REAL ESTATE

  • Mid-America arranges sale of Wanamaker Shopping Center

    Topeka, Kan. -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Wanamaker Shopping Center in Topeka, Kansas.  The regional shopping center was purchased for $18 million by Fort Wayne, Indiana-based Equity Investment Group.

    The 269,875-sq.-ft. center is anchored by Big Kmart, Hobby Lobby, and Bed Bath & Beyond.

  • Uniqlo to open first green store, in Northern California’s Great Mall

    New York – Uniqlo will open a store at Great Mall in Milpitas, California, on Sept. 12. The store will be the first Uniqlo location to feature a 100% eco-friendly design, with LED lighting, greener materials and high-efficiency elements throughout.

    The new Uniqlo also include specialty shopping vignettes that will create a store-within-a-store feel in the women and children’s departments. In-store display materials will also include updated digital screens.

  • Hamilton Plaza reaches 100% occupancy with eyeglass retailer lease

    Hamilton, N.J. -- Discount optical retailer America’s Best Contacts & Eyeglasses has leased 4,500 sq. ft. at Hamilton Plaza in Hamilton Township, announced Levin Management, exclusive leasing and managing agent for the 175,000-sq.-ft. shopping center.

    The lease signing brings the Mercer County retail destination to 100% occupancy.

  • CBRE, NRIG-West complete sale Maywood Village Square

    Maywood, Calif. -- CBRE senior VP Philip D. Voorhees announced that he, Jimmy Slusher and the National Retail Investment Group – West (NRIG-West) team, along with CBRE’s managing director, Richard Rizika, completed the sale of Maywood Village Square, a 48,324-sq.-ft. convenience strip center located in Maywood, California. The center is anchored by O’Reilly Auto Parts and features Subway, U.S. Bank, Yoshinoya, Western Dental Services and a new Fitness 19 health club.

  • Kimco Realty buys 10 shopping centers for $276 million

    New Hyde Park, N.Y. - Kimco Realty Corp. has acquired a portfolio of 10 shopping centers from its joint venture with SEB Asset Management for $275.8 million, including $193.6 million of mortgage debt. Kimco, which previously held a 15% ownership interest in the properties, paid approximately $69.8 million for the remaining 85% equity interest held by SEB Asset Management, the group’s specialist real estate manager.

  • West Elm to join Town Center of Virginia Beach

    Virginia Beach, Va. -- Home furnishings retailer West Elm will open a new store at Town Center of Virginia Beach, the retailer’s first in the Hampton Roads market.

    The new store will be located on Main Street on the first floor of the newly constructed 4505 Main Street Tower, next to the recently announced Anthropologie store. A grand opening is slated for 2015.

  • Dress Barn re-ups at Summit Plaza

    Hackensack, N.J. -- Dress Barn has renewed its lease for 4,200 sq. ft. at Summit Plaza in Hackensack, New Jersey. The 100,000-sq.-ft. retail property is owned and managed by Alfred Sanzari Enterprises.
     

  • Francesca’s to open in Town Center of Virginia Beach

    Virginia Beach, Va. -- Francesca’s will open a new store at the Town Center of Virginia Beach.

    According to Divaris Real Estate, the 1,830-sq.-ft. store will be located on Main Street in the first-floor retail space of the Armada Hoffler office tower block. The grand opening is slated for first quarter 2015.

  • H&M’s new 57,000-sq.-ft. Manhattan flagship is brand’s largest store yet

    New York -- Fast-fashion giant H&M on Thursday celebrated the opening of its flagship on Fifth Avenue in Manhattan. At 57,000 sq. ft., it is the retailer’s largest store in the world and 13th location in Manhattan. It also is the first H&M in the United States to offer a full concierge service, and to carry the full H&M Home collection.

  • Cullinan promotes two

    Peoria, Ill. -- Cullinan Properties, Ltd. has promoted Scott Bishop to VP of Asset Management, responsible for overseeing all aspects of property operations for the company, including supervision of both in-house personnel and third-party firms. Bishop will also coordinate leasing, marketing and tenant construction-related activities for the managed properties.

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