & Ness, Kenneth Cole, Charming Charlie and Joe’s Jeans in New York and major markets nationally.

In addition to his work on behalf of tenants, Ezra has also provided retail leasing and consulting services to developers, including assignments such as Town Place at Garden State Park in Cherry Hill, NJ; Mercato in Naples, Florida; and Long Island’s The Gate at Manhasset.

Greg Covey has been promoted from managing director to VP. Since joining RKF in 2007, Covey has worked with landlord clients, including Jamestown Properties, the CIM Group, Property Group Partners, Atlantic Development Group, Hilton Worldwide, New York Presbyterian Hospital, Edward J. Minskoff Equities, the World-Wide Group and Dominion Management. In addition, Covey provides retail leasing and consulting services in New York City to national retailers such as 7-Eleven, GNC, The Children’s Place and Allen Edmonds, as well as international retailers such as French fashion house Zadig & Voltaire and Japanese eyewear company JINS. He is also working with newcomers to the New York City marketplace, including Charming Charlie, Roti Mediterranean Grill, Big Smoke Burger and The Melt.

Caleb Petersen has been promoted from managing director to VP. Petersen specializes in landlord and tenant representation in the New York metropolitan area and national urban retail markets. His retail clients include Rag & Bone, Oakley, The Frye Company, Unilever, LF USA, Marc Jacobs, Opening Ceremony and Godiva as well as J.Lindeberg, Gianvito Rossi, T2 and Furla. He has also represented owners including Jamestown Properties, Pam Am Equities, LCOR, RFR Realty and Hines.

Marc Finkel has been promoted from managing director to senior managing director. Finkel joined RKF in 2001 as an associate and specializes in retail leasing for landlords and retailers throughout the New York metropolitan area and Southern California markets. He has represented retailers such as The Coffee Bean & Tea Leaf, ROTI, Intermix, American Apparel, Guess, Lacoste, Chop’t Creative Salad Company, The Chobani Company, The Tao Group, Goorin Brothers, Badgley Mischka and Vivienne Tam. Finkel also represents landlords Related Companies, The REEC Group, David Ellis Realty and Midwood Investment and Development.

Brian Segall has been promoted from senior director to managing director. Segall joined RKF in 2007 and specializes in retail leasing and investment opportunities primarily in New York City as well as select urban markets. Segall has been instrumental in the transformation of the Bowery neighborhood where he represented the buyer and seller of properties that include 250 Bowery; 260 Bowery; 325 Bowery and 328 Bowery. He helped complete the sales of two prime New York City retail assets: the five-story mixed-used property at 154 Spring Street for $17 million and a mixed-use building at 1151 Third Avenue for $18 million to Acadia Realty Trust.

Ross Berkowitz has been promoted from director to senior director. Berkowitz began his career with RKF in 2007 as a college intern, joined the firm as a canvasser in 2009 and was promoted to associate in 2010. He represents many institutional investors, as well as families and individual investors of real estate and retail space. He has worked on behalf of SL Green Realty Corp.; Trevi Retail; Stonehenge Partners; Kushner Companies; Acadia Realty Trust; Linfield Capital and The Durst Organization. Most recently, he represented the landlords in leases for A. Lange & Söhne at 785 Madison Avenue; Pret A Manger & Fika Espresso Bar at 600 Lexington Avenue; Trinity Preschool at 100 Church Street; GNC at 650 Sixth Avenue and Organic Avenue at 254 Park Avenue South.

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