REAL ESTATE

  • R.P. Wurster buys Plainfield, Ind., center

    Chicago  — R.P. Wurster has acquired the 49,967-sq.-ft. Plainfield Commons in Plainfield, Ind., for $6.35 million. The 100% leased community shopping center features anchor tenants Dollar Tree and Shoe Carnival. Shadow anchors include Target, Kohl’s, Pier One Imports and PetSmart.

    Mid-America Real Estate Corp.     in cooperation with Mid-America Real Estate Corp. — Indiana brokered the transaction on behalf of the seller, RPD Catalyst.
     

  • Walgreens re-opens NYC flagship in Union Square

    New York — Walgreens will host a grand re-opening of its 24/7 flagship store in Union Square, Manhattan, on Jan. 23. The store opened originally in 2001.

    Walgreens is the nation’s largest drugstore chain with fiscal 2013 sales of $72 billion. The company operates 8,200 drug stores in 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

  • ProHealth to Glen Oaks in Queens, N.Y.

    New York — ProHealth has signed a lease for a 10,913-sq.-ft. location at an endcap of the 187,650-sq.-ft. Glen Oaks Shopping Center in the Glen Oaks section of Queens, according to The Feil Organization, the center’s owner and manager. The lease brings the open-air center to 99% leased.

    The medical services provider is renovating the façade and expanding the existing space to increase its frontage on Union Turnpike. ProHealth expects to open in March.

  • Nordstrom Rack to open two new stores in DDR centers

    Beachwood, Ohio — Nordstrom Rack will open locations at Lake Brandon Plaza in Brandon, Fla., and Harbison Court in Columbia, S.C., this fall. DDR Corp. owns and manages both centers.

  • Krispy Kreme plans Southern California expansion

    Winston-Salem, N.C. — Krispy Kreme has announced a development agreement with existing franchisee Great Circle Family Foods to develop 20 new doughnut shops in Southern California. Over the next seven years. Great Circle currently operates 11 Krispy Kreme shops in Southern Calif., making the company Krispy Kreme’s third largest domestic franchisee.

    Krispy Kreme can be found in over 800 locations in more than 20 countries around the world.

  • Nordstrom plans Elizabethtown, Pa., fulfillment center

    Seattle — Nordstrom has broken ground on a fulfillment center at Conewago Industrial Park in Elizabethtown, Pa. It will be the company’s third fulfillment center. The 672,000-sq.-ft. building, with a 470,000-sq.-ft. mezzanine, is scheduled to open in summer 2015.

    In its first three years, the new center will create nearly 400 full-time positions and additional opportunities for part-time and seasonal jobs. Looking ahead, Nordstrom expects to increase staffing to 700 full-time positions or more.

  • Simon names Mills’ eastern region marketing director

    Chevy Chase, Md. — Simon Property Group has promoted Sean Mayo, former director of strategic partnerships for Simon Business Ventures, to regional director of marketing, east region of The Mills portfolio.

  • Chute Gerdeman opens New York office

    New York -- Chute Gerdeman, a global strategic brand and design firm, has opened an office in New York City.

    “Our clients increasingly have sought our presence in New York,” said Chute Gerdeman chairman Denny Gerdeman. “As our business and client base have grown and evolved, having a base in this retail hub became a clear necessity.”

  • Macy’s opens pop-up NFL Super Bowl Shop in Herald Square

    New York – Macy’s opened the exclusive NFL Shop at Super Bowl on the fourth floor of its flagship Herald Square in New York City on Sunday, Jan. 19. Macy’s will keep the 36,000-sq.-ft. space open through Tuesday, Feb. 4.

  • Sembler/Forge fund acquire Raleigh, N.C., center

    St. Petersburg, Fla. — Forge Real Estate Partners III, co-sponsored by the Sembler Company and Forge Capital, has formed a joint venture with East Coast Acquisitions and acquired Tarrymore Square in North Raleigh, N.C.

    Tarrymore Square is a 256,805-sq.-ft. shopping center with a 65% occupancy rate. Existing tenants include Walgreens, Rugged Warehouse, Surplus Warehouse, Rainbow Fashions, Rent-A-Center and Miller-Motte Technical College.

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