Real Estate

Encino, Calif. -- Marcus & Millichap Real Estate Investment Services said it has promoted Bill Rose to director of the National Retail Group.

Rose joined Marcus & Millichap’s San Diego office in September 2003 as a retail and multifamily investment specialist. He was promoted to senior associate in September 2006. He rejoined the firm in November 2009 as sales manager of the San Diego office and in November 2010 was named western regional director of the NRG.
 

Irvine, Calif. -- Passco Cos. LLC said it has purchased four CVS stores in sale-leaseback deals.
 
All four stores are newly constructed and recently opened by CVS, typical of the prototype for newer CVS retail/pharmacy stores. These features include drive-thru pharmacies, pick up stations, integration of CVS merchandise plans with interior design, and exterior signage modified to meet local ordinances.

Plymouth Meeting, Pa. -- Fameco Real Estate announced that it is opening an office in center city Philadelphia to better accommodate the growth of its clientele in the market. 

Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Jos. A. Bank has opened at Willow Grove Park, in Willow Grove, Pa.

The 4,465-sq.-ft. store is located next to Bloomingdale’s and joins other men’s fashion collection stores Men’s Wearhouse and Tux, Express, J. Crew, Banana Republic and Guess.

Jacksonville, Fla. -- Shopping center owner and developer Regency Centers said it has implemented Textura Corp.’s Pre-Qualification Management in the company’s East Region. 

Regency was already using the Construction Payment Management (CPM) system, then engaged Textura to deploy its Pre-Qualification Management (PQM) system.

Houston -- The Vista Cos. and Vista Spring Green, Ltd. announced that McDonald's USA has signed a 56,000-sq.-ft. ground lease at The Plazas at Spring Green.

Construction on a new 4,800-sq.-ft. McDonald’s restaurant will begin in the coming weeks and is set to open in November.

The Plazas at Spring Green, a Vista Equities Group development, is located in Katy, Texas.

Fort Worth, Texas -- Trademark Property Co. said it is relaunching its WestBend mixed-use development in Fort Worth, Texas.

The move comes after strategically halting construction in fall of 2008 to wait for a recovery in the retail market. The first order of business will be the completion of the seven-level garage providing 798 parking spaces to serve the existing office buildings and restaurants. Additional new retail construction is slated to begin in mid-2012 with a grand opening projected for late 2013.

New York City -- Britain’s trendy fashion brand Superdry plans to open three stores in the United States by July.

New stores are slated to open at Valley Fair, Santa Clara, Calif., in late May; at the South Street Seaport in Manhattan in June; and at Mall of America, in Bloomington, Minn., in July.

The company, which hopes to open 10 to 12 stores a year over the next four years, would like to open additional stores in the Los Angeles, Boston, Chicago and Miami markets, according to Women’s Wear’s Daily.