Tenant Update

Seattle -- New York City, Washington, D.C., San Francisco and Seattle, top the list of the strongest retail real estate markets, according to Colliers International’s “Third Quarter 2011 North American Retail Highlights” report. The weakest markets include Phoenix, Detroit, Atlanta and Las Vegas, which continue to experience vacancy rates at or above 15%.

York, Pa. -- As part of a real estate realignment strategy, The Bon-Ton Stores Inc. on Tuesday said it will close two of its department stores, one in Pennsylvania and the other in Ohio, when their leases expire in early 2012.

The company said it plans to close its store in the West Manchester Mall in York, Pa., in January, and its Elder-Beerman store in the Northwest Mall in Dayton, Ohio, which will shut down in February.

Savannah, Ga. -- Brixmor Property Group announced Tuesday a 4,800-sq.-ft. lease has been executed with Shoe Show at Victory Square, located in Savannah, Ga.

Brixmor, based in New York City, is the owner of Victory Square.
 

Indianapolis -- Kite Realty Group said that The Flying Cupcake has leased 856 sq. ft. at Rivers Edge Shopping Center, located in Indianapolis.

Rivers Edge, recently renovated, is anchored by Nordstrom Rack, Buy Buy Baby, The Container Store, Harry & Izzy’s and soon Arhaus Furniture. The total GLA is 152,575 sq. ft.

New York City -- RCS Real Estate Advisors said Tuesday it has been retained by bridal retailer Priscilla of Boston to facilitate the closing of its business.

According to Ivan L. Friedman, president and CEO of RCS, the company will facilitate the closing of all 20 Priscilla of Boston locations, effective Dec. 31, by negotiating cost-effective lease terminations or locating replacement tenants.

Priscilla of Boston announced its closing in early September.
 

New York City -- Winick Realty Group said Tuesday that Maurice Badler Fine Jewelry has signed a long-term lease for its 954-sq.-ft. flagship store at 485 Park Avenue, between 58th and 59th Streets on Manhattan’s Upper East Side.

The new store is scheduled to open in early November.
 

Southlake, Texas -- Oak Brook, Ill.-based Inland Western Retail Real Estate Trust said that Inland Western Southlake Corners Limited Partnership, one of its wholly owned subsidiaries, signed a lease with HomeGoods to occupy a 28,098-sq.-ft. location at Southlake Corners in Southlake, Texas. 

Southlake Corners is a 134,894-sq.-ft. center anchored by Toys “R” Us/Babies “R” Us, Staples and Casual Living.
 

Atwater, Calif. -- Jacksonville, Fla.-based Regency Centers said that Dollar Tree has leased retail space in Atwater, Calif., at Applegate Ranch Shopping Center.

Dollar Tree leased 9,264 sq. ft. and is now open. The 464,136-sq.-ft. shopping center is anchored by a Super Target, Walmart, Marshalls and Petco.