REAL ESTATE

  • JLL brokers sale of Market Square in Akron, Ohio

    Atlanta — JLL has announced the closing of the sale of Market Square at Montrose on behalf of LaSalle Investment Management to HP Realty LLC. Purchased for $32.5 million, the 510,231-sq.-ft. retail center hosts anchors Home Depot, J.C. Penney, Levin Furniture, Dick’s Sporting Goods, Regal Cinemas, Toys “R” Us and Cost Plus World Market.

    “Akron and similar cities are back in favor with investors,” commented Kris Cooper, a JLL managing director.

  • RetailMeNot to provide digital coupons at General Growth Property malls

    Austin, Texas - RetailMeNot, Inc. has reached a strategic partnership agreement with General Growth Properties Inc. (GGP), a real estate investment trust focused exclusively on owning, managing, leasing and developing retail properties throughout the U.S. RetailMeNot will be the preferred digital coupon provider across GGP malls.

  • Sunglass Hut launches retail kiosk concept, Shaded

    New York -- Sunglass Hut has debuted a new retail brand, Shaded, in the form of a freestanding, open-air kiosk. Targeted at Millenials, the format puts an emphasis on interactivity, with a built-it photo booth that allows for on-the-spot photo taking and photo sharing. (See photos here.)

  • Arby’s signs multiple franchise agreements

    Atlanta - Arby's Restaurant Group Inc. (ARG), franchisor of Arby’s, has signed development agreements with new and existing franchisees. ARG recently sold 14 company-operated restaurants in Tampa, Fla., to Mosaic Investments Inc., a fully integrated investment firm based in Atlanta. In addition to remodeling existing locations slated to commence at the end of 2014, Mosaic has committed to build 13 new Arby's restaurants in the Tampa area during the next nine years.

  • New Nordstrom Rack planned for Utah

    Seattle -- Nordstrom plans to open a Nordstrom Rack at University Crossing in Orem, Utah.

    The approximately 30,000-sq.-ft. store is scheduled to open in spring 2015. University Crossing is owned and managed by University Crossing Shopping Center.

  • Lauter + Gallagher will develop marketing strategies

    Los Angeles — Brooke Lauter and Nadene Gallagher, two Southern California marketing executives known for creating successful branding and marketing solutions for corporate and entrepreneurial clients, have joined forces to form Lauter + Gallagher.  

  • The Children’s Place to SkyView Center in Queens, N.Y.

    Queens, N.Y. — The Children’s Place has leased a 3,799-sq.-ft. space near other child focused retailers at The Shops at SkyView Center in the Flushing neighborhood of Queens, N.Y. The retailer plans to open in May.

  • Simon and NRG eVgo launch electric car charging stations

    Washington, D.C. — Simon Property Group and NRG eVgo (ee-vee-go), a subsidiary of NRG Energy will host an amped-up Earth Day Electric Car Caravan to unveil three new electric car fast-charging Freedom Station sites at St. Charles Towne Center, Bowie Town Center and Queenstown Premium Outlets in Maryland. The caravan will attend ribbon-cutting ceremonies at each center on April 22.

  • CBRE completes sale Frisco, Texas shopping center

    Dallas — Shayan Holdings has purchased the 29,200-sq.-ft. Lebanon Ohio Center, an unanchored strip retail complex, in Frisco, Texas. The seller was LandPlan Development Corporation. The price was not disclosed.

    The center is currently 90% occupied. Tenants include CrossFit Remedy and Arts and Technology Institute. CBRE’s Dallas office represented the seller in the transaction and conducted the financial analysis.

  • Roundy’s opens new Mariano’s in Chicago April 22

    Milwaukee -- Roundy’s, Inc. will open Mariano’s Edgewater in Chicago on April 22. Edgewater is the fifth Mariano’s store to open of the 11 former Dominick’s locations acquired by Roundy’s in December 2013, and the eighth in the city of Chicago.

    Store features will include a Vero Italian coffee and gelato shop, Squeez’d smoothie bar, and access to “Mariano’s Tastemakers,” 14 chefs and lifestyle experts who provide demos and advice.

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