REAL ESTATE

  • Saks Fifth Avenue to relocate Houston Galleria flagship

    Houston -- Saks Inc. will open a new flagship store immediately adjacent to its existing location in the Houston Galleria, featuring 198,000 sq. ft. over two levels and a state-of-the-art store design. The current store will remain open until the new store opens in fall 2015. Once the old store closes, it will be converted to a two-level mall wing connecting the new Saks to Neiman Marcus and adding 35 retailers and restaurants.

  • Two new restaurants for The Avenue Peachtree City

    Atlanta — Brixx Wood Fired Pizza and Which Wich? Superior Sandwiches have leased restaurant space at The Avenue Peachtree City in Atlanta. Brixx will open Sept. 17 in what will be its third Georgia location.

    Which Wich? with more than 50 kinds of sandwiches will make The Avenue is 15th Georgia location.

     

  • CBL closes sale of three malls for $176 million

    Chattanooga, Tenn. — CBL & Associates Properties has closed on the sale of three malls and three related associated centers in a portfolio transaction for a gross sale price of $176 million in cash. The properties include Georgia Square Mall and Georgia Square Plaza in Athens, Ga.; Panama City Mall and The Shoppes at Panama City in Panama City, Fla.; and Rivergate Mall and Village at Rivergate in Nashville, Tenn.

  • NRDC signs three tenants at Pohatcong Plaza

    Purchase, N.Y. — Hobby Lobby, Marshall’s and Home Goods have leased more than 98,000 sq. ft. of space at 562,000-sq.-ft. Pohatcong Plaza power center in Phillipsburg, N.J., according to National Realty & Development Corp.

    The retailers will occupy a redeveloped building where Wal-Mart operated before expanding to a Supercenter early last year — in NRDC’s adjoining Pohatcong Plaza II.

     

  • Pret A Manger leases Capitol Hill building

    Washington, D.C. — Pret A Manger has leased a two-story retail building on Capital Hill in Washington, D.C., according to Douglas Development, the building’s owner. Located just two blocks from the U.S. Capitol Building, the restaurant will occupy 4,300-sq. ft. and offer two floors of indoor dining as well as a large outdoor patio.

    Originally from London, Pret A Manger opened its first U.S. location in 2000 near the New York Stock Exchange. Today, there are over 300 Pret A Manger locations worldwide.

     

  • Deliv and GGP make same-day-delivery plan

    Palo Alto, Calif. — A subsidiary of General Growth Properties has partnered with Deliv, a company that provides national multichannel retailers with low-cost same-day delivery through crowd-sourced drivers. The initiative aims to meet evolving consumer demands for swifter delivery.

  • Corner Bakery Café expanding in Northeast Florida, Tampa, and San Diego

    Dallas -- Corner Bakery Cafe continues to expand as it moves forward on its goal to more than double its U.S. footprint in the next three to four years. The company announced plans to expand in several areas, including Northeast Florida, Tampa, and San Diego.

    Corner Bakery Cafe said it will open as many as ten new restaurants in Northeast Florida as part of a new multi-unit restaurant franchise agreement with Lee-Wesley Group. These will be the first Corner Bakery Cafes in the Northeast Florida area.

  • DSW announces two new store openings

    Columbus, Ohio — DSW has opened two new footwear, handbag and accessories stores, one in Norman, Okla., and a second in Victor, N.Y.

    The new stores bring the total number of DSW stores to 379. Locations include 42 states, the District of Columbia and Puerto Rico.

     

  • Atrium acquires Galeria Dominikanska

    Wroclaw, Poland — Atrium European Real Estate has acquired the Galeria Dominikanska shopping center in the Polish city of Wroclaw for E151.7 million, according to Dentons Europe, which advised Atrium on the transaction.

    Atrium owns operates and develops retail real estate and shopping centers in Central and Eastern Europe.

  • NYC’s new Pier 57 complex renamed SuperPier

    New York -- Youngwoo & Associates (YWA) announced that the Pier 57 development at West 15th Street in Hudson River Park, Manhattan will now be officially known as SuperPier. Constructed in 1952, Pier 57 was an engineering marvel, built on three giant buoyant and hollow concrete boxes, or concrete caissons. Described as indestructible, it was dubbed “Super Pier” when it opened.  

    The anchor tenants for the new development include:

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