REAL ESTATE

  • Cypress Equities acquires Minnesota retail center

    Dallas — Cypress Equities has acquired Eden Prairie Center in Eden Prairie, Minn., an upscale suburb of Minneapolis. The transaction was carried out by a fund managed by Cypress’ real estate investment management group. Eden Prairie Center is a 1.1-million-sq.-ft., two-level, enclosed shopping center. The mall features more than 100 shops and restaurants. Annual shopper visits exceed 12 million.

  • Mid-America brokers sale of Asbury Plaza in Dubuque, Iowa

    Dubuque, Iowa — Mid-America Real Estate Corp.’s Investment Sales team recently brokered the sale of a large portion of the 136,398-sq.-ft. Asbury Plaza in Dubuque, Iowa. The Cafaro organization made the acquisition for $12 million.

    The community shopping center is about two miles from Cafaro’s 700,000-sq.-ft. Kennedy Mall.

    The community shopping center features national anchor retailers including Michaels, Bed Bath & Beyond and Petco. Shadow anchors include Hy-Vee Grocery Store, Kohl’s and AMC Theater.

  • Dunkin’ Donuts in college store expansion push

    Canton, Mass. – Dunkin’ Donuts is increasing its focus on opening stores in college campuses and other non-traditional locations. The list of universities that have recently opened new Dunkin' Donuts restaurants in 2013 or plan to open new locations by January 2014 includes Westfield University (second location), Norwich University, Merrimack College, University of Rhode Island (opening two locations), University of Alabama Huntsville, Brandeis University, and Wayne State University.

  • Dick’s Sporting Goods opens new Missouri store Nov. 1

    Pittsburgh – Dick’s Sporting Goods is opening a new store in Osage Beach, Mo., on Nov. 1. The Osage beach location will be the retailer's 12th store in the state of Missouri and its 551st nationwide.

    “We look forward to opening our new Dick's Sporting Goods in Osage Beach, becoming part of the community and serving athletes of all ages by providing them the equipment they need to excel," said Lauren Hobart, senior VP & chief marketing officer, Dick’s Sporting Goods.

     

  • Sports Authority makes Puerto Rico debut with new format

    Englewood, Col. -- Sports Authority has debuted a new format at its first-ever store in Puerto Rico. The store, in Ponce, opened on Oct.19.

    The 35,000-sq.-ft. location features an “intuitive” that makes it easier than ever for customers to find exactly what they need, the retailer said. With specialty sport shops and a spacious new layout, the store was designed specifically to enhance the shopping experience.

  • Dick’s Sporting Goods opens new Texas store

    Pittsburgh – Dick’s Sporting Goods opens a new store in Corpus Christi, Texas, on Nov. 1. The Corpus Christi location will be the retailer's 21st store in the state of Texas and its 549th nationwide.

    "We look forward to opening our new Dick’s Sporting Goods in Corpus Christi, becoming part of the community and serving athletes of all ages by providing them the equipment they need to excel." said Lauren Hobart, senior VP and chief marketing officer, Dick’s Sporting Goods.

  • Quiznos to expand in UAE

    Denver – Quiznos is preparing to expand in the United Arab Emirates (UAE) with the recent signature of Royal Bun Cafe as its newest franchisee. Quiznos and Royal Bun Cafe worked together to establish the blueprint for the venture that will bring more than 70 restaurants to the UAE during the next eight years.

    Abu Dhabi, Dubai, and Sharjah will be the first UAE expansion locales, with stores expected to be complete by early 2014. Quiznos recently expanded into Mexico and Russia.

  • Stuart Weitzman launching online pop-up shop on Gilt

    New York -- Upscale footwear brand Stuart Weitzman is partnering with the online shopping destination, Gilt, to launch a digital pop-up shop, created exclusively by Gilt.

    The online pop-up will celebrate the twentieth anniversary of Stuart Weitzman’s iconic, over-the-knee 5050 boot and feature a 20-piece Anniversary Collection, which includes ten limited-edition styles.

  • Consolo and Aquino Bring Intimacy to Flatiron

    New York — INTIMACY (bra fit stylists) has opened a lingerie shop at 104 Fifth Avenue in the New York City’s Flatiron retail district. Faith Hope Consolo Chairman, and Joseph A. Aquino, executive VP of Douglas Elliman’s Retail Group, represented the landlord in the transaction. Stacey Robins Realty represented INTIMACY.

    Other national and international brands with stores in the area include Aldo, Anthropologie, Banana Republic, Coach, J.Crew, Kenneth Cole and 7 for all mankind.

     

  • JLL: Metro Seattle job market drives mixed-use sale

    Seattle — Jones Lang LaSalle’s Capital Markets group has announced the sale of Slater 116, a mixed-use property in Kirkland, a Seattle suburb. The property features 108 apartments and more than 10,000 sq. ft. of ground floor retail space. Essex Property Trust bought the recently completed property from Mainstreet Property Group for $29.6 million.

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