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Deals

  • Perrin Paris to open at the Carlyle Hotel

    New York City -- Prudential Douglas Elliman's Retail Group said it has arranged the first New York flagship for Perrin Paris at the Carlyle Hotel on Madison Avenue between 76th- and 77th Streets.

    The House of Perrin is renowned for its elegant and timeless leather gloves, handbags and accessories, often composed of such unique and exotic skins as crocodile, python and more. Neighboring boutiques in the Carlyle Hotel include Vera Wang, Stubb & Wootton and Yves Delorme Linens.
     

  • Villa Capri Ristorante to open at Twin Peaks

    Poway, Calif. -- Jacksonville, Fla.-based Regency Centers said that Villa Capri Ristorante has leased restaurant space at Twin Peaks shopping center, located in Poway, Calif.

    The 2,570-sq.-ft. restaurant is slated to open in January 2012, bringing the center to 98% leased.

    Twin Peaks is a 198,139-sq.-ft. shopping center home to several national and regional retailers such as Target, Albertsons, Starbucks and Subway.

  • Primestor acquires 4G Plaza

    Las Vegas -- In the latest acquisition for its Primestor-Platinum Urban Opportunity Fund I, LP, Primestor Development has acquired 4G Plaza, a neighborhood shopping center in Las Vegas, for $8.8 million.

    Purchased from 4G Properties LLC, the 78,849-sq.-ft. center is anchored by El Super and shadow-anchored by The Home Depot. It is 93% leased. Other tenants include Wells Fargo, Taco Bell, Big 5 Sporting Goods and Sprint.

  • Douglas Development names leasing director

    Washington, D.C. -- Douglas Development Corp. announced that Joe Ruzecki has joined the real estate company as the new director of leasing.

    Most recently, Ruzecki served as senior VP with CB Richard Ellis in Baltimore.
     

  • Sabre Real Estate names VP

    Garden City, N.J. -- Sabre Real Estate Group said that Anthony Russo has joined the New York metropolitan area’s newest retail real estate brokerage, Sabre Realty Group LLC, as VP.

    Russo began his career with Bagnato Realty Services, now called NAI Long Island.
     

  • DLC signs four new anchor leases

    Tarrytown, N.Y. -- DLC Management Corp. said Tuesday that it has executed four new anchor deals over the last three-month period.

    In Jonesboro, Ga., PJS Market will open an 80,160-sq.-ft. retail mini-mall at Tara Crossing Shopping Center, in a space vacated just four months earlier. This is PJS Market’s second location in Metro Atlanta and is expected to open by the end of the year.

  • Athleta makes Philadelphia-area debut

    Philadelphia -- Metro Commercial Real Estate said that Athleta has opened its first store in the Philadelphia area at 1722 Walnut Street in the heart of Center City. 

    The 4,000-sq.-ft. store, which is a division of Gap Inc., opened on Nov. 9. Kaiserman Cos. is the landlord of 1722 Walnut Street, a strip of high-end retail along Philadelphia’s Rittenhouse Row.
     

  • Present Value Properties negotiates six Menchie's leases in California

    Tustin, Calif. -- Present Value Properties said it has represented Menchie's in six California lease transactions for the frozen yogurt purveyor.

    A Menchie's franchisee signed a five-year lease for 1,637 sq. ft. in Orange, in a center anchored by Petco and Michaels. Menchie's will open in first quarter 2012.

    In Whittier, Menchie’s will open a 1,250-sq.-ft. shop at Santa Fe Springs Plaza in early 2012. The center is anchored by Food For Less, and is currently undergoing a remodel.

  • Platypus to open at the Streets of Chester

    Woodbridge, N.J. -- Fameco Real Estate announced that Platypus Custom Home Furnishings has signed a 5,005-sq.-ft. lease at the Streets of Chester, in Chester, N.J. 

    The Streets of Chester is a 104,682-sq.-ft. lifestyle center tenanted by Chico’s, White House Black Market, Coldwater Creek and the Gap.

    This newest location is Platypus’s fifth.
     

  • A Look Ahead to ICSC New York Deal-Making

    As the International Council of Shopping Centers’ New York Deal-Making Conference in New York City quickly approaches, it seems appropriate to zero in on the world’s No. 1 retailing market. Chain Store Age talked with Ivan Friedman, president and CEO of New York City-based RCS Real Estate Advisors about the Dec. 5-6 conference, and the state of retail in the Big Apple and its surrounding region.

    What are your thoughts on the upcoming NY ICSC show?

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