REAL ESTATE

  • Pacific Castle acquires four retail properties for $40 million

    Sacramento, California — West Coast shopping center owner/operator Pacific Castle has acquired four Sacramento-area properties for approximately $40 million, signaling an ongoing trend to add to the company’s diversified portfolio.

  • Shipping containers recycled as retail spaces at new Assembly Row center, in Boston area

    New York -- Boxman Studios, a leader in shipping container modification, have created a one-of-a-kind dining and retail venue from shipping containers to anchor Assembly Row, a new mixed-use development in Somerville, Massachusetts, which is just outside of Boston.   

    Four modified 20-ft. shipping containers make up SombBlox, an homage to Somerville’s historically industrial past. The four containers create three distinct spaces that are all ADA accessible and include electrical and lighting.

  • Italian Restaurant, green initiative join Bayshore Plaza

    Barnegat, N.J. — Two long-term lease agreements totaling 6,600 sq. ft. bring retail occupancy to 100% at Bayshore Plaza in Barnegat, New Jersey, according to the 59,000-sq.-ft. property’s leasing and managing firm Levin Management. 

    The new tenants include casual Italian restaurant Luigi’s Ristorante and Brick Oven Pizza (2,400 sq. ft.) and non-profit green initiative Greensleeves Boutique (4,200 sq. ft.).

  • The Opus Group to build three Gander Mountain stores

    Minneapolis — The Opus Group announced plans to build three 52,000-sq.-ft. retail buildings for St. Paul, Minnesota-based Gander Mountain. The new retail stores will be located in Augusta, Georgia; Newnan, Georgia and Algonquin, Illinois.

  • The Outlet Mall of Georgia at Augusta to break ground in December

    Augusta, Georgia — Ben Carter Enterprises will break ground in December on the Outlet Mall of Georgia at Augusta, an 800,000-sq.-ft. fashion outlet mall slated to open in spring 2016.

    Ben Carter’s announcement comes on the heels of a key land agreement reached with the owners of the Georgia Theatre Co., who agreed to reposition their theatre to accommodate the mall.

  • Sbarro enters Bolivia market

    Columbus, Ohio - Sbarro is entering into Bolivia with a new store opening at the Ventura Mall in Santa Cruz. Sbarro Bolivia SRL plans to open a total of 10 eateries in Bolivia during the next decade.

    The franchise agreement with Sbarro Bolivia SRL further expands Sbarro's footprint in South America, which currently includes eateries in Brazil and Colombia, as well as locations launching soon in Peru.

     

  • East Peoria McDonald’s coming September 2014

    East Peoria, Illinois — McDonald’s Restaurants of Peoria/Bloomington will join the East Peoria Levee District with the opening of a new restaurant in September.

     Local owner-operator Scott Bandy will be overseeing the construction of the restaurant, with plans to include a modern exterior and dual drive-thru lanes. Interior features include a dual-point ordering system with new split counter function, free Wi-Fi, and digital menu boards.

  • Plaza Hermosa adds state-of-the-art medical facility as part of improvements

    Hermosa Beach, California — Regency Centers announced that Torrance Memorial and Hermosa Beach Fish Shop will open at Plaza Hermosa. Torrance Memorial’s new facility is slated to open this fall and will specialize in primary care and pediatrics. 

  • Hilltown Crossings to undergo major redevelopment, Burlington to open

    Plymouth Meeting, Pennsylvania — Wolfson Group will launch a redevelopment of Hilltown Crossings, a community shopping center with a gross leasable area of 354,458 sq. ft., located on Route 309 at Orvilla Road in Hatfield, Pennsylvania.

  • Glimcher names VP of development

    Columbus, Ohio — Glimcher Realty Trust has appointed Kenneth Marshall to the role of VP, Development. In this position, Marshall will support the company’s development strategy, contributing to the leadership and implementation of redevelopment projects throughout the portfolio.

    Prior to joining Glimcher, Marshall served as executive VP of the Commercial Division of Colonial Properties Trust (now MAA). In addition, he has served as VP and Regional Development Director for The Westfield Corp.

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