Real Estate

Virginia Beach, Va. -- Divaris Real Estate Inc. announced the following lease transactions were completed for several retail tenants:

A lease extension was signed with Tidewater Finance Co. for 25,516 sq. ft. of retail space in the DRE-leased and –managed Tidewater Plaza in Virginia Beach.

Atlanta -- Jones Lang LaSalle announced it has hired Paul Berkman, Craig Slosberg, Davie Berke and Justin Haber in New York. The retail brokers will head the expansion of the firm’s retail tenant representation services in Manhattan.

Boston -- The Wilder Cos. announced the addition of Jo-Ann Fabric & Crafts at two of its New Hampshire shopping centers.

Jo-Ann Fabric and Crafts recently opened at Belknap Mall, the only enclosed shopping mall north of Concord. The new store joins Peebles Department Store, Shaw’s, Maurices, Lakes Region Jewelers, CVS and Dunkin Donuts at the 218,500-sq.-ft. mall.

Chattanooga, Tenn. -- CBL & Associates Properties announced it has acquired interests in The Outlet Shoppes at El Paso in El Paso, Texas, and The Outlet Shoppes at Gettysburg in Gettysburg, Pa.

The operating outlet centers are owned and managed by Horizon Group Properties and its affiliates.
 
CBL has acquired a 75% interest in The Outlet Shoppes at El Paso and a 50% interest in The Outlet Shoppes at Gettysburg, for a total investment of $108.7 million.

Oxford, Mich. -- X Team, an international alliance of retail real estate advisors, announced that Detroit-based partner Stokas Bieri Real Estate represented Center Management in the purchase of The Promenade at Waterside in Oxford, Mich.

Raleigh, N.C. -- Dallas-based Cypress Equities announced that Sally Beauty Supply will open a 1,354-sq.-ft. location at Plantation Point Shopping Center, located in Raleigh, N.C.

Sally Beauty Supply will be located between Rapid Refill and Dollar Tree at Plantation Point Shopping Center. The store is slated to open in spring 2012.

Bridgeport, W.Va. -- Youngstown, Ohio-based Cafaro Co. announced that Planet Fitness will open a new gym at the company’s Meadowbrook Mall, located in Bridgeport, W.Va.

The 23,000-sq.-ft. facility is slated to open in September, in a space currently occupied by High Point Furniture.

The Meadowbrook Mall Complex, at nearly one million sq. ft., is anchored by Elder-Beerman, J.C. Penney, Target, Sears and Marshalls.
 

Phoenix -- Cole Real Estate Investments and RED Development have announced the acquisition of Macerich’s interests in two retail power centers located in Chandler, Ariz.

In a related transaction, Cole acquired 100% ownership of a third power center located in Gilbert, Ariz. The transaction value for all three properties is $100.55 million.