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Real Estate

  • Ballpark Village in St. Louis signs three new tenants

    Baltimore — Jamba Juice, The Fudgery and Majestic Athletic have signed with Ballpark Village in St. Louis.

    Ballpark Village is a mixed-use retail, entertainment, office, and residential district being developed in partnership by the St. Louis Cardinals and The Cordish Companies.

  • Dick’s Sporting Goods to open two new stores

    Pittsburgh — Dick’s Sporting Goods has announced the opening of two new stores, one in Wauwatosa, Wis., and the other in Daly City, Calif.

    The Wauwatosa location will be Dick’s 8th store in Wisconsin and its 562nd nationwide. The Daly City location will be the 33rd California store and its 563rd in the U.S.

     

  • Five Below sees improving trends in challenging fourth quarter

    A severe winter may have affected sales results for many retailers, but Five Below saw improving trends as it weathered the fourth quarter.

    Net sales increased by 22% to $212 million from $173.6 million in the prior-year quarter, which consisted of 14 weeks. Comparable-store sales increased by 0.3% on a 13-week basis.

    The company ended the quarter with 304 stores in 19 states, an increase of 25% from the end of the prior-year quarter.

  • CBRE sells Westover Marketplace in San Antonio

    Los Angeles — CBRE’s nation retail investment group has announced the sale of San Antonio’s Westover Marketplace Shopping Center on behalf of Coventry Real Estate Advisors. Inland American purchased the 242,664-sq.-ft. property for an undisclosed price.

    The Class A regional power center resides inside the Westover Hills master-planned development. It is 93.4% occupied.

  • Wow! Inks deal in Pawcatuck, Conn.

    Burlington, Mass. — New England regional fitness company, Wow! WorkOut World has subleased an 18,474-sq.-ft. space at Pawcatuck Shopping Center in Pawcatuck, Conn. KeyPoint Partners negotiated the sublease on behalf of its client Stop & Shop.

    Pawcatuck Shopping Center is a convenience-oriented center with a variety of local tenants and a Rite Aid pharmacy.

    The KeyPoint Partners leasing team handles leasing for retail properties totaling nearly six million sq. ft.

  • Five retail leases signed in Hampton Roads, Va.

    Virginia Beach, Va. — The Virginia Beach office of Divaris Real Estate has finalized leases for five retail spaces throughout Hampton Roads, Va.

     SunTrust Bank has signed a lease extension for 3,000 sq. ft. in Willow Oaks Village Square Shopping Center in Hampton, Va. Divaris handled lease negotiations on behalf of the landlord, Willow Oaks Associates.

  • AT&T to sponsor rooftop deck at Cardinals Nation

    Baltimore — The Cordish Cos. and the St. Louis Cardinals have announced that AT&T has joined Ballpark Village in St. Louis as the naming rights sponsor for the two-story seating deck atop Cardinals Nation. As part of a multi-year agreement, the Cardinals Nation ticketed deck will be known as the AT&T Rooftop.

  • Cocina Mexicana to Manassas, Va., shopping center

    Manassas, Va. — Don Lencho Cocina Mexicana has opened at Manassas Shopping Center in Manassas, Va., next to Xtreme Archery. This is the third Washington, D.C., area restaurant owned by the husband and wife team of Juarez and Karen Barroso. The couple also owns Guajillo in Arlington, Va., and Casa Oaxaca in Adams Morgan in Washington, D.C.

    The Manassas Shopping Center retail store line-up includes Peebles, Hancock Fabrics, Advance Auto Parts, Tony’s New York Pizza and the Manassas School of Dance.

  • Express opens in Times Square

    New York — Specialty apparel retailer Express has opened a three-level 28,000-sq.-ft. store in the I. Miller building New York City’s Times Square.

    “It’s Express on steroids,” said Michael Weiss, the chairman and chief executive officer of Express. “This is an elevated presentation where the homes for each category are much more defined.”

  • RadioShack opens Manhattan concept store

    Fort Worth, Texas -- RadioShack has opened its latest Manhattan concept store. The newly remodeled store is one of more than a dozen concept stores to open in Manhattan since RadioShack debuted the company's first concept store in July 2013.

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