REAL ESTATE

  • Inland Real Estate Income Trust acquires Dogwood Festival Shopping Center

    Flowood, Miss. — Inland Real Estate Income Trust, Inc. has purchased the 187,610-square-foot Dogwood Festival Shopping Center located in Flowood, Mississippi, approximately 10 miles northeast of Jackson, Mississippi.

    Constructed in 2002, the center is 97.8% leased to 36 tenants, including T.J. Maxx, HomeGoods, Old Navy, Gap, Men’s Wearhouse, Hibbett Sports and several other national tenants. The property is shadow-anchored by Belk, an upscale department store, which was not acquired.

  • RKF announces two promotions in Northern New Jersey office

    Rutherford, N.J. -- RKF announced that two brokerage professionals have been promoted in its New Jersey office. Glenn Beyer has been promoted from managing director to senior managing director, while Conor O’Hara was promoted from canvasser to associate.

  • Nordstrom Rack to open in St. Louis Park, Minnesota

    Seattle -- Nordstrom announced today plans to open a Nordstrom Rack at The Shops at Knollwood in St. Louis Park, Minnesota. The approximately 33,000-sq.-ft. store is scheduled to open in spring 2015. The property is owned and managed by Rouse Properties Inc.
     
    Recently rebranded The Shops at Knollwood, Rouse Properties launched an extensive redevelopment project in an effort to modernize and improve the shopping environment.

  • Soma now open at Promenade Shops at Centerra

    Loveland, Colo. -- Soma opened a new store on July 12 at The Promenade Shops at Centerra, in Loveland, Colorado.

    Soma, a division of Chico’s FAS, currently operates 264 boutiques nationwide, as well as its online presence at soma.com.

     

  • Fred Segal to debut ‘lifestyle center’ in Tokyo

    New York -- Fred Segal will unveil its first “international lifestyle center” concept in spring 2015, in Tokyo. The format will feature a collection of stores in three buildings in a converted railway site at 13 Daikanyama-cho Shibuya-ku, Tokyo. It will be Fred Segal’s first location outside the United States.

  • DDR opens center in New Hampshire Aug. 12

    Beachwood, Ohio - DDR Corp. will hold the grand opening of Seabrook Commons, the company’s most recent ground-up development project located in Seabrook, New Hampshire, on Aug. 12. This 380,000-sq.-ft. prime power center is 96% leased, anchored by Wal-Mart, Dick's Sporting Goods, PetSmart, Michaels, Ulta, Famous Footwear and Five Below, and features a complementary restaurant lineup that includes Panera, Outback Steakhouse and Noodles & Company.

  • Capri Capital Partners launches Capri Retail Advisors

    Chicago — Capri Capital Partners has formed Capri Retail Advisors, an affiliate that will focus on retail opportunities in underserved and evolving retail trade areas in strategically selected major U.S. metropolitan markets.

    Ross Glickman, former chairman and CEO of Urban Retail Properties, has been named president and CEO of the new affiliate. Ken Lombard, former president of the Starbucks in-store entertainment division and also former president of Magic Johnson’s urban retail real estate development company, is chairman and chief investment officer.

  • Schostak Brothers acquires 23-center portfolio

    Livonia, Michigan — Schostak Brothers & Company, Inc. announced the acquisition of 23 shopping centers from Coldwater Liquidating Trust. The purchase is part of a bankruptcy liquidation in which Schostak Brothers purchased the majority of the remaining Coldwater Liquidating Trust portfolio, totaling 405,000 sq. ft.

    The 23 shopping centers span 19 states, and is the third acquisition of Super Walmart shopping centers in less than a year.

  • Noodles & Co. to open at Levee District

    East Peoria, Ill. -- Cullinan Properties said that Noodles & Company will be opening a new restaurant in November at the Levee District in East Peoria, Illinois.

  • Simon breaks ground on Chicago Premium Outlets expansion

    Aurora, Ill. — Simon has launched construction of its expansion of Chicago Premium Outlets, adding 50 new stores, including Saks Fifth Avenue Off 5th, and including a comprehensive renovation of the Chicagoland center.

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