REAL ESTATE

  • Cole and RED form joint venture

    Phoenix -- Cole Real Estate Investments announced the formation of a joint venture with RED Development to focus on future acquisition opportunities, recapitalizations and note purchases in the retail real estate sector. 

  • Edens & Avant acquires Union Planters Plaza

    Fort Lauderdale, Fla. -- Columbia, S.C.-based Edens & Avant said it has purchased Union Planters Plaza, a 155,000-sq.-ft., Whole Foods-anchored retail center in Fort Lauderdale, Fla. 

    Located in one of Broward County’s most active regional corridors, Union Planters Plaza was originally built in 1989 and expanded in 2000 and sits on a total of 14.6 acres. Union Planters Plaza is the 25th retail center owned by Edens & Avant in the Florida market, including 12 centers in South Florida. 

  • Shoe Lab opens at Janss Marketplace

    Thousand Oaks, Calif. -- Shoe repair store Shoe Lab has opened at Janss Marketplace, in Thousand Oaks, Calif., joining tenants such as Burlington Coat Factory, Marshalls, Buca di Beppo, Qdoba Mexican Grill, Panera Bread, Gold’s Gym, Old Navy, Mann Theaters, and TGI Friday’s. 

    Janss Marketplace is managed by NewMark Merrill Cos., LLC.

  • Shoppes at Hartford leases 24,000 sq. ft. of new retail

    Madison, Wis. -- Lee & Associates’ Madison office said it has completed $2.8 million of leases at The Shoppes at Hartford; a 24,000-sq.-ft. retail center in Hartford, Wis. 

    Located next to a new Wal-Mart Super Center, Lee Madison had the center 75% pre-leased before construction commenced and 100% leased before construction was finalized. Construction commenced April 1, and all tenants are expected to open before Christmas 2011.

  • Zara selects Schimenti Construction to build Manhattan flagship

    Ridgefield, Conn. — Spanish fast-fashion retail giant Zara has chosen Schimenti Construction Company to build its new flagship at 666 Fifth Avenue in Manhattan. The 39,000-sq.-ft. store is located in the former home of the NBA Store.

    “We have begun the first phase (demolition and structural work) of the project which has included lowering the second floor to provide a higher ceiling and installing new steel beams,” said project executive Joseph Schimenti.

  • Michael Kors opens at Cherry Hill Mall

    Cherry Hill, N.J. — Noted fashion designer and retailer Michael Kors has opened a new store in Cherry Hill, N.J. — at the Cherry Hill Mall, a property owned by Philadelphia-based Pennsylvania Real Estate Investment Trust.

    The store opening is part of the mall’s $200 million complete renaissance, which includes the addition of white-linen restaurants, a new parking deck, the addition of an upscale retail wing, a redesigned and relocated food court now called Cherry Hill Cafés, and extensive interior and exterior renovations.

  • Five Guys Burgers and Fries to open at Vista Village

    Vista, Calif. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Vista, Calif., at Vista Village to Five Guys Burgers and Fries. 

    The restaurant leased 2,611 sq. ft. of retail space at the 232,543-sq. ft. Vista Village, which is anchored by Krikorian Premiere Theatre and Frazier Farms.

  • Mattress Firm to open at Cooper Street Plaza

    Arlington, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased 3,588 sq. ft. of retail space in Arlington, Texas, at Cooper Street Plaza to Mattress Firm.  

    The store is slated to open for business in October 2011. 

    The 235,196-sq-ft. shopping center is anchored by a 137,840-sq.-ft. Home Depot alongside national retailers such as OfficeMax, T.G.I. Friday’s and State Farm Insurance. 

  • Kite Realty announces several leases

    Indianapolis -- Kite Realty Group said that Dibella’s Subs will join Traders Point II shopping center, in Indianapolis, with a 3,200-sq.-ft. Indiana debut. The 447,507-sq.-ft. center is anchored by Bed Bath & Beyond, Books-A-Million, Dick’s Sporting Goods, Marsh Supermarket, Michael’s, Old Navy, Petsmart and AMC Theatre.  

    At Cool Creek Commons in Carmel, Ind., Kite leased 5,554 sq. ft. to Boom Bozz Pizza & Tap House, which will open its first location in Indiana.

  • Peruvian Atelier to open at West 7th development

    Fort Worth, Texas -- Dallas-based Cypress Equities said that its West 7th mixed-use development in Fort Worth, Texas, has signed specialty women’s fashion retailer Peruvian Atelier for a 2,357-sq.-ft. shop slated to open in late 2011.

    The new store will be located between Flirt Boutique and the soon-to-open Keena’s.

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