Corporate Governance

Orlando, Fla. -- JLL continues to build its retail brokerage practice in Florida with the addition of Andrew Dieringer, Terrence Hart and Brandon Delanois. The trio bring more than 40 years of retail agency leasing and tenant representation experience to the team, and will be based in the firm’s Orlando office. Together, they will partner with John Lambert, Florida Retail Market Lead for JLL, and Justin Greider, VP of JLL, to help investors achieve their asset goals and work with retailers to identify and secure optimal new locations.

San Antonio, Texas - Tryperion Partners, a private real estate investment firm, has acquired Gateway Plaza, a 97% occupied, 138,510-sq.-ft. community shopping center anchored by Burlington Coat Factory that is located in San Antonio’s burgeoning metropolitan area. The acquisition, which is Tryperion’s second of a San Antonio REO property in less than a year, includes additional land for future development.
 

Harrisburg, Pa. -- The Shoppes at Susquehanna Marketplace, in Susquehanna Township, Pennsylvania, is celebrating its 10th anniversary by adding dining, spa services and two in-demand retailers, announced The Shoppes’ owner and developer, Stanbery Development.

Tampa, Fla. -- Hyde Park Village and Art Production Fund will present a public installation by Jessica Craig-Martin, consisting of 46 banners on display at the Tampa luxury retail locale. These public art works will be the first in a series of outdoor exhibitions, and will be on view at Hyde Park Village beginning Sept. 19.

Peoria, Ill. -- Cullinan Properties announced that Prasino Restaurant at the Streets of St. Charles near St. Louis is in the process of securing new ownership by a group of investors.

Prasino opened at the Streets of St. Charles on April 22, 2013, and has been listed as “The Best New Restaurants in St. Louis” and awarded “A-List Breakfast Winner” for its Paris Benedict, by St. Louis Magazine.

Chicago -- Mid-America Real Estate Corporation has recently been retained as an agent on behalf of Yoga Six during its multiple store roll-out in the Chicago area.

Yoga Six has signed two new leases in the Chicago area. The retailer signed on for 6,626 sq. ft. at 1150 North State in Gold Coast and 6,028 sq. ft. at Roosevelt Collection in South Loop. The yoga studio currently has one location in Lincoln Park and plans to open five stores in the Chicago area by 2015.

Chicago -- JLL has bolstered its tenant representation practice with the addition of Jason Press as VP in the firm’s Chicago office, working on the team lead by executive VP Lew Kornberg.

Press joins JLL with more than 15 years of real estate experience facilitating hundreds of transactions valued in excess of $500 million. Prior to JLL, he co-founded North Park Properties to acquire investment properties in the Chicagoland area.

Roseville, Minn. -- JLL Retail announced the firm has been retained to manage Rosedale Square, a 160,000-sq.-ft. upscale, grocery-anchored strip center in Roseville, Minnesota.

The property’s is currently 94% occupied.

One retail category that’s been fascinating to watch evolve over the last several years is the women’s athletic apparel segment. Judging by the number of times reporters have asked me about women’s athletic apparel retailers in the last few months, I’m not the only one who thinks so.

Tewksbury, Mass. – In what should mark the end of a six-week standoff that began July 18, Arthur T. Demoulas, who was fired by his cousin Arthur S. Demoulas as CEO of the Market Basket supermarket chain in June, has agreed to buy the company for $1.5 billion. Since Friday, July 18, many Market Basket employees and customers have staged a boycott, dramatically slowing down business at the company’s 71 stores in Massachusetts, New Hampshire and Maine.