Tenant Update

Plymouth Meeting, Pa. -- Fameco Real Estate is opening an office in Center City, Philadelphia, to better accommodate the growth of its clientele in the market.

Fameco will be fully operational in the center city office at 1425 Walnut Street in early June. Fameco partners Jeffrey Cohen, Brandon Famous and Rick Schuch will spearhead this new initiative.

Miami Beach, Fla. -- Terranova Corp. announced it has been awarded new leasing assignments for two south Florida strip centers.
       
Piper’s Glen Shopping Center in Boynton Beach and Shoppes of Ives Dairy in Miami Gardens have been added to the Terranova leasing portfolio, effective immediately.

Henderson, Nev. -- New York City-based Centro Properties Group said that Rhaposdielle will open in Henderson, Nev.
       
The new 12,544-sq.-ft. store will debut at Galleria Commons, which is owned by Centro.

Commack, N.Y. -- North Plainfield, N.J.-based Levin Management Corp. said that frozen dessert company D’Lites Emporium will open a new location at Mayfair Shopping Center, located in Commack, N.Y.

The 1,280-sq.-ft. store will join other food offerings in the center such as Outback Steakhouse, Ciao Baby, Good Taste Buffet, Bagel Boss, Kosher Market & Deli, and Original Brooklyn Pizza.

Maryville, Tenn. -- Chattanooga, Tenn.-based CBL & Associates Properties announced plans for a new Carmike Cinema at Foothills Mall, in Maryville, Tenn.
      
The new theatre will feature 12 screens with state-of-the-art stadium seating and amenities.
       
A former Belk building will be redeveloped to accommodate the 45,000-sq.-ft. cinema. The existing theatre at Foothills Plaza will remain open during the new construction that is slated to begin this summer.

I’m not much of a follower of astrology and the signs of the zodiac, but I do know that 2011 is the Year of the Rabbit on the Chinese calendar.

It seems somehow fortuitous that speed and agility define a year that is all about economic recovery. And retail is moving forward at a rate that, while not exactly hare-like, is at least faster than the proverbial tortoise.

North Plainfield, N.J. -- Levin Management Corp. announced it has promoted Harold Harris from VP to senior VP, effective immediately.

Harris joined Levin as controller in 1985 and was named CFO in 1990. Responsible for all aspects of finance and lease administration for the company’s management portfolio, Harris also oversees real estate tax and financing reviews, human resources, and risk management.
 

Vancouver, Wash. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to Pita Pit and Yolicous, which will open in a 2,032-sq.-ft. space this summer at Orchard Market Center, Phase II, located in Vancouver, Wash.

The 178,000-sq.-ft. shopping center is anchored by Wholesale Sports and LA Fitness, alongside national retailers such as Jo-Ann, Office Depot, Petco and Starbucks.

Newington, N.H. -- Indianapolis-based Simon Property Group said it will assume leasing, management and marketing duties of the Fox Run Mall, located in Newington, N.H., effective May 15.

The enclosed regional shopping center, built in February 1983, is anchored by Macy’s, J.C. Penney and Sears. Other tenants include Abercrombie & Fitch, Hollister, Express, Loft, Limited, Men’s Wearhouse, American Eagle Outfitters and Victoria’s Secret.

The center totals 604,000 sq. ft. and is situated on nearly 70 acres.

Granada Hills, Calif. -- Jacksonville, Fla.-based Regency Centers announced that it has leased nearly 39,000 sq. ft. of retail space in Granada Hills, Calif., at Granada Village to two additional anchors, HomeGoods and Petco.

HomeGoods has leased 27,500 sq. ft. and is slated to open in spring 2012. This is the first store in the market for this home furnishings retailer with the next closest location eight miles away.

Petco is scheduled to open in 11,350 sq. ft. this fall.