Development/Redevelopment

Tarrytown, N.Y. -- DLC Management Corp. announced the promotions of key members including the promotion of Daniel Taub to president. The company recognizes that human capital is its most important asset when it comes to success, developing its people and promoting from within are core business practices.

Newark, Del. -- Atlantic Realty Companies announced Main Street Movies 5 has signed an 18,000 sq. ft. lease at Newark Shopping Center in Newark, Delaware.

Main Street will invest $3 million in a full-scale renovation of the existing theater space and expand into the adjacent space. Construction is set to begin in February with a grand opening in August.

Highland Village, Texas -- Trademark Property Corp., the operating partner for The Shops at Highland Village located in Highland Village, Texas, announced Torchy’s Tacos has signed a lease for 5,262 sq. ft. at the recently renovated shopping center. In addition, Runway Seven’s flagship store will relocate this spring to a larger space.

Athletic wear giant Under Armour plans to open some 200 store in 2016, according to The Street. While the brand did not comment, the report said the expansion would likely include a mixture of store types, including outlet locations, “Brand House” stores, (the company’s full-price, experiential format) and in-store shops. [The Street]

City Furniture is opening a new Ashley Furniture HomeStore at the Mall at Wellington Green, Wellington, Florida., and rolling out a new design look for its Pembroke Pines City Furniture showroom in Pembroke Pines, Florida. (City Furniture is the Southeast and Southwest Florida licensee for Ashley Furniture HomeStores.)

Troutdale, Ore. -- Time Equities announced the expansion of its Northwest portfolio with the acquisition of Columbia Gorge Premium Outlets, located in Troutdale, Oregon for $28,425,000.

Oakbrook, Illinois -- Retail Properties of America announced that it has acquired two-properties to add to its portfolio, which include Merrifield Town Center II and Shoppes at Hagerstown, both located in the greater Washington, D.C./Baltimore area. The properties were acquired through an off-market transaction, on an unencumbered basis, for a combined purchase price of $72.7 million.

Fort Worth, Texas -- Trademark Property Co. announced Phil Pearson has joined the firm as VP of leasing. A 30-year industry veteran, Pearson will help manage multiple leasing projects for Trademark. Pearson will work with potential tenants, development partners and construction representatives to coordinate the entire leasing process. He will create and maintain relationships with national retailers, restaurants, brokers and consultants.

Farmingdale, New York -- Kimco Realty Corp. announced that Stew Leonard’s has opened its newest location at Airport Plaza shopping center in Farmingdale, New York. The new 60,000 sq. ft. store will be located across from the existing Stew Leonard’s Wines of Farmingdale store.

The Farmingdale location is home to Stew Leonard’s fifth store and first grocery store location on Long Island.

PGA Tour Superstore continues to broaden its footprint with its first store in Utah.

The retailer announced it will open a 25,000-sq.-ft. store in Sandy, Utah, in April. The Sandy store, which will feature four state-of-the-art simulators, four practice hitting bays and an expansive putting green measuring more than 750 sq. ft., is the first of five new store locations the company has announced for 2016.