REAL ESTATE

  • Starbucks joins Fisherman’s Wharf in Jupiter, Fla.

    Aventura, Fla. — Starbucks has signed a long-term lease at The Shops at Fisherman’s Wharf in Jupiter, Fla., according to the property’s owner, Elion Partners. Avison Young represented Starbucks in the transaction. Atlantic Retail Properties represented Elion Partners.

    The news comes a few weeks following the announcement that The Fresh Market will anchor the center.

  • SRS announces new associate

    Dallas — SRS Real Estate Partners has hired Michael Straus as an associate in the Chicago office. Straus will focus on tenant and landlord representation as well as new business development.

    He brings more than 15 years of managerial and sales experience to SRS. Prior to signing on with SRS, he worked for Student Transportation of America where he oversaw all aspects of operations and managed more than 1,100 employees across the Midwest. He managed sales and contract negotiations, lease renewals, development and acquisitions.

     

  • Seven new retailers for Alliance Town Center

    Fort Worth, Texas — Trademark Property Co. has announced multi-year leases for seven new tenants soon to open in Alliance Town Center in North Fort Worth, Texas.

  • Aurelio’s Pizza to South Michigan Avenue in Chicago

    Chicago — Aurelio’s Pizza has leased a 5,163-sq.-ft. store at 1212 South Michigan Avenue in Chicago. It will become Aurelio’s flagship location and first corporate-owned restaurant in downtown Chicago.

    RKF’s Chicago office represented the landlord on the long-term lease. Baum Realty represented Aurelio’s.

  • KickesUSA to CooperTowne Center in Somerdale, N.J.

    Purchase, N.Y. — KicksUSA, a regional retailer offering athletic footwear and family apparel, has opened a 4,600-sq.-ft. store at CooperTowne Center in Somerdale, N.J., according to National Realty & Development Corp., the owner of the center.

    Wal-Mart Supercenter, Cinemark Theatres and LA Fitness anchor CooperTowne Center.

  • Mansour closes on portfolio of 10 Walgreens

    San Diego — The Mansour Group has arranged the sale of a portfolio of 10 Walgreens properties located in secondary and tertiary markets throughout the Mid-south  in Arkansas Missouri, Oklahoma, Tennessee and Camden, N.J.

    Mansour had the exclusive listing to market the properties on behalf of the seller, a private partnership. After generating more than three dozen offers, the portfolio sold to a private California 1031 exchange buyer who completed the sale of a multi-family property in San Francisco.

  • Torchy’s Tacos signs into a Houston-metro town center

    Houston — Torchy’s Tacos has leased a 3,886-sq.-ft. restaurant at LaCenterra at Cinco Ranch in the Houston suburb of Katy, according to Vista Equities Group, the owner of the center. Baker Katz represented Torchy’s in the transaction.

  • NPD: U.S. restaurant count up slightly over last year

    Chicago -- The U.S. restaurant count increased by less than 1% from a year ago, reaching a total of 633,043 units, according to a recent restaurant census conducted by The NPD Group. Restaurant units increased by 4,179, or 0.7% over last year, based on NPD’s Fall 2013 ReCount, which is a count of commercial restaurant locations in the United States compiled in the spring and fall each year.
     

  • Tim Hortons to open 300 U.S. stores by 2018

    Oakville, Canada – Tim Hortons is unveiling a strategic four-year growth plan for 2014-2018 called “Winning in the New Era.” The plan, which has specific segments for the Canada, U.S., and international markets, includes the opening of 300 new U.S. locations by 2018.

  • Beating Clicks?

    If you can’t beat them …. Four major mall owners – Westfield, Simon, GGP and Macerich – have pitched in $4.5 million to help fund a delivery start-up business that promises same-day purchases delivery to mall shoppers.

    According to a recent article in the Silicon Valley Business Journal, Palo Alto-based Deliv will use the funding garnered from the mall owners and others to improve its software and expand into additional shopping centers.

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