Real Estate

Green Bay, Wis. -- Jones Lang LaSalle said Thursday that business at East Town Mall, in Green Bay, Wis., would continue as usual, as the Atlanta-based company takes over as receiver for the mall.

The 198,000-sq.-ft. regional shopping center is located on the east side of Green Bay, Wis., in Brown County. Greg Maloney of Jones Lang LaSalle was appointed receiver and, under his leadership, JLL’s retail leasing and management team assumed immediate oversight of the mall and put its expertise to work to help stabilize the asset.

Loveland, Colo. -- The Promenade Shops at Centerra, located in Loveland, Colo., announced that Medicine Bow Furnishings has opened a new store at the south end of the center, across from Barnes & Noble.

The Promenade Shops at Centerra features over 72 shopping, dining and entertainment destinations.
 

New York – Dallas-based SRS Real Estate Partners said it has negotiated an 11,825-sq.-ft. lease on behalf of Party City for a new store in the Penn Plaza district of Manhattan.

The store, at 223 West 34th St., is scheduled to open in second quarter 2012. This will be the party goods retailer’s second location in Manhattan.
 

The Brentwood, Tenn.-based farm and ranch retailer saw same-store sales increase 11.5% in the first quarter ended March 31. Net sales increased 22% to $1.02 billion.

Net income for the quarter was $40.3 million, compared to net income of $18.3 million in the same quarter last year.

Malibu, Calif. -- Southern California lifestyle center Malibu Country Mart welcomed Kolletti Bambini, a boutique specializing in designer clothing and accessories for children and infants.

The 630-sq.-ft. boutique opened on April 20.
 
Malibu County Mart features 90,000 sq. ft. of high-end retail, dining and services housed in an eclectic mix of architectural styles including Mediterranean, modern and rustic influences. 
 

Easton, Pa. -- Purchase, N.Y.-based National Realty & Development has announced the opening of Panera Bread at Northampton Crossings, located in Easton, Pa. Panera occupies a 3,860-sq.-ft. drive-thru space.

PetSmart will open at the center in late spring, with a 12,500-sq.-ft. store. The two new stores join anchor tenants Walmart Supercenter, Kohl’s, Sam’s Club and Regal Cinemas.

Other recent transactions at the center include Staples and Shoe Show lease renewals.
 

Denver -- Marcus & Millichap Real Estate Investment Services announced that Jon Hendrickson has been named associate director of the firm’s National Retail Group in Denver.

Hendrickson joined Marcus & Millichap’s sales intern program in 2004, became an agent in 2006 and was promoted to senior associate in 2009.
 
 

Irvine, Calif. -- Hanley Investment Group Real Estate Advisors said that Jonathan Selznick has joined the company as VP.

Selznick was most recently a broker with Pacific Commercial Investments in Irvine, Calif., where he advised clients on the acquisition and disposition of retail investment properties.