REAL ESTATE

  • Mid-America secures retail leases in Chicago’s southwest suburbs

    Oakbrook Terrace, Ill. -- Mid-America Asset Management Inc. has announced three new retail leases on behalf of two shopping centers in Chicago’s southwest suburbs.     

    Flexeon Rehabilitation signed a lease for 2,923 sq. ft. at Hillcrest Shopping Center in Crest Hill, Illinois. The 240,268-sq.-ft. center is anchored by TJ Maxx, Food 4 Less, Citi Trends, and Harbor Freight Tools.

  • Joint venture acquires greater Cleveland center

    NEW YORK — Hornig Capital Partners, a privately held New York City-based investment company, has combined in a joint venture with Hutensky Capital Partners of Hartford, Conn. to acquire the Golden Gate Shopping Center in Mayfield Heights, Ohio, in the greater Cleveland region. The joint venture purchased the property from Forest City Enterprises for $47,050,000, together with B&D Holdings, making it one of the largest single asset retail deals in the region during the past 24 months.

  • Long Island’s South Ocean Avenue gains two new tenants

    Patchogue, N.Y. -- A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

    The 23,000-sq.-ft. space at 35-71 South Ocean Ave. will feature sushi restaurant 360 Taiko Sushi & Lounge (4,900 sq. ft.) and apparel retailer Jeans Fashion (2,500 sq. ft.).

  • Winick leases up East Coast Development in Long Island City

  • UGG to launch online site; open stores for new tween-girls brand

    New York -- UGG Australia on July 14 will launch an e-commerce site dedicated to its new tween-girls brand, I Heart UGG. The retailer also plans to open two I Heart UGG stores, in Waikiki, Hawaii, and in San Francisco, in early September.

    The new line includes footwear, loungewear, accessories and handbags and will be available in the United States, Japan and China.

  • dd’s Discounts to open in downtown Portland, Oregon

    Dublin, Calif. — dd’s DISCOUNTS, a division of Ross Stores, will open a new store in downtown Portland on June 28th in a former Ross Dress for Less location. Counting the new location, dd’s DISCONTS will operate over 140 locations in 13 states. The retailer is on schedule to open approximately 20 locations in 2014.

  • Sendik’s Food Market to co-anchor The Corners of Brookfield

    Milwaukee -- The Marcus Corp. announced that Sendik’s Food Market will open a 32,000-sq.-ft. grocery store at The Corners of Brookfield, an open-air town center development in the Town of Brookfield, Wisconsin.

    The Balistreri-owned and operated grocer will be located on the Bluemound Road side of the 19-acre site at the intersection of I-94, Barker Road and Bluemound Road at the main entrance to the shopping center.

  • Tilly’s to open in Moreno Valley Mall in Moreno Valley, Calif.

    Moreno Valley, Calif. — National action sports retailer, Tilly’s will open its doors at Moreno Valley Mall on July 1. A grand opening celebration is scheduled for Saturday, July 19. The retailer will occupy 7,148 sq. ft. at the Inland Empire shopping center, which is managed by Spinoso Real Estate Group.

  • REI announces two new store openings for spring 2015

    Seattle -- REI will set up shop in two new locations next spring. The national outdoor retailer will open in Princeton, New Jersey. REI is also extending its presence in the Atlanta area, with a 24,000-sq.-ft. store in Alpharetta, Georgia.

    REI’s 23,000-sq.-ft. store in Princeton will be located at Mercer Mall.

  • Staples expanding home/office automation platform; 500 store rollout planned

    Framingham, Mass. -- Staples is expanding its home and office automation platform, Staples Connect, including a rollout to 500 stores, new pricing for the Staples Connect Hub, and collaborations with Microsoft, Jawbone, and D-Link. Staples is also the first retailer to announce the integration of wearable technology to its platform.

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