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Real Estate

  • Starbucks expands Latin America footprint, to open in Columbia

    Seattle -- Starbucks Coffee Company will enter the country of Columbia, opening a store in the first half of 2014 in Bogota. It will be operated through a joint venture between the company's Latin American franchisee, Alsea, and the food company Grupo Nutresa.

    Starbucks said it has "aggressive plans" to open locations in Bogota and other major cities throughout Colombia over the next five years.

     

  • Jones Lang LaSalle acquires Means Knaus Partners

    Chicago -- Jones Lang LaSalle announced Monday it has acquired Means Knaus Partners, a Houston-based property management company as part of the firm's expansion in third-party property management.

    The deal boosts Jones Lang LaSalle's portfolio of office space under management by 16 million sq. ft. of space with properties located primarily in Dallas, Chicago, Denver, Houston, Los Angeles, Orlando, Fla., and Tampa, Fla.

  • Divaris signs PetSmart into Roanoke shopping center

    Roanoke, Va. — PetSmart has leased 17,168 sq. ft. at he Hunting Hills Shopping Center in Roanoke, Va. Divaris Real Estate and Metro Commercial represented PetSmart in the transaction.

    DRE is the exclusive tenant representative for PetSmart in Virginia and Metro Commercial is the national tenant representative for PetSmart.

  • Times Square Mall welcomes Hobby Lobby

    Mount Vernon, Ill. — Hobby Lobby has signed a lease for 52,729 sq. ft. at Times Square Mall in Mount Vernon, Ill., and plans to open in the first quarter of next year, according to Pine Tree Commercial Realty LLC.

    Pine Tree owns the 269,328-sq.-ft. center, anchored in partnership with The Sansone Group and Wanxiang America Real Estate Group.

     

  • JLL takes on five new retail assignments

    Chicago — Jones Lang LaSalle Retail has announces five new retail assignments. They are:

    • Tenant representation services for Pure Barre, a growing fitness franchise.

    • Leasing and management for the 802,275-sq.-ft. Coventry mall in Pennsylvania.

    • Leasing assignment for an 11-building 817,000-sq.-ft. portfolio of strip centers in SoCal.

    • Leasing for a 12-building, 165,100-sq.-ft. portfolio of street-level retail space in New York City on behalf of Equity Residential Management.

  • Publix announces North Carolina store openings as it scouts for more locations

    Lakeland, Fla. -- Publix Super Markets on Friday announced it will enter the Winston-Salem market and add a third location in Mecklenburg

    The Winston-Salem store will measure 49,000 sq. ft. and is slated to open in 2015. The Cornelius store, located in Mecklenburg County, will also encompass 49,000 sq. ft. and will feature a drive-thru pharmacy. Opening is planned for late 2014.

    Publix continues to aggressively look for additional locations throughout the state of North Carolina, the grocer said.

     

  • DDR, Blackstone close on $332 million portfolio

    Beachwood, Ohio — DDR Corp. has announced that a joint venture formed with an affiliate of Blackstone Real Estate Partners VII L.P. has closed on the acquisition of a portfolio of seven prime shopping centers totaling 2.4 million sq. ft. The assets are located in supply constrained MSA’s including Los Angeles, San Diego, Washington D.C., Portland, Harrisburg, Pa., and Cincinnati.

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