Development/Redevelopment

Fort Worth, Texas -- Trademark Property Group announced that together with Coventry Real Estate Advisors, Southern Land Co. and PCCP, it has recapitalized the Watters Creek at Montgomery Farm mixed-use project near Dallas in a joint-venture arrangement.
 
The Joint Venture acquired the note on the property from a multi-bank syndicate led by PNC Bank. PCCP provided the capital for the transaction from its opportunistic fund, PCCP Equity VI, L.P.

Chicago -- Store opening plans for 2013 are at a four-year high even as positive retail trends tempered with uncertain fiscal policies signal a cautious start to the new year, according to a report released Monday by Jones Lang LaSalle.

According to Jones Lang LaSalle’s 2013 National Retail Real Estate Outlook, retailers will open as many as 78,325 stores in the next two years – up 11% from year-end plans in 2011. Construction will add 52 million sq. ft. of space in 2013, more than double the 20 million sq. ft. completed in 2012.

New York -- Applebee’s will open New York City’s first LEED (Leadership in Energy & Environmental Design) Gold certified restaurant on Monday, Dec. 10.

Richardson, Texas -- Chain restaurant Wingstop announced Tuesday it has executed a master development deal that will facilitate about 50 unit openings in Russia, the first opening in Moscow.

The chicken wing purveyor -- with more than 530 locations throughout the U.S. and Mexico -- signed a master development agreement with Baxtor Limited for 50 Wingstop restaurants to be opened throughout Russia over the next 10 years.

The first location is expected to open in Moscow by the end of 2013.

Broomfield, Colo. -- Mrs. Fields Cookies said Tuesday it will open a new location at Arista Place, located in Broomfield, Colo.

The flagship store, which is slated to launch construction this month, will feature a new store design and branding. It is expected to open in March 2013.

The new design, said the company, will incorporate more soft seating and a retail area for ordering cookie gifts online. The corporate location will also serve as the company’s training university for new franchisees.

Miami Beach, Fla. -- Terranova Corp. said that Anna’s Linens will open an 8,100-sq.-ft. store at Lakewood Shopping Center, located in Margate, Fla., and marking the retailer’s 21st location in the state.

The new store will open in early 2013, joining a tenant line-up that includes Marshall’s, Ross Dress for Less and Staples.
 

Delray Beach, Fla. -- Indianapolis-based Kite Realty Group announced that It'Sugar has leased 2,027 sq. ft. at Delray Marketplace located in Delray Beach, Fla.

Oak Brook, Ill. -- Inland Private Capital Corp. announced three employee promotions and the hiring of one new employee to the company’s senior management team. 

Effective Nov. 13, the company has promoted Keith Lampi to the position of COO and Rahul Sehgal to chief investment officer. Additionally, Joe Binder has been promoted to senior VP acquisitions; Dione McConnell has been appointed VP operations.