Development/Redevelopment

Tampa, Fla. -- RMC Property Group announced that Nicholas Roth has joined the company as VP leasing.  

Roth joins RMC from Sandor in Indianapolis, where he was its U.S director of leasing. Roth also worked previously in landlord representation as director of leasing/Florida with Edens & Avant and as senior VP leasing/Florida with Equity One.

By Michael Hirschfeld, senior VP of JLL’s National Retail Tenant Services

Jacksonville, Fla. -- Stein Mart Inc. reported net income of $1.7 million for the second quarter, reduced from $3.4 million last year on higher healthcare costs.

Total sales increased 2.5% to $298.2 million, while same-store sales increased 1.3%, the retailer’s ninth consecutive quarter of comparable store sales gains.

Miami -- Berkowitz Development Group announced the signing of a new long-term lease with PetSmart for 14,252 sq. ft. at Dadeland Station, a 330,000-sq.-ft. shopping center located at 8312 S Dixie Highway in Miami.

The new PetSmart store, which will include an on-site, full-service Banfield Pet Hospital, is slated to open during fourth quarter 2014.

Current tenants include Target, Michael’s, Bed Bath & Beyond, The Sport’s Authority and Best Buy.

New York -- Cushman & Wakefield announced that Michael Prabhu has joined the firm as the U.S. head of Property Management.

Based in downtown Los Angeles, Prabhu’s focus will be on the strategic growth of the firm’s property management business in the U.S.

Orlando, Fla. -- JLL’s Capital Markets experts announced the firm has closed the sale of Lake Washington Crossing on behalf of WSRI-SRP Lake Washington, LLC.

Baltimore-based Philips Edison Group, LLC, purchased the 118,698-sq.-ft. grocery-anchored shopping center, located near Florida’s ocean coast, in the town of Melbourne.

Managing Directors Kris Cooper, Margaret Caldwell and Carson Good led the JLL team on the transaction.

Seattle -- Seattle-based architecture and design firm Callison said it will be acquired by Arcadis, a global design consultancy firm based in the Netherlands.

The transaction is slated to be completed in the third quarter of 2014. Arcadis also owns architectural design firm RTKL, built asset consultancy firm EC Harris, and Asian construction program planning and value management consultancy Langdon & Seah.

New York -- Seiko Corporation of America, a subsidiary of Seiko Watch Corporation, announced the grand opening of its first Seiko boutique to enter the United States at 510 Madison Avenue in New York City.  

The New York Seiko boutique is primarily dedicated to Seiko's collections, but also features boutique exclusives.