REAL ESTATE

  • Whole Foods to open at Towers Plaza

    Melrose, Mass. -- Charter Realty & Development Corp. announced that shortly after acquiring Towers Plaza in Melrose, Mass., it has signed a 20-year lease for 29,980 sq. ft. to Whole Foods Market.

    Whole Foods will move into a space currently occupied by Johnny’s Foodmaster. The space will undergo a major renovation that will coincide with Charter’s renovation of the balance of the center.

     

  • Trademark JV acquires Watters Creek

    Fort Worth, Texas -- Trademark Property Group announced that together with Coventry Real Estate Advisors, Southern Land Co. and PCCP, it has recapitalized the Watters Creek at Montgomery Farm mixed-use project near Dallas in a joint-venture arrangement.
     
    The Joint Venture acquired the note on the property from a multi-bank syndicate led by PNC Bank. PCCP provided the capital for the transaction from its opportunistic fund, PCCP Equity VI, L.P.

  • Sherwin-Williams opens 3,500th retail store

    Cleveland -- Sherwin-Williams Paint Stores Group announced Wednesday it has opened its 3,500th retail location in total and its 70th in 2012.

    The newest store is 4,000 sq. ft. and located in Rancho Santa Margarita (Orange County), Calif.

     

  • Tesco set to sell or close all Fresh & Easy stores

    London -- Tesco CEO Philip Clarke announced Wednesday that the British supermarket retailer will likely sell or close its entire U.S. presence, which means that 199 Fresh & Easy stores could be shuttered or sold off.

    According to multiple reports, Tesco is close to making the decision after five unprofitable years in the U.S. The retailer launched the concept in 2007, confident there was a niche for a grocery store with fresh food offerings formatted in a unique footprint that was smaller than a typical supermarket but larger than a c-store.

  • David’s Bridal to open new store at Great Northeast Plaza

    Philadelphia -- Metro Commercial Real Estate said that David’s Bridal will open an 8,164-sq.-ft. store at Great Northeast Plaza, located in the northeastern part of Philadelphia.

    The new store is slated to open by spring 2013.

  • Retail vet joins DJM Realty

    Boston -- DJM Realty announced that Josh Podell has joined the company as a specialty retail and outlet consultant.

    Podell, who will continue to operate his own real estate consultancy Podell Real Estate Advisors, counts among his retail experience a lengthy stint as VP real estate for Jones Retail Corp., a division of Jones Apparel Group.

     

  • A&P teams with Esri for real estate solution

    Redlands, Calif. -- Esri announced Wednesday that the Great Atlantic and Pacific Tea Co. has licensed Esri GIS technology and data to provide localized shopping trends data toward supporting the grocer’s commitment to growing its market presence across the Northeast.

  • Brixmor announces unveiling of Naples Plaza redevelopment

    Naples, Fla. -- New York City-based Brixmor Property Group has announced the Dec. 6 grand re-opening of its redevelopment of Naples Plaza, one of the oldest shopping centers in Naples, Fla.

  • CBRE names president and CEO

    Los Angeles -- CBRE Group announced that Robert E. Sulentic assumed the position of president and CEO, effective Dec. 1.
       
    Sulentic succeeds Brett White, who, as previously announced, retired on Nov. 30.

    Sulentic, most recently the company’s president, also joined CBRE’s board of directors, which has expanded to 11 members. White also remains a member of the board.
     

  • Wingstop to open 50 Russia locations

    Richardson, Texas -- Chain restaurant Wingstop announced Tuesday it has executed a master development deal that will facilitate about 50 unit openings in Russia, the first opening in Moscow.

    The chicken wing purveyor -- with more than 530 locations throughout the U.S. and Mexico -- signed a master development agreement with Baxtor Limited for 50 Wingstop restaurants to be opened throughout Russia over the next 10 years.

    The first location is expected to open in Moscow by the end of 2013.

     

Related Topics

X
This ad will auto-close in 10 seconds