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Real Estate

  • W.P. Carey acquires H&M DC in Poland for $85 million

    New York -- Real estate investment trust W.P. Carey has acquired a Hennes & Mauritz logistics center in Poznan, Poland.

    W.P. Carey, through one of its affiliates, purchased the 896,911-sq.-ft. facility for $85 million.

    The center, which supplies all of H&M’s Eastern European stores as well as serves as its primary European e-commerce logistics hub, will be leased back to H&M.

  • Developer McWhinney moves Denver offices

    Denver -- McWhinney has moved its Denver offices to a historic building in Larimer Square.

    The new location is closer to McWhinney’s two LoDo redevelopment projects — Union Station and the Historic Windsor Dairy Block. The company’s headquarters will remain in Loveland, Colo.

     

  • Epic Stores leases Phoenix big-box

    Phoenix -- GDC/RE has leased a 47,036 former Phoenix Safeway to Epic Stores. The transaction marked GDC/RE’s tenth lease of more than 10,000 sq. ft. in the last 12 months.

    “Arizona has been seen as the poster child of big-box vacancy in recent years,” says Joe Doucett, co-founder and designated broker of GDC/RE. “Our firm has re-tenanted every anchor and other large-format space in our portfolio.”

     

  • Levin Management announces new assistant VP marketing

    North Plainfield, N.J. -- Levin Management has promoted Melissa Sievwright to assistant VP marketing from director of marketing. Sievwright joined the company as associate marketing director in 2010.

    When she moved up to director of marketing, she took on the firm’s corporate branding efforts, implemented promotional campaigns for client properties and supported Levin’s efforts to market vacancies within the company’s 90 shopping centers.

  • Divaris renews five Hampton Roads leases

    Virginia Beach, Va. -- Divaris Real Estate has represented the landlords in the renewal of five leases covering more than 18,500 sq. ft. in Hampton Roads, Va., retail properties.

    Two of the leases were with Willow Oaks Associates, landlord of Willow Oaks Village Square Shopping Center in Hampton. The City of Hampton renewed a 7,778-sq.-ft. space, and Virginia ABC renewed its 3,300-sq.-ft. lease.

    Mattress Firm renewed for 3,982 sq. ft. with JLP Chesapeake, owner of the Crossways Shopping Center in Chesapeake.

  • Turnersville, N.J.’s Washington Plaza signs credit union

    Purchase, N.Y. -- National Realty & Development Corp. has announced that the Police and Fire Federal Credit Union will take 4,000 sq. ft. in Washington Plaza in Turnersville, N.J.

    It will be the first New Jersey location for the Credit Union. Burlington Coat Factory and LA Fitness anchor the 196,000-sq.-ft. shopping center.

     

  • Fort Worth’s West 7th inks two new leases

    Fort Worth, Texas -- Brewsters Burger Bar and Chiro One Wellness Centers have leased space in the Fort Worth mixed-use development of West 7th, according to Cypress Equities, the property’s developer.

    Brewsters Burger Bar will open a 2,969-sq.-ft. location in December of this year.

    Chiro One Wellness Centers will open a 2,563-sq.-ft. location in fourth quarter 2013. It will be the tenth Chiro One in the Dallas-Fort Worth metropolitan area.

     

  • Muscle Maker Grill relocates in Manhattan

    New York -- Muscle Maker Grill has moved from its Eighth Avenue Manhattan location, which was damaged by Hurricane Sandy, to Seventh Avenue between 16th and 17th Streets in Chelsea, according to Winick Realty Group. The new Muscle Maker will open in late summer or early fall.

    Winick represented Muscle Maker, and Duell Management, the landlord, was represented in-house.

     

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