REAL ESTATE

  • Cocina Mexicana to Manassas, Va., shopping center

    Manassas, Va. — Don Lencho Cocina Mexicana has opened at Manassas Shopping Center in Manassas, Va., next to Xtreme Archery. This is the third Washington, D.C., area restaurant owned by the husband and wife team of Juarez and Karen Barroso. The couple also owns Guajillo in Arlington, Va., and Casa Oaxaca in Adams Morgan in Washington, D.C.

    The Manassas Shopping Center retail store line-up includes Peebles, Hancock Fabrics, Advance Auto Parts, Tony’s New York Pizza and the Manassas School of Dance.

  • Wow! Inks deal in Pawcatuck, Conn.

    Burlington, Mass. — New England regional fitness company, Wow! WorkOut World has subleased an 18,474-sq.-ft. space at Pawcatuck Shopping Center in Pawcatuck, Conn. KeyPoint Partners negotiated the sublease on behalf of its client Stop & Shop.

    Pawcatuck Shopping Center is a convenience-oriented center with a variety of local tenants and a Rite Aid pharmacy.

    The KeyPoint Partners leasing team handles leasing for retail properties totaling nearly six million sq. ft.

  • Foodsco opens new Oakland store March 26

    Compton, Calif. – Foodsco will open its first store in Oakland, Calif., on March 26. The new 80,000 sq.-ft. supermarket is located in East Oakland's Foothill Square Shopping Center.

  • Express opens in Times Square

    New York — Specialty apparel retailer Express has opened a three-level 28,000-sq.-ft. store in the I. Miller building New York City’s Times Square.

    “It’s Express on steroids,” said Michael Weiss, the chairman and chief executive officer of Express. “This is an elevated presentation where the homes for each category are much more defined.”

  • Five retail leases signed in Hampton Roads, Va.

    Virginia Beach, Va. — The Virginia Beach office of Divaris Real Estate has finalized leases for five retail spaces throughout Hampton Roads, Va.

     SunTrust Bank has signed a lease extension for 3,000 sq. ft. in Willow Oaks Village Square Shopping Center in Hampton, Va. Divaris handled lease negotiations on behalf of the landlord, Willow Oaks Associates.

  • CBRE sells Westover Marketplace in San Antonio

    Los Angeles — CBRE’s nation retail investment group has announced the sale of San Antonio’s Westover Marketplace Shopping Center on behalf of Coventry Real Estate Advisors. Inland American purchased the 242,664-sq.-ft. property for an undisclosed price.

    The Class A regional power center resides inside the Westover Hills master-planned development. It is 93.4% occupied.

  • Four new retailers sign into Fashion Valley

    San Diego — Simon Property Group has announced that AllSaints, Pink, lululemon athletica and Free People plan to open stores at San Diego’s Fashion Valley in coming months.

    British fashion house, AllSaints will open a 5,200-sq.-ft. space in late March. The international retailer now has 107 stores in eight countries.

  • Nordstrom delays Rack debut in Canada until 2017

    New York -- Nordstrom Inc. is delaying the opening of its Nordstrom Rack chain in Canada until 2017, in order to focus its attention on the launch of its full-line department stores there, The Globe and Mail reported.

    Nordstrom had initially planned to start opening Rack stores in Canada next year. But the company has decided to focus on  the openings of its six Canadian department stores (the first, in Calgary, is due to open this fall).

  • Walgreens opens on New Orleans Westbank

    Covington, La. — Stirling Properties has announced the opening of a full-service Walgreens in Terrytown on the Westbank of New Orleans. The new drugstore stands on the site of a former shopping center anchored by an A&P Grocery store and an Eckerd Drug store.

  • Simon launches retail innovation initiative

    Indianapolis — Simon Property Group has launched a new dedicated Simon Venture Group, a business that will invest in retail innovation, with a focus on opportunities that enhance the shopping experience.

    Mikael Thygesen, chief marketing officer of Simon Property Group said: "We believe we have only scratched the surface on applying technology to the retail environment in innovative, interesting ways."

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