Deals

Indianpolis -- Simon Property Group and McArthurGlen Group announced an agreement to form a joint venture through which SPG will invest in McArthurGlen, the leader in upscale, European designer outlets. 

Under the agreement, SPG will acquire an ownership interest in six properties and will also become a partner in McArthurGlen's property management and development company.  Included assets are in Austria, Italy, the Netherlands, the United Kingdom and Canada.

Irvine, Calif. -- KTGY Group announced that Hutton Cos. has launched construction on La Verne Village, a 172-unit mixed-use residential and retail community in La Verne, Calif., located in the San Gabriel Valley, east of Los Angeles.

Situated on the site of a former automobile dealership on 7.69 acres, the La Verne Village luxury apartment homes are integrated within the village-center court, complete with more than 15,000 sq. ft. of integrated retail shopping and dining.

Albany, Ore. -- Vintage Real Estate said that it has signed a lease with Hobby Lobby for a 61,000-sq.-ft. store at the Heritage Mall, marking the arts-and-crafts retailer’s first location in Oregon.

Hobby Lobby will be located in a former Gottschalks space.  It is expected to open in the first quarter of 2014. “Our ability to quickly fill this long-vacant space is a major step in the execution of our renovation and repositioning plans for Heritage Mall,” said general manager Betsy Penson.

New York -- Elixir Juice Bar has leased two more stores in Manhattan, according to Winick Realty Group, which represented the brand in both of its recent New York leases.

Elixir will occupy 70 Greenwich Avenue, located between Seventh Avenue South and Sixth Avenue in the heart of the West Village. Elixir has also leased a location in the Upper East Side. The 500-sq.-ft. store is located at 1371 Third Avenue, between 78th and 79th Streets.

Milwaukee -- Chicago-based HSA Commercial joined leaders from the City of Wauwatosa to celebrate the groundbreaking of Phase I of The Mayfair Collection, a large-scale, mixed-use development at Highway 45 and Burleigh Street in suburban Milwaukee.

Phase I of the project will consist of adaptively repurposing functionally obsolete warehouse buildings along Highway 45 into new, contemporary retail environments.

Dallas -- SRS Real Estate Partners said that Townsand Cropsey has joined the firm as senior associate in the Newport Beach office.

Cropsey will focus on tenant representation and investment services.



The company also announced that Katie Carlisle has been named an associate in the Austin office. Carlisle is actively involved in project leasing and tenant representation with a focus on development. She comes to SRS from The Retail Connection.

Queens, N.Y. -- Onex Real Estate Partners announced its latest lease deal for The Shops at Sky View Center, as fashion boutique Limited Editions For Her will open a 4,000-sq.-ft. store at the Flushing, Queens center.

The store will be located across from Old Navy on Level D and is slated to open in June. “Obtaining a retail space at The Shops at SkyView Center is the perfect vehicle for Limited Editions For Her to continue its New York expansion and broaden its customer base,” said Brad Guth, VP retail for Limited Editions For Her.

Washington, D.C. -- Douglas Development said it has teamed with CBRE on a new boutique office and retail project in Washington, D.C.’s Penn Quarter neighborhood.

The 11-story office building will occupy approximately 93,000 sq. ft., and include 7,000 sq. ft. of ground-floor retail space. The building will offer two floors of below grade parking, outdoor terraces, and a terracotta façade.