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Real Estate

  • Trademark Property acquires department store

    Fort Worth, Texas -- Trademark Property Co. said Tuesday it acquired a vacant 67,000-sq.-ft. department store space formerly occupied by Mervyn’s in its Santa Fe Place mall located in Santa Fe, N.M.

    The 571,238-sq.-ft. Santa Fe Place was acquired in the summer of 2010. Trademark is directing the remerchandising and redevelopment of the property, which is Northern New Mexico’s only regional mall, for its private equity partner.

  • Two new leases signed at Greenwood Springs shopping center

    Greenwood Springs, Ind. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Greenwood Springs, Ind., to two new tenants at Greenwood Springs shopping center.

    Cannoli Queen has leased 1,400 sq. ft. of restaurant space and Superior Discount Liquors has leased 2,800 sq. ft. of retail space. The businesses are slated to open in the spring.

    The 292,827-sq.-ft. shopping center is anchored by Walmart and Gander Mountain alongside national retailers such as Sport Clips and Buffalo Wild Wings.

  • Three retailers to open at Cherry Hill Mall this spring and summer

    Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that its Cherry Hill Mall property, located in Cherry Hill, N.J., will welcome three new retailers this spring and summer.

    Lids Locker Room opened in March, and two shoe retailers, Traffic and Clarks, are slated to open this summer.

  • Georgetown Co. acquires Old Navy Chicago flagship building for $23 million

    New York City -- Robert K. Futterman & Associates said that it represented buyer The Georgetown Co. in the acquisition of 35 North State Street, a 60,000-sq.-ft. building in Chicago, for $23 million.

    The building is currently net-leased to Old Navy and serves as the retailers’ Chicago flagship. 

  • Wilder Cos. announces hirings, promotions

    Boston -- The Wilder Cos. announced several new hires, including Howard A. West II, who joins the company as asset manager to assist in monitoring various properties’ financial and operating performance, act as a liaison to ownership groups on management and reporting issues, provide assistance on property acquisitions, and oversee daily operations for various shopping centers throughout the portfolio. 

  • Shoppers World to open at Northern Lights Shopping Center

    Columbus, Ohio -- Tarrytown, N.Y.-based DLC Management Corp. said that Shoppers World has signed a lease at Northern Lights Shopping Center in Columbus, Ohio. The 40,805-sq.-ft. apparel/variety merchandise retailer signed an eleven year lease and will join a dominant tenant lineup at this 361,000-sq.-ft. shopping center including Kroger, Marshall’s, Sears Outlet, and Citi Trends.

    Shoppers World is expected to open in the summer.

  • Muska Milano to open on Madison Avenue

    New York City -- Prudential Douglas Eilliman’s Retail Group announced that in less than two weeks after arranging the sale of a multi-level retail condominium at 1086 Madison Avenue, the retail sales and leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, have leased the boutique space to luxury handbag and accessories importer Muska Milano. 

  • The Snooty Fox to open at Hyde Park Plaza

    Cincinnati -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Cincinnati, at Hyde Park Plaza to The Snooty Fox.

    An upscale consignment shop, The Snooty Fox has leased 5,000 sq. ft., bringing the center to 96% leased. It is slated to open for business this summer.

    The 396,861-sq.-ft. shopping center is anchored by a 99,675-sq.-ft. Kroger and a 69,592-sq.-ft. Biggs alongside national retailers such as Michaels, Massage Envy, Panera Bread, Starbucks and Staples.

  • Advance Auto extends lease at 25th St. Shopping Center

    Easton, Pa. -- New York City-based The Lightstone Group said that Advance Auto Parts has signed a seven-year, 9,000-sq.-ft. lease extension at 25th Street Shopping Center in Easton, Pa.

    The 25th Street Shopping Center is a 131,000-sq.-ft. retail strip corridor home to CVS, RadioShack, Petco, Retro Fitness, Jenny Craig, McDonald's, Pizza Hut and Sherwin-Williams.

  • Jones Lang LaSalle names Florida managing director

    Orlando, Fla. -- Jones Lang LaSalle said Tuesday it has appointed Carson Good to lead the firm’s retail capital market business throughout Florida.

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