REAL ESTATE

  • Study: Few sites for smaller big-box footprints in urban Chicago

    Chicago -- A real estate report released Wednesday by Mid-America Real Estate Corp.’s Urban Team found that much of Chicago lacks the type of product that today’s downsized big-box retailers are looking for.

  • BJ’s Restaurant and Brewhouse to open at South Hill Mall

    Puyallup, Wash. -- Youngstown, Ohio-based Cafaro Co. announced that BJ’s Restaurant and Brewhouse will open a 9,200-sq.-ft. restaurant at South Hill Mall in Puyallup, Wash.

    The new tenant is scheduled to open February 11, 2013, located between Red Robin and Olive Garden restaurants.

     

  • Hobby Lobby expands at Paradise Pavilion

    West Bend, Wis. -- Brixmor Property Group announced Hobby Lobby recently expanded from 46,546 sq. ft. to 57,346 sq. ft. at Paradise Pavilion, located in West Bend, Wis.

    Brixmor, based in New York City, is the owner of Paradise Pavilion.

     

  • Six new tenants to open at White City Shopping Center

    Shrewsbury, Mass. -- Charter Realty & Development said it has arranged six leases, totaling 33,191 sq. ft., in the White City Shopping Center located in Shrewsbury, Mass.

    Planet Fitness will open a 19,079-sq.-ft. facility, Elements Massage will open a 3,520-sq.-ft. unit, which was co-brokered with Blake Commercial, and Two Ovens will open a 3,532-sq.-ft. restaurant, which was co-brokered with Gallivan & Co.

  • SPL Realty secures 11 leases for Lorna Jane’s U.S. expansion in California

    Santa Monica, Calif. -- SPL Realty Partners, exclusively representing Australian women’s activewear retailer Lorna Jane, announced 11 leases have been secured for Lorna Jane’s expansion into the United States.

    The retail sites are located throughout the Southern California region including stores in Santa Monica, Woodland Hills, Glendale, Irvine and Huntington Beach.

    A warehouse was also secured for the support of the network of retail stores and online fulfillment in Santa Monica, Calif.

  • CBL names CFO, promotes Reinsmidt

    Chattanooga, Tenn. -- CBL & Associates Properties announced that Farzana Mitchell has succeeded John Foy as CFO.  

    Foy will remain in the near term as executive vice chairman to provide continuity through the transition.  

    In addition, the CBL board announced that Katie Reinsmidt has been promoted to the new position of senior VP – investor relations and corporate investments.

     

  • SRS Real Estate to represent Shopko in property disposition

    Dallas -- SRS Real Estate Partners has been selected to represent Shopko in the disposition of its outlot properties and vacant properties in 19 states across the Midwest and western United States.

    The outlots range in size from 14,000 sq. ft. to 219,000 sq. ft., and the vacant properties range in size from 18,700-sq.-ft. retail locations to a 214,000-sq.-ft. industrial property.

     

  • Nordstrom Rack announces three new locations

    Seattle -- Nordstrom announced plans to open Nordstrom Rack stores in the Milwaukee suburb of Wauwatosa, Wis.; Ann Arbor, Mich., and Columbus, Ohio.

    It will be the retailer's first location in the state of Wisconsin.

    The approximately 36,000-sq.-ft. store in Wauwatosa, Wis., is scheduled to open in spring 2014 at The Mayfair Collection, a 250,000-sq.-ft. planned adaptive reuse development of a former industrial complex and distribution center.

  • Three new tenants announced at Shoppes at Wyomissing

    Reading, Pa. -- Garrison Investment Group said that Charming Charlie, Berkshire Shoe & Boot, and Menchey Music have opened or will open soon at The Shoppes at Wyomissing, located in Reading, Pa.

    The three new tenants total nearly 11,400 sq. ft. in the 103,108-sq.-ft. open-air lifestyle center, which is owned by the Garrison and managed by Levin Management.

  • Charter Realty & Development to lease Oak Park Commons

    South Plainfield, N.J. -- Charter Realty said it has been selected to lease Oak Park Commons located in South Plainfield, N.J.
     
    The single-story, 136,939-sq.-ft. community shopping center is anchored by A&P Supermarket in 60,025 sq. ft. and includes a mix of national, regional and local tenants.
     
    Oak Park Commons is currently 76% occupied with 33,508 sq. ft. of available space.
     

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