Tenant Update

Last June, two organizations — Retail Industry Leaders Association and International Council of Shopping Centers — co-sponsored a sustainability initiative that ultimately would set the bar for landlord/tenant partnerships.

The last 14 months haven’t been without bumps. Forging positive, mutually beneficial programs that involve cooperation from shopping center owners and their retail tenants has long been one of this industry’s greatest — and most frustrating — challenges.

Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Crazy 8 will open its Moorestown Mall property, located in Moorestown, N.J.

The 2,505-sq.-ft. store is slated to open this fall in the 1 million-sq.-ft. enclosed regional mall anchored by Macy’s, Lord & Taylor, Sears and Boscov’s.
 

Thousand Oaks, Calif. -- NewMark Merrill Cos. said that Sweet Tooth Dental Center and Dish Restaurant will open at Janss Marketplace, in Thousand Oaks, Calif., bringing the center to 97% occupancy.

Dish Restaurant signed a 10-year lease for a 6,548-sq.-ft. space near Aaron Bros. and RadioShack. The new restaurant at Janss Marketplace, which is the second location for Dish, is slated to open in mid-Sept.

Sweet Tooth Dental Center signed a five-year lease and has opened in a 2,613-sq.-ft. space near Dressbarn and Payless Shoe Source.

North Plainfield, N.J. -- Levin Management Corp. said that it has secured five new shopping center property assignments in recent weeks, reflecting continued demand for third-party retail real estate services in the New York/New Jersey and Pennsylvania markets.

The new assignments include leasing- and/or management-specific roles. They include: Olde Lafayette Village in Lafayette, N.J.; Whiting Town Center in Whiting, N.J.; Pathmark Plaza in Staten Island, N.Y.; Central Ave. in Scarsdale, N.Y.; and Atlantic Plaza in Pleasantville, N.J.
 

Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Australian fashion retailer Cotton On will open its first South Jersey location at Moorestown Mall this fall.

The 3,500-sq.-ft. store joins a recently opened Kids Foot Locker; Crazy 8 is scheduled to join the mall this fall.

Moorestown Mall is a 1 million-sq.-ft. enclosed regional shopping mall anchored by Macy’s, Lord & Taylor, Sears and Boscov’s.

Chicago -- Chattanooga, Tenn.-based CBL & Associates Properties said that a completely refreshed AMC Loews 6 Theater opens on Aug. 9 at its Chicago Ridge Mall property, located in Chicago Ridge, Ill.

Following the opening of the newly renovated theatre are store openings over the course of the next several months. Crazy 8, Old Navy, Kids Foot Locker and Wetzel’s Pretzels are slated to open before year end, and a newly remodeled Victoria’s Secret and its new Pink boutique opened recently.

San Francisco -- Los Angeles-based Westfield Group said that Westfield San Francisco Centrewill welcome a lineup of new luxury retailers to the mall.

This fall, menswear retailer Onassis Clothing will open a 2,500-sq.-ft. store. Located next to Bloomingdale’s on Level 2, the new Westfield San Francisco Centre store will be the brand’s third location and its first outside of New York.

Burberry Brit, a casual sportswear concept, opens a standalone 2,500-sq.-ft. store selling apparel, handbags and shoes on Level 1.

Carmel, Ind. -- Indianapolis-based Kite Realty Group said that Panera Bread will open a 4,019-sq.-ft. location at Rangeline Crossing, formerly named The Centre, in Carmel, Inc.

Old National Bank will open a 5,600-sq.-ft. outlotat the 83,533-sq.-ft. center, which is currently undergoing a redevelopment.

The landlord is KRG Centre.