Tenant Update

Tukwila, Wash. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Tukwila, Wash., at Southcenter Plaza to Jos. A. Bank.

Jos. A. Bank has leased 4,075 sq. ft., bringing the center to 97% leased, and is currently open for business.

The 170,000-sq.-ft. shopping center is anchored by a 112,000-sq.-ft. Target alongside national retailers such as Performance Bicycle, Super Cuts, Starbucks, Burger King and Quiznos.
 

Dallas -- Cypress Equities Cos. said it has expanded its leasing team with the addition of Giancarlo “GC” Carriero, who joins the firm as leasing manager.

Carriero is responsible for developing and leveraging relationships with potential tenants and facilitating leasing solutions for Cypress’ nationwide retail and mixed-use projects. 

He was previously leasing representative for General Growth Properties.
 

Neptune Beach, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space in Neptune Beach, Fla., at Seminole Shoppes to Smashburger.

Smashburger has leased 2,100 sq. ft., bringing the center to 96% leased. The restaurant is slated to open for business in fall 2011 and is the first store location for the franchise chain in the Jacksonville area.

The 78,240-sq.-ft. shopping center is anchored by Publix Super Market.

Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Chipotle Mexican Grill, along with Clearly Cares Dental, have recently signed leases at Elston Plaza in Chicago.

Denver-based Chipotle Mexican Grill, which leased 2,405 sq. ft., plans to open a restaurant in third quarter 2011. Clearly Cares Dental signed a lease for 1,500 sq. ft. with plans to open this summer.

Elston Plaza is a 91,713-sq.-ft. Jewel/Osco-anchored shopping center in northwest Chicago.
 

Magnolia, Texas -- Jacksonville, Fla.- based Regency Centers said it has leased restaurant space in Magnolia, Texas, at Westwood Village to Five Guys Burgers and Fries.

Five Guys leased 3,127 sq. ft., bringing the center to 97% leased. The restaurant is now open for business.

Westwood Village is a 310,000-sq.-ft. community center anchored by Target, Ross Dress For Less, and T.J. Maxx.

Elyria, Ohio -- Centro Properties Group announced that a 21,936-sq.-ft. lease has been executed with Planet Fitness at Midway Crossing, located in Elyria, Ohio.

New York City-based Centro owns Midway Crossing.

Brooklyn, N.Y. -- Winick Realty Group announced that Fushimi, an Asian fusion restaurant, will open its third New York City location, in Williamsburg, Brooklyn.

The restaurant leased 7,200 sq. ft. and is set to open in the next few months.
 

By Paul Kinney, [email protected]

Common Area Maintenance (CAM) charges are a headache for commercial tenants of all sizes. Unfortunately, overcharges make the management of CAM expenses a major problem for retail tenants. Responding to the CAM overcharge hot button, the National Retail Tenants Association (NRTA) has once again made CAM management a key topic of its education curriculum of its annual conference planned for this September in Orlando.