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Tenant Update

  • European Wax Center inks two Manhattan leases

    New York -- European Wax Center has signed leases for two new Manhattan locations, according to Winick Realty Group, the broker that represented the retailer in the transaction.

    The new locations at 95 Chambers Street and 295 Park Avenue South will bring the Wax Center’s total Manhattan store count to four. Both new locations are expected to open in the spring of 2014.

  • Michael’s signs into Torrington, Conn., center

    New York -- Michael’s has leased a 21,400-sq.-ft. former Circuit City store at the Torrington Fair shopping center in Torrington, Conn.

    Wal-Mart, Price Chopper and Petco anchor the center, which is now 100% leased, although there is an outparcel that may be developed in the future. Charter Realty & Development www.chartweb.com and Lornell Realty made the deal.

  • Surplus Retail Property in the Northeast

    While owners and developers are redeveloping, expanding and beginning to plan new developments across the Northeast, property surpluses created by the recession remain. Where are these surpluses? How will they be disposed of? Chain Store Age asked Andy Graiser, co-president of A&G Realty Partners, to talk about disposition today in the Northeast. Graiser is a property disposition expert with more than 25 years of experience with retail real estate.

    Characterize surplus retail real estate in the Northeast.

  • Optimizing Shopping Center Portfolios

    Optimizing retail store portfolios and optimizing shopping center portfolios seem like two different things. In fact, the two tasks have similarities.

    “To retailers, optimization is getting store deployment across the marketplace right,” explained Mike Makinen, COO with MPI, Mall Properties Inc., New York City. “We have a similar strategy. We have a mix of retailers within our shopping center portfolio, and we try to optimize the assortment of retailers, restaurants and service tenants within each center.”

  • Project Profile: Marlton Crossing

    Location: 101 S. Route 73, Marlton, N.J.

    Size: 333,255 sq. ft.

    Developer: Brixmor Property Group

    Major tenants: T.J. Maxx, DSW, HomeGoods, Michaels, Burlington Coat Factory, Five Below 

    Status: Completed

  • Project Profile: Thornwood Village Center

    Location: Thornwood, N.Y., in Westchester County    

    Size: 20,175 sq. ft. 

    Developer: DLC Management Corp.    

    Major tenants: Walgreens    

    Status: Complete    

  • Project Profile: Belmont Chase

    Location: Ashburn, Va. 

    Size: Approximately 100,000 sq. ft.    

    Developer: Regency Centers 

    Major tenants: Whole Foods Market will anchor the project. Regency is currently negotiating with prospective specialty retail, restaurant and health and wellness tenants.

    Status: Proposed start is spring 2014, with completion planned for fall 2014.    

  • Project Profile: Queens Place

    Location: 8801 Queens Blvd., Forest Hills, N.Y.

    Size: 445,000 sq. ft.

    Developer: Forest City Ratner Cos.

    Major tenants: Target, Best Buy, Macy’s Furniture, DSW, Skechers, Outback Steakhouse, Red Lobster

    Status: Opened in 2001

  • Farmers market, salon to Deerfield, Ill., center

    Deerfield, Ill. — Fresh Thyme Farmers Market and Studio A Salon have taken space at Cadwell’s Corners in Deerfield, Ill., a northern suburb of Chicago. Mid-America Asset Management Inc. represented the shopping center in the transaction.

  • Old Navy signs into Orange Plaza in Middletown, N.Y.

    Purchase, N.Y. — Old Navy has taken a 13,500-sq.-ft. space in Orange Plaza, an 815,000-sq.-ft. power center in Middletown, N.Y., according to National Realty & Development Corp.

    A Wal-Mart Supercenter, Kohl’s Department Store, Burlington Coat Factory, Marshalls, Bed Bath & Beyond and The Home Depot anchor the center. Orange Plaza draws shoppers from a 25-mile circle including the Hudson Valley and areas in Pennsylvania and New Jersey.

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