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Tenant Update

  • 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

  • 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    

  • 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.

  • 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.    

  • 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.”

  • Renaissance Place and City seek use for former Saks

    Highland Park, Ill. — Executives with Renaissance Place are working with officials from the City of Highland Park, Ill., to identify the best use for a 49,000-sq.-ft. building that Saks vacated at the close of 2012.

    One possible use is healthcare, which may involve interventional cardiology, MRI/radiology and other outpatient services. The Renaissance Place team is also considering national, regional and local retailers.

  • 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.

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