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Tenant Update

  • Loft to open two new Calif. stores

    Newport Beach, Calif. -- Grubb & Ellis Co. Said it has secured two new leases for Loft, a division of Ann Taylor Stores Corp., for a total of 10,589 sq. ft. of retail space in Marina Del Ray and Calabasas, Calif. 

    The company signed a 10-year lease for 5,420 sq. ft. at Waterside in Marina Del Ray, and 5,169 sq. ft. at The Commons at Calabasas.

    The two new stores are expected to open this spring. 

    Both properties are owned by Caruso Affiliated.

  • Jones Group reports revenue rise in Q4

    New York City -- The Jones Group reported Wednesday that revenues for the fourth quarter rose 12.5% to $874 million, from $777 million in the year-ago period.

    The company attributed the fourth quarter performance to the June 2010 acquisition of the Stuart Weitzman business, as well as increases in various business segments.

    Jones Group closed 44 retail locations in the fourth quarter to end the year with 803 locations (which includes acquired Stuart Weitzman locations). The company closed 194 locations in 2010.

  • Intermix to open new store in Meatpacking District

    New York City -- Robert K. Futterman & Associates announced it has secured a long-term, 2,725-sq. ft. lease with high-end apparel and accessories retailer Intermix in Manhattan’s Meatpacking District. 

    This completes the first of three phases of leasing at the building, which is situated on the southwest corner at the intersection of Washington and Gansevoort Streets, where Intermix will have two entrances. 

  • New six-screen movie theatre to open in Ocala

    Ocala, Fla. -- RMC Property Management Group announced that it has executed a new lease for a movie theater on behalf of the owner of Marion Shopping Center in Ocala, Fla.

    Ocala Center 6, a six-screen theater, will occupy a 16,500-sq.-ft. space and is slated to open in May. Marion Shopping Center is anchored by Bealls Outlet and Rainbow Apparel.

  • The Crossings at Four Corners redevelopment project breaks ground

    Smyrna, Ga. -- Westchester, Ill.-based Tri-Land Properties announced Tuesday that the redevelopment of The Crossings at Four Corners has launched in Smyrna, Ga.

    Eight acres of the project will be home to a 96,000-sq.-ft. Kroger, the company’s largest grocery store in the Atlanta market.

  • Four new tenants join Rialto mixed-use property

    Orlando, Fla. -- The Wilder Cos. and CNL Commercial Real Estate said Friday that three new retailers and a new eatery will open at Rialto, located in Orlando, Fla.

    Wilder, the developer and owner of RIALTO, said iStudio Salon, The Spectacle Shop, You Nails and Jimmy John's Gourmet Sandwiches will open this spring through early summer.

    Rialto is a 350,000-sq.-ft. mixed-use project that is slated to include more than 75,000 sq. ft. of retail and restaurants, 50,000 sq. ft. of Class A office space and 200 luxury residential units.

  • Regency Centers breaks ground on $10 million retail renovation

    Jacksonville, Fla. -- Shopping center owner and developer Regency Centers said Monday that it has broken ground on a $10 million renovation of its Heritage Plaza, a 226,998-sq.-ft. retail center in Irvine, Calif.

    The renovation of the Ralph’s-anchored center is scheduled for completion in November 2011.

  • KareFoot Spa & Bodywork opens at Plymouth Meeting Mall

    Plymouth Meeting, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that KareFoot Spa & Bodywork has opened at the company’s Plymouth Meeting Mall, located in Plymouth Meeting, Pa.

    The 2,827-sq.-ft. location is the retailer’s fifth in Greater Philadelphia.

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