REAL ESTATE

  • Jo-Ann Fabric and Crafts to open at Conyers Plaza

    Conyers, Ga. -- Brixmor Property Group announced a 24,920-sq.-ft. lease was executed with Jo-Ann Fabric and Crafts at Conyers Plaza, located in Conyers, Ga.

    Brixmor, based in New York City, is the owner of Conyers Plaza.

     

  • Agree Realty acquires Applebee’s restaurant portfolio

    Farmington Hills, Mich. -- Agree Realty Corp. said Thursday it acquired a portfolio of four Applebee's restaurants, as well as an Advance Auto Parts in late December 2012 for about $10 million.

    These latest acquisitions bring Agree’s 2012 total purchase activity to approximately $81.5 million.

    The recently acquired Applebee's assets are located in Harlingen, Texas, and Wichita Falls, Texas, as well as two properties in Pensacola, Fla. The Advance Auto Parts is located on an outlot to a Walmart Supercenter in Lebanon, Va.

  • Real estate continues recovery in Q4

    Los Angeles -- CBRE Group reported Thursday that, despite sluggish economic growth, the U.S. commercial real estate market remained on a recovery path in fourth quarter 2012.

    The retail availability rate declined slightly to 12.8%, down 10 bps compared with the previous quarter.

    “The broken record of slow but positive progress toward a real estate recovery continues to repeat,” said Jon Southard, managing director of CBRE’s Econometric Advisors Group.

  • Duane Morris names co-chairs of Real Estate Practice Group

    Philadelphia and New York -- Law firm Duane Morris announced that it has named partners Chester Lee in New York and George Kroculick in Philadelphia as co-chairs of its firmwide Real Estate Practice Group.

    Lee and Kroculick succeed partner Marc Brookman in heading the practice.

    Lee and Kroculick will take over a national practice involving more than 90 lawyers with broad experience in real estate and development matters.

  • Report: 2012 sees improved leasing for retail real estate

    North Plainfield, N.J. -- A Thursday report by Levin Management Corp. found that leasing activity in New Jersey, New York and Pennsylvania improved in 2012.

  • Destination Maternity opens first Canada location

    Philadelphia -- Destination Maternity Corp. said it is opening its first Destination Maternity store in Canada on Thursday in Calgary, Alberta, at the Kingsland Village retail development.

    The store will debut its A Pea in the Pod brand in Canada.

  • Cohen brokers sale of Hartford shopping center to Inland

    Newington, Conn. -- Cohen Real Estate said Thursday that it has brokered the sale of Newington Fair Shopping Center for $17.5 million to Inland Diversified Real Estate.

    The property is a 100 % occupied, 187,000-sq.-ft. power center located in the community of Newington, and is anchored by a 135,000-sq.-ft. Sam’s Wholesale Club and a 52,000-sq.-ft. L.A. Fitness.

    The seller is a Houston-based developer, owner and manager of single and multi-tenant retail properties.

     

  • Construction starts on Woodhaven Plaza in Old Bridge, N.J.

    Old Bridge, N.J. -- Construction and leasing are now under way on Woodhaven Plaza, a new neighborhood shopping center in Old Bridge, N.J.

  • Uniqlo to open at New York’s Palisades Center and Westchester’s Ridge Hill

    New York -- Uniqlo, a division of Japan’s Fast Retailing Co., will continue its U.S. expansion strategy by opening two new mall locations, at Palisades Center in West Nyack, N.Y., and Westchester’s Ridge Hill in Yonkers, N.Y. Both stores are slated to open in spring 2013.

    At 24,000 total sq. ft., the Uniqlo store in Palisades Center will open in early March. (Palisades Center is the eighth largest mall in the nation.)

  • Cellairis opens first in-line store location

    Atlanta -- Wireless accessory retailer Cellairis said Tuesday it has opened its first in-line store at North Point Mall in Alpharetta, Ga.

    Operating over 700 kiosks in malls across the country, the company is launching this new model in order to provide consumers with a more robust retail experience, it said.

    The opening is the first in a company-wide initiative to implement a new store design, which features multimedia displays.

     

Related Topics

X
This ad will auto-close in 10 seconds