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Real Estate

  • Sally Beauty Supply to open at Plantation Point

    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.

  • Planet Fitness to open at Meadowbrook Mall

    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.
     

  • Cole Real Estate and RED acquire Macerich interest in Arizona power centers

    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.

  • Alamo Drafthouse Cinema to open first Manhattan location

    New York City -- Charter Realty & Development announced it has leased 15,000 sq. ft. for a five-screen Alamo Drafthouse Cinema in Manhattan.

    The location, 2626 Broadway, is in the upper west side and is owned by Bialek and Associates of Manhattan. Alamo will be occupying the former Metro Theater and intends on renovating it back to its former glory. The deal represents Alamo Drafthouse Cinema’s first entry into New York City and the company is looking for further growth opportunities in the market.

  • Marcus & Millichap names National Retail Group appointments

    Encino, Calif. -- Marcus & Millichap Real Estate Investment Services announced a number of appointments within its National Retail Group offices around the country.

    Joel M. Dumes has been named director of the firm’s National Retail Group in Cincinnati; Dumes is currently VP investments for the company.

    Scott J. Wiles, a seven-year veteran of the company, was named director of the firm’s National Retail Group in Cleveland, and Erin E. Patton is now director of the National Retail Group in Columbus, Ohio.

  • NewMark Merrill announces mall purchase and six management contracts

    Woodland Hills, Calif. -- NewMark Merrill Cos. has announced the acquisition of Twin Peaks Mall in Boulder, Colo., as well as six new property management contracts totaling more than one million sq. ft.

    The new property management assignments include six California centers: Simi Valley Town Center, Lancaster Plaza, Visalia Center, Topanga Willows, Paseo Marketplace in Thousand Oaks, and Page Plaza in Hemet.

  • Divaris completes leases for over 80,000 sq. ft.

    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.

  • Jones Lang LaSalle names team to expand services in New York

    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.

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