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Real Estate

  • Icebreaker to open in mixed-use building near Union Square

    San Francisco -- Grosvenor Americas said that its mixed-use building at 180 Post Street just off San Francisco’s Union Square will soon be home to Icebreaker, which will sell its exclusive line of merino wool adventure apparel in a new 1,500-sq.-ft. store.

    The new store is slated to open on Nov. 21, and by March 2012 the New Zealand- based retailer will complete the store’s conversion to a “TouchLab” that enables customers to touch raw merino fibers.

  • Bravo! Cucina Italiana opens at Willow Grove Park

    Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust announced that Bravo! Cucina Italiana has opened at Willow Grove Park.

    The 7,500-sq.-ft. restaurant is the first of its kind in the region, according to PREIT.

  • Jones Lang LaSalle to lease and manage Grande Promenade

    Charlotte, N.C. -- Atlanta-based Jones Lang LaSalle announced that USA Grande Promenade Management chose the firm to lease and manage Grande Promenade, a 202,000-sq.-ft., multi-level, mixed-use property in Charlotte, N.C.

    The new assignment brings Jones Lang LaSalle’s retail portfolio in North Carolina to nearly 1.4 million sq. ft. of space.

  • Cypress Equities hires leasing rep

    Dallas -- Cypress Equities said it has expanded its corporate leasing team with the addition of Karly Kilroy and Allison Campbell.

    Kilroy joins Cypress as senior leasing manager and is responsible for developing and leveraging relationships with potential tenants and facilitating leasing solutions for Cypress’ nationwide retail and mixed-use projects. 

  • Athleta to open new store at Vernon Hills shopping center

    Scarsdale, N.Y. -- Dallas-based SRS Real Estate Partners said that Athleta, a division of Gap, has signed a lease for 5,833 sq. ft. to build and operate one of its first suburban stores in New York at Vernon Hills Shopping Center in Scarsdale/Eastchester, N.Y.

    A spring 2012 opening is planned.

  • Christopher & Banks to close 100 stores over next three months

    Minneapolis -- Christopher & Banks Corp. announced Friday that it will close about 100 underperforming stores over the next three months, as part of a restructuring plan that also includes format consolidations and workforce reductions.

    The women’s apparel retailer said it plans to complete most of the store closings by the end of January 2012, and will accelerate plans to convert or consolidate a number of its existing Christopher & Banks and CJ Banks stores into dual-format stores.

  • Regency Center to launch 81,000-sq.-ft. ground-up development

    Medford, Ore. -- Jacksonville, Fla.-based Regency Centers announced the construction of Northgate Marketplace, an 80,900-sq.-ft. neighborhood center anchored by new-to-the-market anchors REI and Trader Joe’s. 

    The grocery-anchored center is located in the regional retail hub of Medford, Ore. In partnership with Northgate, Regency Centers is developing the first phase of its first shopping center in Medford which will create more than 250 permanent jobs.

  • Dollar Tree opens at Pine Tree Shopping Center

    Portland, Maine -- Brixmor Property Group announced a 11,002-sq.-ft. Dollar Tree recently opened at Pine Tree Shopping Center, in Portland, Maine.

    Brixmor, based in New York City, is the owner of Pine Tree Shopping Center.
     

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