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Tenant Update

  • Laila Rowe to open Wall Street location

    New York City -- Winick Realty Group LLC said that jewelry and accessory retailer Laila Rowe has leased its first downtown Manhattan location at 99 Wall Street, between Front Street and Water Street.

    Laila Rowe currently has 17 retail stores on the East Coast.

    The 520-sq.-ft. space is on the ground floor and includes a partial basement.

  • H&M leases space for new store at The Forum in Carlsbad

    Newport Beach, Calif. -- Grubb & Ellis Co. said Friday that H&M has leased 19,600 sq. ft. of retail space at The Forum in Carlsbad. 

    The retailer signed a 10-year lease for the space, which includes a portion of the second level of The Forum. The company will take the majority of the space currently occupied by Borders Direct LLC, which is expected to vacate in spring 2011. 

    The retailer, which plans to open its Carlsbad location in summer 2011, now has 2,200 stores in 38 countries.

  • TJX HomeGoods to open on Michigan Avenue

    Chicago -- Oakbrook Terrace, Ill.-based Mid-America Real Estate Group said Thursday that TJX's HomeGoods has signed a lease for 25,503 sq. ft. of space at 600 N. Michigan Avenue.

    The site is the largest single-footprint space available in the district.

  • Dillard's plans to form REIT

    Little Rock, Ark. -- In a regulatory filing on Wednesday Dillard's said it plans to form a real estate investment trust, with the objective of improving liquidity.

    According to the department store retailer, various company entities will transfer interests in properties to the REIT, which will then lease the properties back to them.

    "Dillard's believes the formation of a REIT may enhance its ability to access debt or preferred stock and thereby enhance its liquidity," the filing said.

  • Edens & Avant announces promotions

    Columbia, S.C. -- Edens & Avant said Tuesday it has promoted Jami Passer to managing director. Prior to joining Edens & Avant in 2006, Passer was a partner and consultant with P3 Partners, a South Florida real estate advisory firm as well as being a managing director in the Real Estate Capital Markets Group of Andersen Corporate Finance LLC.

  • Menchie's Frozen Yogurt opens at Eisenhower Square

    Savannah, Ga. -- Centro Properties Group said that Menchie’s Frozen Yogurt has opened a 1,215-sq.-ft. store at Eisenhower Square.

    The shopping center, located in Savannah, Ga., is owned by New York City-based Centro Properties Group.

  • Dollar Tree doubles size in Temple Terrace for Deal$ concept

    Tampa, Fla. -- RMC Property Group said that Dollar Tree has signed a lease to expand and relocate its store within the Temple Terrace Shopping Center, located in Tampa, Fla.

    Dollar Tree will relocate to the vacant former Save-A-Lot unit, increasing the size of its store from 7,992 sq. ft. to 14,425 sq. ft.

    The new store will open under the chain’s Deal$ concept, which sells some items for more than $1, offering merchandise that Dollar Tree does not sell under the $1 restricted price of its primary stores.

  • Pet Supermarket to open at Bloomingdale Square

    Brandon, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Brandon, Fla., at Bloomingdale Square to Pet Supermarket.     

    Pet Supermarket has leased 9,000 sq. ft., bringing the center to 96% leased. The pet supply retailer is slated to open in first quarter 2011.

    The 267,736-sq.-ft. shopping center is anchored by a 92,681-sq.-ft. Wal-Mart, Bealls and Publix, plus other retailers such as Dollar Tree, Hallmark, RadioShack and Bank of America.

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