Deals

New York — Luxury apparel retailer 3.1 Phillip Lim has leased a 5,800-sq.-ft. store at 48 Jones Street in New York City’s Bowery district. The space includes a 3,500-sq.-ft. ground floor and a lower level with 2,300 sq. ft. The store is expected to open in the first quarter of 2014. 3.1 Phillip Lim also has a store in SoHo on Mercer Street as well as a third U.S. location in Los Angeles.

In the transaction, RKF www.rkf.com represented the landlord, 48 Tenant’s Corp., and Town Real Estate represented 3.1 Phillip Lim.

Riverside, Calif. — University Village Shopping Center in Riverside, Calif., has inked five-year leases with three new tenants, according to NewMark Merrill Companies.

• Amazon Toner, which refills ink and toner cartridges for 30% to 50% below retail, has taken 1,355 sq. ft.
• House of Beauty has leased 1,866 sq. ft.
• UC Bakery has signed a five-year lease for 1,433 sq. ft.

University Center is a 178,020-sq.-ft. outdoor community center anchored by Regency Theatres.

Chicago — Jones Lang LaSalle Retail has announces five new retail assignments. They are:

• Tenant representation services for Pure Barre, a growing fitness franchise.

• Leasing and management for the 802,275-sq.-ft. Coventry mall in Pennsylvania.

• Leasing assignment for an 11-building 817,000-sq.-ft. portfolio of strip centers in SoCal.

• Leasing for a 12-building, 165,100-sq.-ft. portfolio of street-level retail space in New York City on behalf of Equity Residential Management.

New York — eShave, the Long Island City-based shaving products and services company, has leased its first Upper East Side storefront at 1025 Third Avenue between 60th and 61st Streets. The space is across the street from Bloomingdale’s.

Winick Realty Group represented eShave in the transaction, while the landlord, Mall Properties, was represented in-house.
 

Charlotte, N.C. — Divaris Real Estate has arranged two leases totaling approximately 9,000 sq. ft. of retail space at the Westfield Eastridge Mall in Gastonia, N.C. Divaris represented the landlord, WEA Eastridge LP.

Los Arcos, a family owned Mexican restaurant, leased a 6,183-sq.-ft. outparcel building. Creations, a gift card shop, renewed its lease for 2,669 sq. ft.

Belk, J.C. Penney, Sears and Dillard’s anchor the mall, which is leased exclusively by Divaris.

Chesterfield, Mo. — Simon Property Group has announced the opening of Phase I of St. Louis Premium Outlets in Chesterfield, Mo., a suburb of St. Louis.

The 350,000-sq.-ft. Phase I features 90 outlets and is 100% leased. Designer and name branded outlet shops include Armani, Kate Spade New York, Michael Kors, Nike, Saks Fifth Avenue Off 5th and Under Armour.

The center is a joint venture between Simon Property Group and Woodmont Outlets, an affiliate of The Woodmont Company, a retail shopping center developer and operator.

Jacksonville, Fla. — Madison Hawk will conduct a real estate auction on Sept. 18 for a free standing retail building just east of downtown Jacksonville, Fla. The building is part of a Chapter 11 bankruptcy proceeding.

Located at 1220 University Avenue, the 1.72-acre property contains a 15,070-sq.-ft. Walgreens Pharmacy that generates about $302,000 in net income annually. The Walgreens Co. lease is Double Net (NN) with the initial term running through 2019.

Roanoke, Va. — PetSmart has leased 17,168 sq. ft. at he Hunting Hills Shopping Center in Roanoke, Va. Divaris Real Estate and Metro Commercial represented PetSmart in the transaction.

DRE is the exclusive tenant representative for PetSmart in Virginia and Metro Commercial is the national tenant representative for PetSmart.