REAL ESTATE

  • 14 new tenants to Towne Centre at Laurel

    Owings Mills, Md. — Towne Centre at Laurel in Laurel, Md., has announced leases for 14 new retailers and restaurants. The $130 million, 400,000-sq.-ft. mixed-use redevelopment of the former Laurel Mall is now 85% leased and under construction. The first phase is scheduled to open in March with the reopening of a new 70,000-sq.-ft. Burlington Coat Factory.

    The remainder of the project will open this fall, featuring Regal Cinemas, Sports Authority and the first Harris Teeter in Prince George’s County, along with the following 14 new tenants:

  • CBRE names Grantham president GCS, Americas

    Los Angeles — CBRE Group has promoted Curt Grantham to president, global corporate services, Americas. In his new post, Grantham will oversee client management and account operations as well as all GCS regional leadership in the Americas. He will report to Jim Wilson, global chief operating officer, GCS, CBRE.

    In his new position, Grantham will join CBRE’s Americas operations management board. He will continue to serve on CBRE’s GCS executive committee.

  • JLL to manage Shops Around Lenox

    Chicago — Jones Lang LaSalle has announced that the firm has been retained to manage Shops Around Lenox, a 124,409-sq.-ft. open-air center off Peachtree Road in the Buckhead area of Atlanta. The property’s tenant mix includes Crate & Barrel, Lululemon Athletica, Swank, Deka, Ona Atlanta, Paper Source, Suit Supply, Seven Lamps and Bhojanic.

  • CBRE brokers Oak Grove Plaza sale in Dallas suburb

    Los Angeles — CBRE’s national retail investment group has arranged the sale of Oak Grove Plaza, a 120,491-sq.-ft. retail center anchored by Kroger Signature, to Chicago-based LaSalle Investment Management.

    CBRE marketed the property, which is located in the Dallas suburb of Sachse, Texas, on behalf of Invesco Advisers.

  • Target announces nine new stores in Canada

    Mississauga, Ontario -- Target Corp. announced that it will continue its Canadian expansion in 2014 by adding another nine locations to the 124 Target stores now open in all 10 provinces. The majority of the new stores will open in Ontario, with single store additions planned for Quebec, Manitoba, Alberta and B.C.

  • Smoothie King targets Atlanta for franchise growth

    New Orleans — Smoothie King Franchises has announced that it is targeting Atlanta for franchise expansion. The company, which will unveil its new store design next month in South Florida, plans to open 25 new locations in the Atlanta region over the next five years.

  • Greco to market Summit Plaza in Hackensack, N.J.

    Hackensack, N.J. — Alfred Sanzari Enterprises has appointed The Greco Realty Group exclusive leasing agent for Summit Plaza in Hackensack, N.J.

    A recently expanded 62,000-sq.-ft. Super Stop & Shop anchors the 100,000-sq.-ft. Summit Plaza. Service and retail tenants include Harmon Cosmetics, GNC, Payless ShoeSource, RadioShack, Dress Barn, the UPS Store, GameStop and Blimpie plus the typical neighborhood services such as a nail salon, dry cleaner and a pizzeria.

  • Publix to anchor Doral Commons in Doral, Fla.

    Miami -- Publix Super Markets will open a 49,000-sq.-ft. supermarket and pharmacy to anchor Terra Group’s latest retail center development, Doral Commons in Doral, Fla. The 140,000-sq.-ft. center is located in one of the fastest growing residential areas of Miami Dade County.

    Courtelis Company represented Terra Group in the lease negotiation with Publix and will continue to represent the company in the leasing of the remaining available space in Doral Commons.

  • Chico’s to enter Mexico in partnership with Liverpool

    New York -- Chico's FAS will launch its namesake brand in Mexico, through an exclusive franchise with El Puerto de Liverpool, S.A.B. de C. V. ("Liverpool"), starting with a stand-alone boutique at Perisur Mall, Mexico City, in spring 2014.

    Plans for the Chico's expansion in Mexico include the opening of stand-alone stores as well as branded shop-in-shops in Liverpool department stores. The second stand-alone boutique will open in Villahermosa, Tabasco.

  • Ruth’s Chris opens in Denver

    Orlando, Fla. — Ruth’s Chris Steak House has opened a new location in Denver — in the historic Denver Dry Goods Building. The contemporary space spans nearly 10,000 sq. ft. and boasts a grand lounge, three private event rooms, a dining room and a state-of-the-art kitchen anchored by Ruth’s Chris’ signature and proprietary 1,800-degree broiler.

    Ruth’s Chris is the largest upscale steak house company in the world, with nearly 140 restaurant locations around the globe.

     

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