REAL ESTATE

  • Macerich and HGTV prep holiday marketing effort

    Santa Monica, Calif. — Macerich is collaborating with HGTV, a home and lifestyle cable network, to create Santa HQ, an interactive holiday experience, at 10 Macerich malls. The initiative aims to add digital and social media to the traditional holiday experience of visiting Santa.

  • Three retailers to centers in NW Chicago’s suburbs

    Oakbrook Terrace, Ill. — Mid-America Asset Management Inc. has announced that the firm recently secured new retail leases on behalf of three shopping centers in Chicago’s northwest suburbs.

    Fruitful Yield has taken 6,630 sq. ft. in North Tower Plaza in Elmwood Park, Illinois. The 26,088-sq.-ft. center features Super Cuts, Great American Bagel and Subway. Mid-America represented the landlord, while JLL represented the tenant.

  • Visit Peru at the mall in Short Hills, N.J.

    Short Hills, N.J. — Visit Machu Picchu in Peru at The Mall at Short Hills this summer. In partnership with PromPeru: The Commission on the Promotion of Peru for Export and Tourism, The Mall at Short Hills will feature Peru-themed promotions from June 13 through July 10.

    Highlights include:

    An interactive exhibit of Machu Picchu: The centerpiece of the effort is a 20 X 30 ft. exhibit of the fabled Machu Picchu, the Incan citadel named one of the New Seven Wonders of the World in a 2007 international Internet poll.

  • M-A-C Cosmetics leases Manhattan location

    New York — M-A-C Cosmetics has signed a long-term lease at 853 Broadway in Manhattan’s Union Square, according to The Feil Organization, the building’s owner and manager. RKF represented M-A-C in the lease negotiations. The retailer plans to open in time for the 2014 holiday shopping season.

    M-A-C will occupy a space on the ground floor and project a two-level storefront plus 14 ft. of frontage along 14th Street, giving it excellent visibility.

  • 99¢ Only Stores signs 615,000-sq.-ft. industrial lease

    Commerce, Calif. — 99¢ Only Stores has signed a lease for the entire 615,000-sq.-ft. Garfield Corporate Center in Commerce, California, in Los Angeles County. It is the largest industrial infill lease ever signed in Los Angeles County. In addition, the building ranks as the largest freestanding building to be constructed in Greater Los Angeles in the past 10 years.

    JLL represented the landlord, KTR Capital Partners, the property’s developer and landlord, in the transaction.

  • DreamWorks to launch high-tech Santa experience in shopping malls

    New York -- DreamWorks Animation is looking to bring a little bit of Hollywood magic to the nation's shopping malls. The film studio has developed a high-tech Santa Claus  experience, billed as "DreamHouse," that it hopes to roll out to malls for the holidays, with two developers, Forest City and General Growth Properties already buying in, the New York Times reported.
        

  • Under Armour to open its biggest store to date, in Chicago

    Under Armour has confirmed that it plans to open in March 2015 its latest Brand House at 600 North Michigan Avenue in Chicago’s Magnificent Mile.

    The location will feature nearly 30,000 sq. ft. of interactive retail space, and echo the retail concepts that the brand has successfully executed not only in New York, but also in its hometown in Baltimore, Maryland, and Tysons Corner in McLean, Virginia.

  • DSW to debut Yellow Box store concept in Miami

    New York -- DSW Inc.'s Affiliated Business Group and Yellow Box Corporation will open the first-ever Yellow Box store on June 20, at The Falls Shopping Center in Miami. The store opens on June 20.

  • Divaris announces leases for Richmond shopping centers

    Richmond, Va. — Divaris Real Estate has leased shopping center space in Richmond to two retailers and a restaurant: Family Dollar, Wilson Lee Interiors and Hanako.

    Family Dollar renewed its lease for 7,150 sq. ft. in the Divaris-leased and –managed Midlothian Crossing. Divaris represented the landlord, Midlothian Associates, in the transaction.

  • 7-Eleven to make Middle East debut, in Dubai

    Dallas -- 7-Eleven has signed a master franchise Agreement with Seven Emirates Investment LLC to develop and operate 7-Eleven stores in the United Arab Emirates (UAE). The expansion marks the company's first entry into the Middle East region.
       

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