REAL ESTATE

New York — Faith Hope Consolo, chairman, and Joseph Aquino, executive VP of Douglas Elliman’s Retail Group, has leased a multi-level space at 45 East 58th Street in the Plaza District in Manhattan, to Caruso, the exclusive Italian menswear label.

The new location will be Caruso’s first in the United States. It will be the brand’s New York flagship and showroom.

Formerly the Spanierman Gallery, the unusually large space encompasses more than 11,000 sq. ft. on two levels.

Bronx, N.Y. — Triangle Equities has reached several milestones in the development of the $35 million, 88,000-sq.-ft. Triangle Plaza Hub at 149th Street in Bronx, New York. The development aims to help revitalize a generally underserved area with a mixed-use commercial and community facility located at a transit center that serves 200,000 people daily. Vista Optical has also leased space.

To date, Triangle’s accomplishments include signing two key anchor tenants: Fine Far supermarket and Metropolitan College of New York.

Nashville, Tenn. — Opry Mills, the largest outlet and value retail shopping destination in Tennessee, has expanded its staff with the addition of three new professions. Natalie Smailis has been named marketing/tourism coordinator. Jamie Phillips will serve as guest services manager. Billy Patton will step into the role of director of operations.

Beachwood, Ohio – Shopping center operator DDR Corp. is commencing a multi-year proactive lease termination initiative aimed at recapturing high-quality anchor store locations across its portfolio. Through this initiative, DDR is collaborating with retailers in the books, electronics, toys, office and traditional department store categories to right-size their real estate footprints by regaining control of locations in advance of natural lease expiration.

New York — Skincare specialist Infinite Beauty has leased its first New York City location at 1031 Third Avenue and 61st Street, according to Faith Hope Consolo, chairman, and Joseph Aquino, executive VP of Douglas Elliman’s Retail Group, which represented both the landlord and tenant in the transaction.

The retailer has stores in affluent areas along the east and west coasts, from Boca Raton, Fla., to Annapolis, Md., and White Plains, N.Y., to Roseville, N.Y., and Palo Alto, Calif.

New York — & Other Stories, a sibling brand to H&M, has leased a 10,915-sq.-ft. space at 575 Broadway in the SoHo district of Manhattan, according to RKF, which represented the landlord, 575 Broadway Associates LP, in the transaction. Cole Schotz provided legal counsel. CBRE represented & Other Stories.

Indianapolis — Simon Property Group has completed the separation of Washington Prime Group Inc., which is now an independent public company that will be traded on the New York Stock Exchange under the symbol “WPG.”

Washington Prime holds interests in 98 retail assets, including the strip center business formerly owned by Simon.
 

Addison, Texas — Cadence McShane Construction Company has completed the renovation and new construction assignment at Golden Triangle Mall in Denton, Texas, on behalf of owners GTM Development Ltd., a joint venture created by Cencor and The MGHerring Group.