Development/Redevelopment

New York -- Charming Charlie has signed a lease for a 15,500-sq.-ft. store at 445 Fifth Avenue in the heart of midtown Manhattan. The fashion accessories retailer will open its first-ever Manhattan flagship store in early 2015.

Thor Equities owns and manages the building, which is located at the northeast corner of 39th street and Fifth Avenue, across from the New York Public Library. RKF and Strategic Retail Advisors represented Charming Charlie in the transaction. Thor Equities represented itself.

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New York — RKF has arranged three long-term leases, totaling 13,055 sq. ft., in Manhattan for Carlo Pazolini, the European shoe and accessories brand. RKF represented Carlo Pazolini in each transaction.

The first store is in the Meatpacking District at 410 West 14th Street and spans 5,000 sq. ft., with 2,500 sq. ft. on the ground floor and another 2,500 sq. ft. in the basement. The location has opened for business. RKF represented the landlord Amcojor Realty Corp.

Wilmington, N.C. — Marcus & Millichap Real Estate Investment Services has arranged the sale of The Forum, a 105,000-sq.-ft boutique retail center in Wilmington, N.C. The $24,680,000 sales price equates to $233 per square foot.

Marcus & Millichap’s Fort Lauderdale office represented the seller, the developer of the property, Swain & Associates, as well as the buyer, L&B Realty Advisors LLP, a pension fund. Swain & Associates will maintain its offices at The Forum and continue to handle leasing responsibilities.

New York -- Five Below will debut in two Cafaro malls next summer. The three-million-sq.-ft. Eastwood Mall Complex in Niles, Ohio, will welcome a 9,300-sq.-ft. Five Below. The two-million-sq.-ft. Millcreek Mall Complex in Erie, Pa. will get an 8,700-sq.-ft. store in the Millcreek Pavilion.

Hot Head Burrito will also open a 2,000-sq.-ft. location, now under construction, at Eastwood Mall. A young chain, Hot Head Burrito operates more than 50 restaurants in six states.

Cumming, Ga. — LaVida Massage Wellness Center will open its seventh location in the greater Atlanta area in October. The new 3,200-sq.-ft. center will be located with in Castleberry Southard Shopping Center in Cumming.

The new center will have 11 regular massage therapy rooms including one dedicated to couples’ massage.

 

New York -- Lord & Taylor, a division of Hudson’s Bay Company, has opened a store at Mizner Park, an open-air, mixed-use center in downtown Boca Raton, Fla. The two-level, 80,000-sq.-ft. store store marks the retailer’s return to the Sunshine State.

The new store features the company’s latest store design, which emulates a classic style but with a new, updated twist. A sense of glamour permeates the space, seen in such details as chandeliers imported from Italy and 300 mannequins that showcase strong fashion statements.

Schurman Retail Group, owners of Papyrus North America, unveiled its newest concept, Niquea D., on the Upper East Side of Manhattan. The store features women’s jewelry and accessories, clothing, scents, home décor, and paper and gift products.  

With a mix of antique furniture, one-of-a-kind chandeliers, and hand-painted rich blue damask walls, the 900-sq.-ft. space has the feel and look of a Parisian boutique. A second Manhattan location is scheduled to open later this fall, downtown on Hudson Street

Chicago — Jones Lang LaSalle’s Capital Markets team has announced the completion of a sale-leaseback transaction for a portion of Walgreens Corporate Campus in Deerfield, Ill.

Realty Income purchased the 38-acre property with six buildings spanning 574,605-sq.-ft. and secured a long-term lease from Walgreens. The terms have gone undisclosed.

Scottsdale, Ariz. — With the opening of the first Montana franchise location, Massage Envy Spa now operates in 48 states. Located in Missoula, the new spa is one of the first to introduce the brand’s latest clinic design elements.

With more than 900 franchise locations operating in 48 states, Massage Envy is the largest system of franchised massage clinics in the U.S.