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Real Estate

  • Primark/Sears Real Estate Deal

    The ongoing quest of Sears Holding Corp. to leverage its vast real estate portfolio helped pave the way for British fast-fashion retailer Primark to enter the United States, giving the import access to space in malls throughout the Northeast.

    In late 2014, Primark struck a deal with Sears to lease a total of approximately 520,000 sq. ft. in seven Sears mall-based locations. All the space is expected to be delivered to Primark by the end of 2015.

  • THE SHOPPES AT MIDDLETOWN

    Developer: National Realty & Development Corp.

    Company HQ: Purchase, New York

    Project Location: Middletown, New Jersey

    Project Size: 380,000 sq. ft.

    Project Status: Opening 2017

    Project Website: www.shoppesatmiddletown.com

  • OLSHAN PROPERTIES

    Company HQ: New York City

    Company Website: www.olshanproperties.com

  • BRIXMOR PROPERTY GROUP

    Company HQ: New York City

    Company Website: www.brixmor.com

  • Ins and Outlets

    Outlet malls are often associated with not only appealing deals on name-brand products, but also with driving long distances to get to the far-flung locations where outlets have traditionally been located.

    But that is all changing — and changing fast.

  • IS PRIMARK THE NEXT BIG THING?

    Over the past 15 years or so, fast-fashion has evolved from a trend to a phenomenon to an industry standard — one that has largely redefined the U.S. apparel retailing landscape.

    From home-grown Forever 21 to Swedish import H&M, the market is awash in stores offering cheap, on-trend clothes at low prices. And now another import has entered the mix, Primark, which opened its first U.S. store in September, in Boston, the first of eight initial locations.

  • The Hardy Northeast

    Some parts of the country are still waiting for economic recovery, but the Northeast is already enjoying a return to financial prosperity.

    The Northeastern U.S. offers a consumer base that is better educated and wealthier than that of many other areas. As a result, vacancies in Northeast centers tend to be low, giving landlords leverage in determining rents and tenant mixes.

  • DOWNTOWN CROWN

    Project Owner: RPAI

    Company HQ: Oak Brook, Illinois

    Project Location: Gaithersburg, Maryland

    Project Size: 258,000 sq. ft. of retail space

    Project Status: Open and operating

    Company Website: www.rpai.com

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