Tenant Update

Bowie, Md. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to three new tenants at Bowie Plaza, located in Bowie, Md.

Opening its fifth gym in the Washington, D.C./Baltimore market, Fitness 4 Less is relocating to 21,750 sq. ft. in Bowie Plaza. Peeper’s Family Eye Care leased 2,400 sq. ft. of retail space, and Dunkin’ Donuts, offering a drive-thru option, leased 1,600 sq. ft. of space.

All three businesses are slated to open in spring 2012.

I know it’s simply human nature to want the best of the best, and to prioritize top quality. And, it’s certainly no different in our industry. Lately, analysts and investors seem to be spending an awful lot of time and energy focusing on only the “top” properties and brands. I think they may be a bit short sighted and could even be missing out on some great opportunities. I’m talking about the ongoing debate between “A” and “B” malls.

Carmel, Ind. -- Indianapolis-based Kite Realty Group said that McAlister’s Deli has leased 5,454 sq. ft. at Cool Creek Commons, located in Carmel, Ind. 

Cool Creek Commons is anchored by Fresh Market and Stein Mart with a total GLA of 132,759 sq. ft.

Carmel, Ind. -- Indianapolis-based Kite Realty Group said that two new tenants will open at Hamilton Crossing Centre, located in Carmel, Ind.

Sport Clips has leased 1,293 sq. ft. and Evita Salon & Spa has leased 1,956 sq. ft.

Hamilton Crossing has a total GLA of 39,072 sq. ft. on 12.64 acres.
 

Naperville, Ill. -- Brixmor Property Group announced a 4,000-sq.-ft. Gymboree Play and Music recently opened at Westridge Court, located in Naperville, Ill.

Brixmor, based in New York City, is the owner of Westridge Court.

Beachwood, Ohio -- Shopping center developer DDR Corp. said Monday that Anna's Linens will open three of its first Puerto Rico stores at DDR shopping centers.

These new locations represent the most recent example of DDR's efforts to strategically reduce and reconfigure small shop space at attractive market rents with high-quality tenants.

Woodmere, Ohio -- Urban Outfitters’ concept Free People, as well as men’s shoe retailer Allen Edmonds, will make their debut to the Northeast Ohio market when they open their doors at Eton Chagrin Boulevard.

The Eton location is Free People’s first Ohio boutique while the only other Allen Edmonds stand-alone store in the state is an outlet store in Jefferson, Ohio.

Anaheim, Calif. -- NewMark Merrill Cos. announced that Anaheim Town Square, in Anaheim, Calif., added four tenants to achieve 99% occupancy. The center’s four newest tenants are Staples, Yuva Threading Salon, Hawaiian King BBQ and Waba Grill.

Staples, which opened in December 2011 located next to HomeTown Buffet, signed a 10-year lease for the approximately 17,500-sq.-ft. store.

Yuva Threading Salon signed a five-year lease for an approximately 900-sq.-ft.