REAL ESTATE

  • SRS opens Toronto Office

    Dallas — SRS Real Estate Partners, in partnership with Cresa Toronto, has opened an office in Toronto, Canada. It is the company’s first Canadian office and second international location. Jamie Grossman, managing principal for Cresa Toronto will oversee the new office, while SRS has brought in Lindsay Ryder as first VP for SRS.

  • Grossman and Summit acquire Westport, Conn., retail building

    Quincy, Mass. — The Grossman Cos. and Summit Development LLC have joined forces to acquire a 5,728-sq.-ft. retail building in Westport, Conn., for $2.7 million.

    Located in one of Fairfield County’s most affluent towns, the building is adjacent to the Westport Metro North train station and offers easy access to an exit from Interstate 95.

    Approximately 131,000 vehicles pass the building on I-95 every day, followed by another 14,000 vehicles on Route 33. Average annual household income in Westport is $170,000.

  • Lane Bryant opens three new stores

    Suffern, N.Y. — Lane Bryant has opened new stores in Kentucky, New Jersey and Texas. The Kentucky store is located at The Shoppes at Gary Farms in Bowling Green. In New Jersey, the new Lane Bryant has opened at Willow Ridge Plaza in Marlton. The third location is in the Chimney Rock Shopping Center in Odessa, Texas.

    Lane Bryant is a wholly owned subsidiary of Ascena Retail Group.

  • Dickey’s to open three new Barbecue Pits this week

    Dallas — Dickey’s Barbecue Restaurants will open three new Dickey’s Barbecue Pits this week. On April 2, the chain will open a restaurant in Colorado Springs, Colo., and on April 3, two more restaurants will open, one in Gulfport, Miss., and another in Stockton, Calif.

  • HopCat acquires brewpub location in Midtown Detroit

    Grand Rapids, Mich. — HopCat has purchased a former restaurant building on Woodward Avenue in Midtown Detroit and plans to open its third Michigan location in August. Mid-America Real Estate – Michigan represented the seller, Midtown Detroit Inc., in the transaction. Mid-America in cooperation with M Retail Solutions represented HopCat. A mass transit stop is planned directly in front of the building.

    With 130 taps, the Midtown location will be the largest craft beer bar in the state. The bar will also offer wine, liquor and a full menu.

  • Second Johnny Rockets opens in Kuala Lumpur

    Aliso Viejo, Calif. —  AUM Hospitality has opened the second Johnny Rockets restaurant in Malaysia at Avenue K in Kuala Lumpur, a 360,000-sq.-ft. retail hub. The new Johnny Rockets is the 11th restaurant in the chain to open in Southeast Asia.

    In addition to the two Malaysia, the chain operates six outlets in the Philippines and three in Indonesia.

  • Vallarta Supermarkets opens new Oxnard, Calif., store

    Pacoima, Calif. — A new Vallarta Supermarket will open in Oxnard, Calif., on April 2. It will be Oxnard’s second Vallarta. The 64,000-sq.-ft. location will house a bakery, full-service meat counter, fresh produce, and a hot food deli with in-store dining.

    Founded in 1985, Vallarta Supermarkets is an independent chain with 43 locations throughout California.

  • New Sears Outlet, Home Appliance and Mattress Showroom stores open

    Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. opens a new store in Webster, Texas, on March 28. Each Sears Outlet Store, on average, offers shoppers more than 18,000-sq.-ft. of retail space.

  • Ballpark Village in St. Louis opens first phase

    St. Louis — The Cordish Cos. and the St. Louis Cardinals celebrated the grand opening of the $100 million first phase of Ballpark Village on March 27.

    The construction of Ballpark Village represents the next step in the Cardinals’ vision for downtown St. Louis that began with the opening of the $411 million privately financed Busch Stadium in April 2006.

  • Fridley Market renovation will finish in September

    Westmont, Ill. — Tri-Land Properties has announced that it expects to complete a $21 million renovation of its 20-acre Fridley Market community center by September. Fridley Market is located at the intersection of I-694 and University Avenue, the main north/south spine through Minneapolis-St. Paul.

    The renovation of the 165,000-sq.-ft. center includes building, infrastructure, lighting and pavement improvements as well as new construction.

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