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Tenant Update

  • Jones Lang LaSalle acquires Surge

    New York — As part of a continuing effort to expand its retail platform, Jones Lang LaSalle has acquired Surge Retail International, a New York/Boston-based specialty retail tenant brokerage.

    The price was undisclosed.

     

  • Five Guys sign into Alameda South Shore Center

    Alameda, Calif. — Later this summer, Five Guys Burgers and Fries will open a 1,781-sq.-ft. restaurant in Alameda South Shore Center, in Alameda, Calif., said Jamestown, a fund manager offering core and opportunistic property funds.

    Cornish & Carey Commercial Newmark Knight Frank represented Jamestown in the transaction. SRSRE represented Five Guys.

     

  • Sprout’s sprouts up in new El Paso location

    Indianapolis — Kite Realty Group has leased a 31,541-sq.-ft. location in El Paso’s Sunland Towne Center.

    Kite Realty and RJL Realty Advisors represented the landlord, KRG Sunland. Venture Commercial represented Sprout’s.

     

  • Cypress Equities acquires Glendale, Calif., center

    DallasCypress Equities has acquired the Glendale Marketplace in Glendale, Calif. The 154,420-sq.-ft. open-air retail and entertainment center is adjacent to the Americana at Brand.

    National retail brands represented in the center include HomeGoods, Old Navy, Starbucks, GNC and Outback Steakhouse.

    SRS Real Estate Partners will represent Cypress in lease negotiations.

     

  • OfficeMax to the Shops of Sherman Plaza

    Chicago — OfficeMax has leased a 4,942-sq.-ft. space at the Shops of Sherman Plaza in Evanston, Ill. The CBRE Group represented the landlord, Inland American Retail Management, in the transaction.

    OfficeMax will join other Sherman Plaza brands including The North Face, Ann Taylor Loft, Barnes & Noble Booksellers and LA Fitness.

     

  • CitiTrends renews at Richmond’s Brookhill Azalea

    Richmond, Va. — Divaris Real Estate has renewed its lease with CitiTrends for 12,000 sq. ft. at the Brookhill Azalea Shopping Center in Richmond, Va.

    DRE represented BSV Premier Brookhill LLC, the landlord. Specializing in low-priced urban brands for the whole family, CitiTrends operates six stores in Richmond.

     

  • Zoom Tan to shine at Liberty Center II in Erie, Pa.

    Erie, Pa. — Zoom Tan has leased a 1,559-sq.-ft. space for a tanning parlor at Liberty Center II in Erie, Pa., according to Levin Management. Flaum Management Co. Inc. represented the tenant in the transaction.

    The 7,443-sq.-ft. Liberty Center II is directly across the street from the 227,000-sq.-ft. Liberty Center, which is anchored by Top’s Markets and Peebles department store.

  • Randolph Mall drafts Dunham’s Sports

    Chattanooga, Tenn. CBL & Associates Properties has announced that Dunham’s Sports has leased a 60,200-sq.-ft. space in Randolph Mall in Asheboro. N.C. Scheduled to open for the 2013 holiday shopping season, the new Dunham’s will replace Dillard’s, which closed in late July.

    Belk, J.C. Penney, Sears and Cinemark theatre anchor the 380,000-sq.-ft. regional Randolph Mall.

     

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