Tenant Update

Indianapolis — Four new retailers have leased space at Brea Mall in Brea, California, according to Simon Property Group, the mall’s owner. Starbucks Coffee Company, Kiehl’s Since 1851, Kelley’s Kookies and Shoe Palace plan to open their doors this spring and summer.

Starbucks will debut this spring as a standalone kiosk with tables and chairs for café-style seating.

Chicago — Forever Yogurt and T’s Code, a women’s clothing boutique, have leased shops in Glen Town Center in Glenview, Ill. Forever Yogurt has taken 1,134 sq. ft., and T’s Code will occupy 1,789 sq. ft. CBRE represented the landlord, Bank of America Commercial Mortgage, in both leases.

Dallas — SRS Real Estate Partners has appointed Will Majors senior VO and market leader. Majors will focus on tenant and landlord representation. He will also be responsible for signing new clients and recruiting qualified brokers.

Majors brings more than 12 years of experience in the retail real estate industry to his new post. Previously, he worked at Endeavor Real Estate Group where he was responsible for more than 2 million sq. ft. of transactions.

New York — Steve Madden and Trebbianno have signed long-term leases totaling more than 60,000 sq. ft. at 19 West 34th Street, also known as the Martin Building, in New York City.

Steve Madden is taking the entire fifth floor and part of the fourth and eighth floors and will use approximately 40,000 sq. ft. of the 14-story building. The space will serve as one of Steve Madden’s corporate offices and showrooms.

Syracuse, N.Y. — Junior fashion retailer, Lexy, has expanded into a new 3,098-sq.-ft. store at Moreno Valley Mall in Moreno Valley, Calif. The new store opened on Feb. 14.

Managed by Spinoso Real Estate Group, the center is home to 130 stores and restaurants including a number of new arrivals. Crunch Fitness recently moved into a 20,000-sq.-ft space. Junior fashion retailer, Image, opened in December 2013.

La Jolla, Calif. — Ramsey Real Estate Group has announced the commencement of a $600,000 renovation to Decatur Inn Plaza in Las Vegas. The renovation will include new storefronts, design elements, exterior finishes, building systems, landscaping and parking lot work. Vacant suites will receive vanilla shell treatments. Structural elements will be repaired and replaced. The renovations will also include rebuilding the property’s monument sign. Existing businesses will remain open during the renovation.

North Canton, Ohio — Construction of a new Panera Bread will get underway this spring in the Hoover District of North Canton, Ohio. The first retail establishment in the Hoover District, the restaurant plans to open this fall.

Being developed by Industrial Realty Group, the Hoover District is a mixed-use redevelopment envisioned as a live-work-play environment.

New York City — Gourmet Garage, an upscale market with five Manhattan locations, has signed a lease for a sixth Manhattan location at Collect Pond House, a co-op building at 366 Broadway.

The market will occupy approximately 6,435 sq. ft. on the ground floor and 3,510 sq. ft. in the lower level. An additional 910 sq. ft. in the mezzanine will provide seating.

Los Angeles, Calif. — CIM Group has acquired a seven-asset portfolio that includes an office tower with ground floor retail and an enclosed regional shopping mall.

New York -- For the second consecutive year, Chain Store Age will select 10 individuals in retail real estate as “retail stars;” all will be featured in the April/May 2014 issue with bonus distribution to the International Council of Shopping Centers’ RECon show in Las Vegas in May.

The award recognizes people under the age of 40 who are making an impact in retail real estate – whether from the tenant (retail) or the landlord (shopping center company) side.