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Deals

  • Zero Halliburton Luggage to open on Madison Avenue

    New York -- Cushman & Wakefield said Wednesday it represented Zero Halliburton Luggage in a lease for 3,900 sq. ft. of ground-floor retail space at 300 Madison Avenue.

    Zero Halliburton leased the space for a 10-year term at the 35-story Midtown East skyscraper, which is located at the southwest corner of 42nd Street and Madison Avenue. The 1.1 million-sq.-ft. office property is owned by CIBC/Brookfield Properties.

     

  • CHUCKiES expands with new location on Upper East Side

    New York -- RKF said WeNew York -- RKF said Wednesday it has arranged a 1,200-sq.-ft. lease with shoe retailer CHUCKiES at 1052 Lexington Avenue on Manhattan’s Upper East Side.

    This will become CHUCKiES’ third location in Manhattan, all on the Upper East Side. The new store will sit between 74th and 75th Streets along the western side of Lexington Avenue.
     
    The new CHUCKiES will occupy 800 sq. ft. on ground floor of the building, as well as 400 sq. ft. of space in the basement.

  • Jones Lang LaSalle closes sale of Miracle Marketplace

    Miami -- Jones Lang LaSalle’s Capital Markets experts announced Tuesday the firm has closed the sale of Miracle Marketplace in Miami on behalf of AWE Talisman.  

    Heitman purchased the power center, which is located in the Coral Way submarket. The 243,047-sq.-ft., seven-story Class A vertical retail property is located along the Miracle Mile/Coral Way and is anchored by Nordstrom Rack, Ben Bath & Beyond, Marshalls, LA Fitness, PetSmart, DSW Shoe Warehouse and Ulta.

     

  • RKF completes retail leasing assignment at The Mark Hotel

    New York -- RKF said Tuesday it has completed the leasing assignment at the base of The Mark Hotel at 992-998 Madison Avenue on behalf of ownership Alexico Group.

    All of the hotel’s ground-floor retail space, which is located on Madison Avenue and 77th Street, is now leased.

    RKF was responsible for leases with Zadig et Voltaire, Jack Vartanian, Punto Ottico, Phoenix Roze and, more recently, 25 Park. These tenants joined Frederic Fekkai Salon, The Mark Restaurant by Jean-Georges, John Lobb and Sant Ambroeus at the property.

  • Venture completes leases for seven Best Buy Mobiles

    San Antonio, Texas -- Dallas-based Venture Commercial said Tuesday it has completed seven leases in the San Antonio market for Best Buy Mobile stores. Six of the stores, ranging in size from 1,500 sq. ft. to 4,500 sq. ft., opened in 2012 and the seventh is expected to open in 2013.

  • Cole Real Estate executes 1.7 million sq. ft. in retail leases in 2012

    Phoenix -- Cole Real Estate Investments announced it executed leases totaling 1,658,000 sq. ft. at Cole-related properties throughout 2012.  

    The transactions included 390,000 sq. ft. of new leases and 1,268,000 sq. ft. of lease renewals, bringing Cole’s multi-tenant retail property occupancy rate to 97.7%.

  • Home Depot Center to potentially be renamed

    Carson, Calif. -- A Friday report by the Associated Press said that the home of Los Angeles’ professional soccer team will likely be getting a new name.

    The Home Depot Center, which also includes facilities for tennis, track and field, baseball, basketball and other sports, as well as serves as an official training site for U.S. Olympians, is nearing the end of the $70 million, 10-year naming rights period, and Home Depot spokeswoman Jean Niemi told AP that the retailer does not plan to renew the deal.

  • Study: Munich and Berlin top European commercial real estate investment prospects

    London -- Three cities in Germany are ranked the top five European markets for commercial real estate investment, according to a report by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).

    Munich took the top spot in the report, “Emerging Trends in Real Estate Europe 2013,” followed by Berlin, London, Istanbul and Hamburg. The ranking of 27 cities across Europe was based on respondents’ expectations for market performance in 2013.

  • Walmart to expand presence at Berlin Mall

    Berlin, Vt. -- Berlin Mall LLC announced it has cleared the last two permitting hurdles to begin an 18,700-sq.-ft. expansion of The Berlin Mall, located in Berlin, Vt. The expansion is part of a planned increase in the size of its Walmart anchor store, which will also expand into existing, adjoining retail space at the mall
         
    Construction is slated to start spring 2013.
     

  • Office Depot to open at Lincoln Square Shopping Center

    Arlington, Texas -- Transwestern announced Tuesday that it has negotiated a new 9,994-sq.-ft. lease for Office Depot at Lincoln Square Shopping Center, located in Arlington, Texas.

    The office supply retailer will open its smaller-footprint store – a 10,000-sq.-ft. prototype, downsized from the standard 20,000-sq.-ft. format.

    Lincoln Square Shopping Center is a lifestyle shopping and dining center in North Arlington’s Entertainment District.

     

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