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Development/Redevelopment

  • Final anchor to open in Port Arthur redevelopment project

    Baker Katz announced that the 90,000 sq. ft. multi-tenant center redevelopment project in Port Arthur, Texas is complete with the opening of PetSmart.

    The former Sutherlands Hardware was transformed into a multi-tenant retail center with the addition of national anchor tenants, including Hobby Lobby, PetSmart and Party City. Chipotle, Firehouse Subs and Gulfside Dental, are scheduled to open by early 2016, will occupy a 7,000 sq. ft. building in the foreground of the project.

  • Saks Off 5th continuing Canadian expansion

    Saks Fifth Avenue Off 5th is making progress in its plans to open up to 25 locations across Canada by 2018.

    The retailer announced three new locations in Canada: Toronto Premium Outlets, Halton Hills, Ontario; Rideau Street, Ottawa, Ontario; and Premium Outlets Montreal, Mirabel, Quebec City.

  • Partnership acquires pair of grocery-anchored centers in same-day transaction

    X Team International announced that Mountain West Retail and Investment and Newmark Grubb ACRES completed sales of two grocery-anchored properties same-day.

    Canyon Center, a 51,914-sq.-ft. property in Sandy, Utah, is anchored by Smith’s and Shopko; the seller was Dee’s Inc., a third generation, family-owned real estate company, and the buyer was Pacific Castle, a Southern California-based institutional investor.

  • ELLIS PRESERVE

    Project Owner: Equus Capital Partners

    Exclusive Leasing Agents for Project: Metro Commercial Real Estate (Glenn Marvin and Steve Niggeman)

    Metro Commercial HQ: Philadelphia, Plymouth Meeting, Pennsylvania; and Mt. Laurel, New Jersey

    Project Location: Newtown Square, Pennsylvania

  • CHERRY HILL MALL

    Project Owner: PREIT

    Company HQ: Philadelphia

    Project Location: Cherry Hill, New Jersey

    Project Size: 1.3 million sq. ft.

    Project Status: Open and operating

    Company Website: www.preit.com

  • THE COURT AT DEPTFORD

    Project Owner: DLC Management Corp.

    Company HQ: Tarrytown, New York

    Project Location: Deptford, New Jersey

    Project Size: 361,000 sq. ft.

    Project Status: Open and operating

    Company Website: www.dlcmgmt.com

  • NO ASSEMBLY LINE

    The 45-acre Assembly Row in Boston breaks almost all the rules for the traditional model for outlet centers. Just three miles from downtown Boston, Assembly Row is an urban-style mixed-use center with a wide range of outlet retail options alongside entertainment components like LEGOLAND Discovery Center, AMC Theatres and over a dozen restaurants from Legal Sea Foods to Vancouver, B.C.-based Earls Kitchen + Bar.

  • Primark/Sears Real Estate Deal

    The ongoing quest of Sears Holding Corp. to leverage its vast real estate portfolio helped pave the way for British fast-fashion retailer Primark to enter the United States, giving the import access to space in malls throughout the Northeast.

    In late 2014, Primark struck a deal with Sears to lease a total of approximately 520,000 sq. ft. in seven Sears mall-based locations. All the space is expected to be delivered to Primark by the end of 2015.

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