REAL ESTATE

  • Hibbett Sports to open 75-80 stores

    Birmingham, Ala. – Hibbett Sports Inc. plans to open 75-80 new stores, expand 10-15 stores and close 10-15 stores during fiscal 2015 (which coincides with calendar 2014). These aggressive growth plans comes as Hibbett reports increases in net income and sales during the first quarter of fiscal 2015.

  • Ross Dress for Less signs into Seattle’s Ballard Blocks

    Seattle — Ross Dress for Less plans to open a new 35,000-sq.-ft. store at Ballard Blocks shopping center in Seattle, next year.

    The 131,000-sq.-ft. Ballard Blocks is a LEED Silver Certified urban mixed-use retail and office project located next to the Ballard Bridge off-ramp and NW Ballard Way where more than 70,000 cars pass daily. The project has 525 parking stalls on site with an additional 50 spaces on the street.

  • Restoration Hardware transforms landmark building to RH gallery/store

    Corte Madera, Calif. – RH (Restoration Hardware Holdings) has opened RH Greenwich, The Gallery at the Historic Post Office, in Greenwich, Connecticut. After years of planning and preservation to honor its singular place in the town’s cultural landscape, the building’s exterior has been completely restored, while the interior has been reimagined and a second story conservatory and rooftop park has been added.

  • Two new tenants for CoolSprings Galleria in Nashville

    Chattanooga, Tenn. — The Cheesecake Factory and Island Purveyor featuring Tommy Bahama have taken space at CoolSprings Galleria in Nashville, Tenn., according to the center’s owner CBL & Associates Properties. Both plan to open later this year.

    The new tenants are part of CBL’s redevelopment and expansion plans for the 1.1 million-sq.-ft. super regional shopping center anchored by Belk, Dillard’s, J.C. Penney and Macy’s.

  • Chef Hutson opens new restaurant concept in Miami

    Miami — Executive chef and owner Cindy Hutson plans to open a new restaurant concept called Zest in the 30,000-sq.-ft. plaza of Miami’s 1.2-million-sq.-ft. Southeast Financial Center office building. It will be her second restaurant brand following the well-regarded Ortanique, which has locations in Miami, and the Cayman Islands.

  • KeyPoint Partners earns three new assignments

    Burlington, Mass. — KeyPoint Partners has added three new property management and leasing assignments to its portfolio. The firm will manage and lease Walnut Hill Plaza, a 298,000-sq.-ft. retail center in Woonsocket, R.I., and Summit Square, a 133,900-sq.-ft.-retail center in Warwick, R.I.

    In addition, KeyPoint will manage the 97,000-sq.-ft. Harbor Village in Townsend, Mass.

  • Legend Retail will represent 10 Denver retail centers

    Denver — AmCap, Brixmor Property Group and Kimco have selected the Legend Retail Group to represent nearly 2 million sq. ft. of gross leasing area at 10 different retail centers across the Denver metropolitan area. The centers include:

    AmCap
    • Market Square, at Havana and Mississippi (120,498 sq. ft.; 12,410 sq. ft. available)
    • Market Square, at Wadsworth and Jewell (92,759 sq. ft.; 8,090 sq. ft. available)
     
    Brixmor Property Group

  • Trademark to manage Burr Ridge, Illinois, center

    Fort Worth, Texas — Founders Properties has hired Trademark Property Co. to handle management, marketing, accounting and construction for Burr Ridge Village Center, a 232,000-sq.-ft. mixed-use lifestyle center in Burr Ridge, Illinois.

    Located 15 miles west of Chicago, the center forms a downtown for the affluent Burr Ridge community. It includes 195,000 sq. ft. of retail and restaurants, 37,000 sq. ft. of office and 196 luxury residential units.

  • DLC acquires The Court at Deptford in Deptford, New Jersey

    Tarrytown, N.Y. — DLC Management Corp. has acquired The Court at Deptford in Deptford, New Jersey. DLC plans to redevelop the 361,000-sq.-ft. center located next to the Deptford Mall.

    Tenants include Ross Dress for Less, Party City, Pier 1 and Olive Garden.

    Shopping centers in the well-occupied trade area averages occupancy rates of 95%, thanks to a population of 210,985 with an average annual income of $77,600.

     

  • Coldwater Plaza in Avondale, Arizona, sells for $2 million

    Phoenix — Sparty Holdings has acquired the 10,017-sq.-ft. Coldwater Plaza in Avondale, Arizona, for $2.085 million.

    Evergreen represented Sparty Holdings in the transaction. CBRE (www.cbre.com) represented the seller, a partnership between North Dysart SG and Coldwater Dysart Partners.

    The 10,017-sq.-ft. shopping center is 100% leased. Tenants include Pacific Seafood Buffet, Cricket Wireless, Hire Source Staffing, and Checkmate Loans.

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