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Deals

  • RMC named to lease Shoppes at Glen Lakes in Weeki Wachee, Fla.

    Tampa, Fla. — Global Realty and Management has appointed RMC Property Group the exclusive leasing agent for its Shoppes at Glen Lakes, a 66,600-sq.-ft. retail shopping center located on U.S. 19 in Weeki Wachee, Fla.

  • Robert Graham to open new store in Dallas

    New York -- Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in NorthPark Center in Dallas. The store will carry the complete range of Robert Graham, including men's sportswear, premium denim, furnishings, accessories, outerwear, newly launched footwear collection and women's sportswear.

    NorthPark Center features a unique backdrop of art, architecture and landscaping for the enjoyment of its discerning customers. The Robert Graham store will open in late Spring 2014.

  • Divaris arranges three lease signings in Richmond area

    Virginia Beach, Va. — Divaris Real Estate has announced the signing of two new leases for a combined 7,700 sq. ft. and one lease renewal for 3,612 sq. ft. in the greater Richmond area.

    Sherwin Williams signed a new lease for 6,000 sq. ft. of retail space in the Town Hall Shopping Center in Colonial Heights, Va. DRE’s Richmond office represented the tenant in the transaction.

  • Caruso appoints chief marketing and communications officer

    Los AngelesCaruso Affiliated has appointed Judy Johnson to the newly created post of chief marketing and communications officer. In her new role, Johnson will support the company’s expanding portfolio of projects throughout California and oversee marketing, public relations, strategic alliances and entertainment initiatives.

  • Johnny Rockets opens new restaurant in Kuwait

    Aliso Viejo, Calif. -- Continuing its opening march through Kuwait, Johnny Rockets has opened a new restaurant at the Divonne Restaurant Complex in Kuwait City.

    Franchisee Haidar Al-Naqeeb is expanding the American chain in the Arabian Gulf; his first unit opened in December 1995 at Salem Al-Mabarak in Salmiyah, Kuwait.  Since that time, he's grown his portfolio to now include over a dozen franchises in Kuwait, as well as Saudi Arabia, Qatar and Bahrain with additional openings planned.

  • Simon taps JLL to lease one million square feet

    Chicago — Simon Property Group has awarded the leasing assignment for a trio of shopping centers totaling more than one million sq. ft. to JLL. Each is located at prime intersections in the southern suburbs of Chicago. They include:

    Country Side Plaza in Countryside, Ill. Anchored by Home Depot and Value City Furniture, the 400,000-sq.-ft. center has junio anchor and small shop space available.

  • CBRE arranges equity for San Francisco development

    San Francisco — CBRE has introduced AIG Global Real Estate to Associated Estates Realty Corp. The two companies have formed a 50:50 joint venture partnership to develop a 3.36-acre mixed-use project at 8th and Harrison in San Francisco, Calif. The project will be known as 350 Eighth.

    Located in the South of Market or SoMa neighborhood of San Francisco, 350 Eighth will consist of 410 rental apartment homes and 40,000 sq. ft. of office and retail space. Site work has begun and first occupancy is scheduled for fourth quarter 2015.

  • Cedar buys Quartermaster Plaza in Philadelphia

    Port Washington, N.Y. — Cedar Realty Trust has completed the acquisition of Quartermaster Plaza in Philadelphia. The 456,000-sq.-ft. grocery-anchored shopping center is 98% occupied and anchored by a BJ’s Wholesale Club.

    Cedar acquired the center for $92.3 million, including the assumption of $53.4 million of fixed rate debt. The company expects ultimately to fund deal with proceeds anticipated from asset sales. Pending those sales, Cedar will use it existing credit facility.

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