Real Estate

Dallas -- Edge Realty Partners has announced the launch of Edge Realty Capital Markets, which will focus on the investment sales of retail, multi-family and healthcare properties.

Brandon Beeson and Mart Martindale will lead Edge Capital Markets as principals. Steven Smith is also joining the firm as an executive VP.

Beeson previously was senior director with Berkadia where he focused on representing owners in sale of retail assets.   

Dallas -- SRS Real Estate Partners announced two new hires in the South Florida office, as Dominic Delgado and Evan Richardson both joined the team as senior associates.

Delgado will focus on investment services, landlord representation, tenant representation and disposition services.  Prior to joining SRS, he worked in Miami as community association management coordinator for KW Property Management.

San Francisco -- Jones Lang LaSalle announced that John Stevens joined the firm’s San Francisco office as VP leasing specialist. A 25-year veteran of commercial real estate, Stevens will focus on leasing space in the firm’s 12 million-sq.-ft., third-party retail portfolio on the West Coast.

Hoffman Estates, Ill. -- Two months after Sears Holdings Corp. received a $150 million Illinois tax credit for cementing its plans to keep its home base in the state, it announced Monday that it would close six stores in Illinois.

The retailer had already announced in December – two weeks after the tax credit – that it would close 100 to 120 stores, but no Illinois stores were on the initial list.

Kansas City, Kan. – OTB Destination announced that the area’s first White House | Black Market Outlet boutique will open at Legends Outlets Kansas City in May 2012.

The women’s retailer will offer a collection designed specifically for the outlet boutique, while offering a select assortment of product from their full-price boutiques as well. The White House Black Market Outlet boutique will occupy an overall square footage of 2,955 next to Saks Fifth Avenue Off 5th.

Moorestown, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said it has been appointed property manager and exclusive leasing agent for Moorestown Shopping Center, a 48,920-sq.-ft. retail venue in Moorestown, N.J.

The center is tenanted by health club Retro Fitness, along with Dunkin’ Donuts, Family Dollar and a number of local businesses, including a dry cleaner, a martial arts studio and a tanning and beauty salon.

Costa Mesa, Calif. -- Transwestern announced the renewal of a multi-year, $4.69 million lease of a 53,164-sq.-ft. office space for Anna’s Linens in Costa Mesa’s Harbor Gateway Business Park.
 
The office will continue to be used by Anna’s Linens as its corporate headquarters.

“We are very pleased to maintain our headquarters here in Orange County, where the company was born,” said Alan Gladstone, chairman and CEO of Anna’s Linens.

Wheaton, Ill. -- Oakbrook Terrace, Ill.-based Mid-America Asset Management announced that the expansive renovation of Rice Lake Square, in Wheaton, Ill., has been completed.

The 251,313-sq.-ft. shopping center, renovated over a five-month period, received new roof uplighting and tower elements, two new pedestrian plazas, several parking spaces, improvements to traffic flow and landscaping, and new signage that was placed last December.