Tenant Update

Nordstrom plans to relocate its Nordstrom Rack store from 280 Metro Center to the redeveloped Serramonte Center in Daly City, California.

The approximately 40,000-sq.ft. store is scheduled to open in fall 2017. The redeveloped property is owned by Equity One.

Nordstrom will join fellow anchors Target, JC Penney, Macy's and Dick's Sporting Goods. The new location is just across Highway 280 from the current Nordstrom Rack.

Woodbridge, N.J. -- Levin Management announced that T.J.Maxx has joined St. Georges Crossing in Woodbridge, New Jersey. The 23,000 sq. ft. free-standing T.J.Maxx store will anchor the fully leased, 340,000 sq. ft. shopping center.

St. Georges Crossing is located at the intersection of Routes 1 & 9 and 35. The center includes a mix of retail, restaurant and service tenants: ShopRite, P.C. Richard & Son, PetSmart and Pier 1 Imports, Golf Galaxy, AutoZone, Bertucci’s and Wine Country.

Charlotte, N.C. -- The Chambers Group, an X Team International partner and full-service real estate brokerage firm announced that Jenn Olevitch-Roberson has joined the company as partner to lead the company’s second location in Raleigh, North Carolina. The office will open Oct. 1, and, over the course of the next 12 months, The Chambers Group will add approximately six new and seasoned brokers to their team in Raleigh.

Dallas -- Cypress Equities Cos. announced that it has hired Lance Taylor, director of asset management.

Taylor brings 25 years of experience in commercial real estate with varied responsibilities that include underwriting, acquisition, asset management, leasing, land development, receivership and dispositions. Lance’s background includes Archon Group, Deutsche Asset & Wealth Management, Jones Lang LaSalle America’s, Inc. and Stream Realty Partners, L.P.

Edens and Montgomery County Maryland announced the redevelopment of Burtonsville Crossing and the adjacent park-and-ride lot located in Burtonsville, Maryland.

In 2014, Edens was selected by Montgomery County to develop the adjacent surface parking lot while continuing to provide commuter parking at this strategic location.

Glendale, Ariz. -- Brixmor Property Group announced that Glendale Galleria, located in Glendale, Arizona, will undergo a comprehensive renovation and will add anchor tenant LA Fitness, a 36,894-sq.-ft. new prototype facility.  

“With the addition of LA Fitness and plans for a newly renovated center, we will be delivering a substantially improved shopping environment for our customers and retailers at Glendale Galleria,” said Matt Berger, senior VP of leasing for Brixmor Property Group.

Nothing will have a greater impact on the value of your shopping center than how you approach an anchor tenant lease expiration.

Indianapolis – Retail real estate firm Simon has announced the location for its Tulsa Premium Outlets.

The project will be built in the city of Jenks, Oklahoma. The first phase of the development will be approximately 325,000 sq. ft. and feature 80 to 90 stores. Construction in Jenks is scheduled to start in spring 2016 with an opening in summer 2017.

Cedar Hill, Texas -- Trademark Property Co. announced that it has broken ground on its multi-million dollar renovation of Hillside Village, formerly Uptown Village at Cedar Hill, located in Cedar Hill, Texas.

Washington, D.C. -- Edens announced that Mike Isabella, of Bravo TV’s “Top Chef” fame, will open his Kapnos Kouzina restaurant concept at Mosaic, Edens’ mixed-use development located in Fairfax County, Virginia. The restaurant is slated to open in early 2016.