Tenant Update

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.

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.

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.
 

In case you missed it because you were too busy putting away the noisemakers or watching college football, the first day of 2011 was not just another New Year’s Day. It was a significant generational milestone: The first members of the Baby Boom generation turned 65.

Herndon, Va. -- Jacksonville, Fla.-based Regency Centers said that it has leased space at Village Center at Dulles, located in Herndon, Va., to Noodles & Co.

The 3,167-sq.-ft. store is slated to open this summer, and brings the center to 98% leased.

The 308,000-sq.-ft. shopping center is anchored by Shoppers Food Warehouse, Staples and Gold’s Gym, and also includes Starbucks, Chuck E. Cheese, Subway, GNC, State Farm and The UPS Store.

Raleigh, N.C. -- Tarrytown, N.Y.-based DLC Management Corp. announced a pair of lease signings that have transformed its Raleigh, N.C., asset Tower Shopping Center.

According to DLC, America’s Kids will open a 26,691-sq.-ft. store, marking the children’s clothing and accessory retailer’s first store in North Carolina. This is also the first America’s Kids store in DLC’s portfolio, and deals at two additional shopping centers are under negotiation.