REAL ESTATE

  • Conn’s opens HomePlus stores in Arizona, Texas

    The Woodlands, Texas -- Conn’s has opened two new HomePlus stores in Scottsdale, Ariz., and Laredo, Texas. The new Conn’s HomePlus store format showcases furniture and mattresses in addition to consumer electronics and home appliances.

    Conn’s currently operates more than 70 retail locations in Texas, Louisiana, Arizona, Oklahoma and New Mexico.

  • Renaissance Place and City seek use for former Saks

    Highland Park, Ill. — Executives with Renaissance Place are working with officials from the City of Highland Park, Ill., to identify the best use for a 49,000-sq.-ft. building that Saks vacated at the close of 2012.

    One possible use is healthcare, which may involve interventional cardiology, MRI/radiology and other outpatient services. The Renaissance Place team is also considering national, regional and local retailers.

  • Farmers market, salon to Deerfield, Ill., center

    Deerfield, Ill. — Fresh Thyme Farmers Market and Studio A Salon have taken space at Cadwell’s Corners in Deerfield, Ill., a northern suburb of Chicago. Mid-America Asset Management Inc. represented the shopping center in the transaction.

  • Milan Capital buys Simi Valley shopping center

    Simi Valley, Calif. — Milan Capital Management has acquired the Smart & Final Center in Simi Valley, Calif., for $16.9 million — $170 per square foot Marcus & Millichap Real Estate Investment Services represented Milan Capital and the seller, who had owned the property for 45 years.

  • Old Navy signs into Orange Plaza in Middletown, N.Y.

    Purchase, N.Y. — Old Navy has taken a 13,500-sq.-ft. space in Orange Plaza, an 815,000-sq.-ft. power center in Middletown, N.Y., according to National Realty & Development Corp.

    A Wal-Mart Supercenter, Kohl’s Department Store, Burlington Coat Factory, Marshalls, Bed Bath & Beyond and The Home Depot anchor the center. Orange Plaza draws shoppers from a 25-mile circle including the Hudson Valley and areas in Pennsylvania and New Jersey.

  • European Wax Center inks Tribeca lease

    New York — European Wax Center has signed a lease for 1,650 sq. ft. of ground floor retail space at 95 Chambers Street/75 Reade Street between Broadway and Church in Tribeca, according to Winick Realty Group, the broker representing both the retailer and the landlord, Ascend Group, in the transaction.  

    Winick also represented Reade Street Prep in a lease transaction for a 3,600-sq.-ft. expansion space on the 75 Reade Street side of the building.

  • Konover South buys back Florida retail portfolio

    Deerfield Beach, Fla. — Konover South has bought back a portfolio of nine Florida retail shopping centers valued at more than $100 million. Konover had previously sold a share of the portfolio to an institutional investment partner. The buy-back returns complete ownership to Konover, which developed or redeveloped the properties over the years.

    Peoples United Bank provided $75 million of new permanent financing for the transaction.

  • Four retailers ink leases for Virginia locations

    Virginia Beach, Va. — Dollar General, Lily’s As Seen on TV, Sunrise Pizzeria and General Nutrition Corporation have all signed leases for retail space in Virginia, according to Divaris Real Estate, which represented the shopping centers in the transactions.

    Dollar General renewed its lease for 6,720 sq. ft. in the Divaris-leased and –managed Glenwood Shoppes in Norfolk.

  • Online high-end candy retailer Sugarfina makes brick-and-mortar debut

    Los Angeles -- Online high-end candy retailer Sugarfina has opened its first-ever store, a 1,400-sq.-ft. boutique in Los Angeles. The brand is known for its signature turquoise Bento Boxes, a luxurious candy gift box, and such “cocktail” candies as Champagne Gummy Bears, Cuba Libre (spiced rum and coke gummies) and Peach Bellini Gummies.

  • Victoria’s Secret opens beauty store in LAX Airport

    East Rutherford, N.J. -- Victoria’s Secret, in partnership with travel retailer Hudson Group, has opened a new beauty & accessories store in Los Angeles International Airport's Tom Bradley International Terminal (TBIT).
    The store has a sophisticated storefront, while the interior features upscale elements like black-cherry fixtures and eye-catching focal walls. The interior includes a gallery of iconic black and white images and a video wall that broadcasts footage of the Victoria's Secret Angels.

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