REAL ESTATE

Canadian furniture retailer sets its sights on the U.S.

BY Marianne Wilson

Just in time for Black Friday, Structube, a leading Canadian retailer of modern furniture, has launched its e-commerce site in the United States.

In addition to its online platform, Structube, which operates 47 stores in Canada, plans to open stores across the United States, starting in 2016.

Structube specializes in contemporary style furniture, and offers “high style/low priced” pre-assembled and easy-to-assemble products. The company says it caters to young professionals, condo dwellers and small businesses.

The brand opened its doors as a furniture retailer in 1980. The company has since expanded its operation across Canada, opening stores in almost every province.

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Retail leasing now complete for historic 841 Broadway in Manhattan

BY Melonie Messina

The Feil Organization announced Maison Kayser will bring its artisanal breads and baked goods to Union Square, signing a 15-year lease at the historic 841 Broadway for its eighth location in Manhattan, New York.

The bakery will occupy 3,000 sq. ft. on the ground and mezzanine floors of the 108,000 sq. ft., eight-level Romanesque building, completing its retail portion.

“The activity in and around Union Square is buzzing, and the demand for this location was extraordinary, allowing us to maximize the income,” states Nicolas Forelli, director of leasing for The Feil Organization. “While we were marketing this location, we had an overwhelming response from every food concept you can imagine. With its reputation for quality and unique product for this market, Maison Kayser was the best fit for the building and neighborhood.”

Built in 1894, the Romanesque building is located at the intersection of 13th Street just one block from Union Square Park. In the past year, Feil completely renovated the building, restoring the terracotta façade, creating a brass-accented lobby, and installing new elevators and windows.

At the base of 841 Broadway is one of the busiest subway stations in New York City, serving the 4, 5, 6, L, N, Q and R trains, making Union Square one of the most easily accessed areas in Manhattan. In recent years, technology and media firms have come to the neighborhood, as has retail. Other retail tenants at 841 Broadway include Max Brenner Chocolatier and Santander Bank. Feil also owns 853 Broadway next door, another recently renovated building that recently completed its retail component with M•A•C Cosmetics and Capital One.

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EDENS acquires Historic shopping center in Dallas

BY Melonie Messina

EDENS announced it acquired Casa Linda Plaza, one of the oldest shopping centers in the Dallas, Texas. The 323,000 sq. ft. center, was first opened in the late 1940s.

Casa Linda Plaza is located five miles northeast of downtown, situated on three of the four corners at the intersection of Buckner Boulevard and Garland Road. The center is anchored by Albertson's and Petco, as well as, mix of local and national retailers including Pie Wei, Torchy's Tacos, El Fenix Restaurant, Highland Park Cafeteria, and Elliott's Hardware to name a few.

In 1939, Carl Brown began the process of turning part of his family farm into a shopping center – a place for the residents in this area to spend time together. It still fulfills that mission today with a mix of Main Street friendliness and modern goods and services in a walkable historic setting.

"This center is a part of the fabric of East Dallas and the White Rock Lake area; it's entrenched in the community," says Chad Braun, Managing Director. "Our goal is to continue to be good stewards of the property and maintain that reputation."

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