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Real Estate

  • Bonefish Grill enters Massachusetts market in Burlington, Mass.

    Boston -- Bonefish Grill has signed up for 4,614 sq. ft. at the Wayside Shopping Center in Burlington, Mass., the retailer’s first Massachusetts location, according to The Wilder Cos., Wayside’s leasing, management and development firm.

    Part of the multi-phase revitalization of the open-air center, Bonefish anticipates opening in late fall of this year.

  • Cincinnati’s Colerain Towne Centre sells for $30 million

    Cincinnati, Ohio -- Kimco Realty has sold Colerain Towne Centre, a 400,000-sq.-ft. Cincinnati power center, for $30 million, according to Mid-America Real Estate Corp.’s investment sales group, which represented Kimco in the transaction in cooperation with Anchor Associates. The buyer is a private real estate company.

  • CBRE brokers sale of Houston-area center

    Houston -- CBRE’s national retail investment group has arranged the sale of Sheldon Forest Shopping Center in Channelview, Texas, east of Houston, on behalf of Weingarten Realty Investors.

    Gerland’s Food Fair anchors the 97,380-sq.-ft. center. Major tenants include Family Dollar and Burke’s Outlet. Both Phase I and II of the center are 100% occupied.

    Capcor Partners purchased the property for an undisclosed price.

     

  • West Elm makes Missouri debut in St. Louis

    Brooklyn, N.Y. -- West Elm is opening its first location in Missouri – at the St. Louis Galleria.

    The 8,385-sq.-ft. store, slated to open in July, will incorporate works by local artists as part of its plan to support St. Louis talent.

    “Our customers are as passionate about supporting artists in their local communities as we are at West Elm,” said Jim Brett, president of West Elm. “We are proud to be incorporating some of St. Louis’ most talented artists into the assortment for our new store.”

  • RILA: Green Lease teams landlords and tenants toward sustainability

    Washington, D.C. -- A first-of-its-kind document could go a long way toward cementing the sustainability relationship between retailer tenants and their shopping center landlords.

  • Sport Chalet, Los Angeles

    Sport Chalet has opened its first urban retail concept, at the renovated FIGat7th center in downtown Los Angeles. Sleek and contemporary looking, the 27,000-sq.-ft. store puts the emphasis on education and training, with a dedicated central area, the “Expert Center,” for classes and clinics. It’s designed to facilitate customer interaction with in-store experts on any topic, ranging from bike repair to the area’s best surfing spots.

  • Newest version of LEED green building system to launch in fall

    New York -- The U.S. Green Building Council’s membership has voted to adopt the next version of its LEED (Leadership in Energy and Environmental Design) green building certification system.

    The new update, LEEDv4, will launch this fall at USGBC’s annual Greenbuild convention. It has been expanded to include more building sectors, such as data centers, warehouses and distribution centers.

    Another LEED v4 change includes allocating about 20% of all points to optimizing energy performance over the ASHRAE 90.1-2010.

  • Krispy Kreme refranchises Dallas

    Winson-Salem, N.C. – Krispy Kreme Doughnut Corporation has completed the sale of three company-owned stores in the Dallas market to Sun Life Holdings LLC as part of a broader agreement where Sun Holdings has agreed to develop 15 additional Krispy Kreme locations in the market during the next five years. Sun Holdings operates nearly 400 restaurants in Texas and Florida, including the Burger King, Popeye's, Arby's, CiCi's, Golden Corral and Del Taco brands. The company also operates 13 T-Mobile stores.

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