Development/Redevelopment

Granada Hills, Calif. -- Jacksonville, Fla.-based Regency Centers said that it has leased 7,083 sq. ft. of retail space in Granada Hills, Calif., among three new tenants at Granada Village.

Carter’s leased 3,866 sq. ft., and hair salon Fantastic Sams leased 1,217 sq. ft.  Both are slated to open for business in March 2012. Opening in second quarter 2012, Freebirds World Burrito has leased 2,000 sq. ft. of restaurant space.

Oak Brook, Ill. -- Inland Western Retail Real Estate Trust has announced the acquisition of Alamo Ranch in a joint venture with RioCan Real Estate Investment Trust. The 469,031-sq.-ft. shopping center is located in San Antonio, Texas, and was purchased for approximately $92.2 million.

Yonkers, N.Y. -- Aries Deitch & Endelson said that a lease was recently signed by TJX Cos. for a 32,000-sq.-ft. T.J. Maxx store slated to open this spring at Westchester County’s Ridge Hill, the New York metropolitan area’s largest mixed-use outdoor shopping center. 

Located in Yonkers, the lifestyle center, which is owned by Forest City Ratner Cos., spans more than 81.4 acres and includes 1.3 million sq. ft.

Seattle -- REI (Recreational Equipment Inc.) announced that it will open its first location in Ohio next fall at Rockwood Commons in Cincinnati. The one-story location will occupy 22,000 sq. ft. and will serve more than 5,000 active REI members as well as other outdoor enthusiasts in the community.

The company also announced that it will open a store in Medford, Ore. The 23,500-sq.-ft., one-story location will open next fall in Alba Village and help outfit approximately 7,300 local active members and other adventurers.

The commute into downtown Minneapolis should get a little easier in the coming years, as Target is set to relocate nearly 4,000 technology-related workers from its headquarters to a new office in the Northern suburb of Brooklyn Park.

According to the Minneapolis St. Paul Business Journal, the transition of about 2,400 technology team members and 1,500 contract workers will begin next year. To read more, click here. 

Queens, N.Y. -- Onex Real Estate Partners announced the grand opening of local bakery chain, Fay Da Bakery, at Sky View Center, Queens’ newest regional multi-level mall, located in downtown Flushing, N.Y. 

The specialty bakery chain leased 1,650 sq. ft. of retail space on Level B of the 800,000-sq.-ft. mall, which caters to a population density of over 750,000 people living within three miles. 

Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that True Religion has opened at Cherry Hill Mall, located in Cherry Hill, N.J.

The 1,500-sq.-ft. fashion denim store is located by the Grand Court.

Madison, Ala. -- GBT Realty Corp. announced that three new tenants have signed leases at its Shoppes at Madison property, a Target-anchored center slated to open in March 2012.

The newest tenants include a 22,000-sq.-ft. Ross Dress for Less store, Massage Envy, and a 4,000-sq.-ft. freestanding Panera Bread.

Together, these tenants join Target and 13 additional local, regional and national retailers, to bring the shopping center’s occupancy to 95%.