Real Estate

Boynton Beach, Fla. -- Indianapolis-based Simon Property Group announced that its Boynton Beach Mall property recently welcomed eight new local retailers to its tenant lineup and has also announced the South Florida debut of CCS, a national skate and extreme sports concept store from Foot Locker, to open later this year.

Additionally, several national retailers are in the process of renovating and updating existing locations at the regional shopping mall.

Los Angeles -- SPL Realty Partners announced that it has secured a retail space for footwear retailer Aerosoles in Citadel Outlets in Los Angeles.

The 2,059-sq.-ft. store is scheduled to open on May 19 in the new third phase of Citadel Outlets, the only outlet center in Los Angeles County. The space boasts almost 50 ft. of frontage and sits adjacent to Under Armour, across from adidas and converse and steps from a large parking field.

Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Jos. A. Bank has opened at Willow Grove Park, in Willow Grove, Pa.

The 4,465-sq.-ft. store is located next to Bloomingdale’s and joins other men’s fashion collection stores Men’s Wearhouse and Tux, Express, J. Crew, Banana Republic and Guess.

New York City -- Winick Realty Group announced that Island Burgers & Shakes, the 15-year-old burger restaurant in Hell’s Kitchen, has signed a lease for its second Manhattan location at 422 Amsterdam Avenue, between 80th and 81st Streets on the Upper West Side.

Island Burgers & Shakes will occupy 700 sq. ft. of ground-floor space, as well as a 500-sq.-ft. basement, when it opens later this year.
 

Frisco, Texas -- New York City-based Centro Properties Group said that The Foundry Big & Tall Supply Co. has opened at Preston Ridge, located in Frisco, Texas.

The 5,000-sq.-ft. store is part of the new Growth Brands Division at J.C. Penney Co.

Preston Ridge is owned by Centro.
 

Plymouth Meeting, Pa. -- Fameco Real Estate announced that it is opening an office in center city Philadelphia to better accommodate the growth of its clientele in the market. 

Las Vegas -- The Forum Shops at Caesars, in Las Vegas, announced that six new stores will be opening soon, joining the 11 new stores and restaurants that have come to The Forum Shops in the past year.

The new stores include Christian Louboutin, Rimowa, Panerai, Hublot and Coach Mens – a first in Las Vegas.

St. Paul, Minn. -- Paster Enterprises announced that Whole Foods Market is opening a 32,000-sq.-ft. standalone location at the company’s Minnetonka property.

Construction on the project, a joint venture between Paster Enterprises and Shiner Capital Partners, a Chicago-based real estate investment firm, officially began on April 20.

Irvine, Calif. -- Passco Cos. LLC said it has purchased four CVS stores in sale-leaseback deals.
 
All four stores are newly constructed and recently opened by CVS, typical of the prototype for newer CVS retail/pharmacy stores. These features include drive-thru pharmacies, pick up stations, integration of CVS merchandise plans with interior design, and exterior signage modified to meet local ordinances.

Fort Worth, Texas -- Trademark Property Co. said it is relaunching its WestBend mixed-use development in Fort Worth, Texas.

The move comes after strategically halting construction in fall of 2008 to wait for a recovery in the retail market. The first order of business will be the completion of the seven-level garage providing 798 parking spaces to serve the existing office buildings and restaurants. Additional new retail construction is slated to begin in mid-2012 with a grand opening projected for late 2013.