REAL ESTATE

  • Dick’s Sporting Goods opens new Missouri store Nov. 1

    Pittsburgh – Dick’s Sporting Goods is opening a new store in Osage Beach, Mo., on Nov. 1. The Osage beach location will be the retailer's 12th store in the state of Missouri and its 551st nationwide.

    “We look forward to opening our new Dick's Sporting Goods in Osage Beach, becoming part of the community and serving athletes of all ages by providing them the equipment they need to excel," said Lauren Hobart, senior VP & chief marketing officer, Dick’s Sporting Goods.

     

  • Sports Authority makes Puerto Rico debut with new format

    Englewood, Col. -- Sports Authority has debuted a new format at its first-ever store in Puerto Rico. The store, in Ponce, opened on Oct.19.

    The 35,000-sq.-ft. location features an “intuitive” that makes it easier than ever for customers to find exactly what they need, the retailer said. With specialty sport shops and a spacious new layout, the store was designed specifically to enhance the shopping experience.

  • Fifth Manhattan Westside Market to open in East Village

    New York — Representing the landlord, RKF has arranged an 18,817-sq.-ft. lease with family-owned grocer Westside Market at 84 Third Avenue in Manhattan’s East Village. When the new grocery opens next summer, it will become the fifth Westside Market location in Manhattan.

    The new Westside Market will span 10,500 sq. ft. on the ground level, with the remaining space in the lower level. Newmark Grubb Knight Frank Retail represented the Westside Market in the transaction.

  • Mid-America Sells Indianapolis Family Dollar

    Indianapolis — Mid-America Real Estate Corp.’s Net Lease Investment Group recently brokered the sale of an 8,320-sq.-ft. Family Dollar in Indianapolis. An investment fund in Texas purchased the property from a private developer for $1.142 million, which is a 7.5% cap rate. The building is leased to Family dollar for 10 years.

    The newly constructed Family Dollar is in the Lawrence Commons shopping center anchored by LA Fitness.

  • CBRE closes grocery-anchored center sale in Austin

    Austin, Texas CBRE’s National Retail Investment Group has announced the sale of The Market at Parmer Lane on behalf of LPC Retail, a division of Dallas-based Lincoln Property Company. The buyer is a Texas-based private real estate fund advised by Crow Holdings Capital Partners. Terms were undisclosed.

    H-E-B Grocery anchors the 122,349-sq.-ft. center, which is 93.3% occupied.

     

  • Maison Birks plans first China store

    Montreal - Canadian jewelry retailer Maison Birks is opening its first store in China, located at Xanadu Plaza in the Central Business District of Beijing, in early 2014.

  • Dick’s Sporting Goods sets openings of two new locations

    Pittsburgh -- Dick's Sporting Goods announced the openings of two new stores, one in Kentucky, and its first ever in the state of Wyoming.

    The retailer said it will open a store in Casper, Wy., on Oct. 25 at the Eastridge Mall. Also on Oct. 25, Dick’s will open at Gary Farms, Bowling Green, Ky.

    The Bowling Green location will be the retailer's ninth store in the state of Kentucky and its 544th nationwide. 
     

  • Ricky’s NYC tests new markets with Halloween pop-ups

    New York — Ricky’s Halloween, backed by Ricky’s NYC, a 23-year-old brand of ultra-hip beauty shops, has leased new pop-up locations for its Halloween retail stores in the Financial District and West Chelsea. The Winick Realty Group represented Ricky’s in those transactions.

    Those two leases bring Ricky’s Halloween pop-up locations — which also merchandise products from its year-round stores — to 17.

  • Mansour closes a Walgreens sale in Minnesota

    Sauk Rapids, Minn. — The Mansour Group www.themansourgroup.com has closed on the sale of a Walgreens in Sauk rapids, Minn., in the St. Cloud metropolitan area, for $10.9 million.

    Mansour had the exclusive listing to market the property on behalf of the seller, a developer in Houston. The property generated multiple offers and sold to a 1031 California investor who needed a premium investment to meet the exchange needs.

  • Charter Realty and Regency acquire Fellsway Plaza

    Medford, Mass. — A joint venture between Charter Realty & Development Corp. and Regency Centers Corporation has acquired Fellsway Plaza in Medford, Mass. The joint venture acquired the 150,000-sq.-ft. neighborhood center, anchored by a recently constructed Stop & Shop, from Berenson Associates of Boston. PNC Bank provided permanent and development financing. Commercial Property Group represented the joint venture in the transaction.

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