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.

  • Aventura Mall to add three-level upscale wing

    Aventura, Fla. -- Aventura Mall, in the Miami suburb of Aventura, plans a significant expansion that will include a new three-level, 241,000-sq.-ft. retail wing and parking garage. Construction is expected to begin in 2014.

    Located between Miami and Fort Lauderdale, Aventura Mall currently measures 2.7 million sq. ft.

  • As fast-casual segment grows, restaurants get aggressive by re-thinking real estate strategies

    By Carrie Smith, [email protected]
    It is undeniable that fast-casual restaurant chains in North Florida and South Georgia are resuming their expansion plans. The local unemployment rate ended 2013 under 6%, home building permits jumped nearly 30%, and car sales climbed — all signs of an improving local economy.

  • Mid-America brokers sale of Park Ridge, Ill., center

    Oakbrook Terrace, Ill. — Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of The Shops of Uptown in Park Ridge, Ill. Phillips Edison-ARC REIT purchased the 70,402-sq.-ft. center for $27 million.

    Trader Joe’s anchors the center, which also hosts Jos. A. Bank, Chico’s, LensCrafters Optique, Houlihan’s, Jason’s Deli and Noodles & Company.

  • Robert Graham plans new Arizona store

    New York -- Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in Scottsdale Fashion Square, Scottsdale, Ariz. The store, slated to open in spring 2014, will carry the complete range of Robert Graham, including men's sportswear, premium denim, footwear, furnishings, accessories, outerwear, and women's sportswear.  

  • Sony closing 20 U.S. stores

    San Diego -- As part of a restructuring, Sony Electronics announced plans to close 20 U.S. Sony stores, along with a total staff reduction of one-third by the end of the calendar year.

  • 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.

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