Deals

Peoria, Ill. -- Cullinan Properties is relocating its corporate headquarters. Cullinan Properties has purchased 18,320-sq.-ft. of space at GEM Terrace Office Condominiums in East Peoria, Illinois from EM Properties. The entire building is 26,000-sq.-ft. and features steel-frame construction and a glass-curtain wall exterior.    Other occupants of the building include Heritage Bank, Validus Technologies, Legacy Investments Services and Consociate Dansig Group. 

New York –- Independent real estate firm RKF has arranged a 9,100-sq.-ft. lease for True Religion, a retailer of denim and denim-related sportswear, in the SoHo neighborhood of New York. Acting on behalf of the landlord, 513 Broadway LLC, RKF executive VP Ariel Schuster negotiated the transaction, offering 2,900 sq. ft. on the ground floor, plus two levels below totaling 6,200 sq. ft.   

Dallas -– Specialty sports retailer Rally House has signed a 10-year lease for a 6,200-sq.-ft. store location at Old Town Shopping Center in Dallas. Westwood Financial Corp. (WFC), a privately held owner-operators of U.S. retail properties, operates the center.  

Dallas –- Bar Louie will open its newest location at the Shops at Park Lane in Dallas. Bar Louie will occupy the 7,332-sq.-ft. former Park Tavern space and open mid-November.   UCR’s Stan Lotridge represented the tenant, BL Restaurant Operations, and UCR’s Ashley O’Malley represented the landlord, Northwood Retail.  

Dallas - UCR Dallas, a retail real estate services provider, has named Elizabeth Nabholtz Allen as VP who will specialize in retail project leasing. Allen has extensive experience in property representation. Prior to joining UCR, Elizabeth was the director of leasing for RioCan Real Estate Investment Trust for Texas, where she directed leasing for more than 5 million sq. ft.  

Denver -– Legend Retail Group a provider of representation of retail tenants and landlords throughout the Denver metro area, has added a component to the firm’s list of client services: Legend Investment Group.    

Atlanta –- Commercial real estate services firm Avison Young has completed the $7.06 million sale of Lindbergh Crossing, a 27,057-sq.-ft., fully-leased shopping center in Atlanta. The team enabled the seller, Lindbergh Crossing, LLC, to harvest a significant gain on the property within a relatively short holding period.  

Philadelphia -- Century 21 Department Store is opening an approximately 95,000-sq.-ft. anchor store at The Gallery shopping center in Philadelphia on Tuesday, Oct. 28. This will be New York-based Century 21’s first location outside the New York market.