Real Estate

Construction is currently underway at Jefferson Commons, a regional shopping center in a booming area of Louisville, Ky. Developed by GBT Realty Corp., based in Brentwood, Tenn., the 230,000-sq.-ft. Jefferson Commons will feature Academy Sports + Outdoors, Five Below, Mattress Firm, Mens Wearhouse, Hancock Fabrics and Avalon Nails.  

New York – Fast-fashion retailer H&M is reportedly opening a new 21,000-sq.-ft. store at the Dayton Mall in Dayton, Ohio on Thursday, Oct. 30. According to the Dayton Business Journal, H&M has hired 30 employees to staff the location.  

Mooresville, N.C. -- Lowe's announced that it will enter its first two stores in Manhattan. The home improvement giant has two locations slated to open in the second half of 2015, one at 2008 Broadway at West 68th Street, and a second at 635 6th Avenue at West 19th Street.  

Sunrise, Fla. - The Sawgrass Mills outlet and value retail shopping center has begun construction on the next expansion of its open-air luxury promenade, The Colonnade Outlets at Sawgrass Mills. The planned project will include an additional 80,000 sq. ft. to comprise 30 additional luxury outlet stores and full-service restaurants, which will join a roster of existing brands like Prada, Gucci, Tory Burch, Burberry and more.  

Corte Madera, Calif. -- RH (Restoration Hardware Holdings) announced today the opening of its store, RH The Gallery, in West Hollywood, Calif.       With nearly 40,000 total interior and exterior square feet, the space features artistic abstractions and never-seen-before collections of home furnishings in a gallery setting.  

Tampa, Fla. -- Northbrook, Illinois-based Pine Tree Commercial Realty, LLC announced that it has acquired South Pasadena Shopping Center, a grocery-anchored community shopping center located in South Pasadena (Tampa), Florida, for $21.1 million.    The recent acquisition is Pine Tree’s 73rd and brings the company’s current portfolio to 3.5 million sq. ft. in 15 states.  

New York -- Uniqlo is opening a store at Great Mall in Milpitas, California on Friday, Oct. 31. The new addition signifies the completion of a redesign of Great Mall’s interior mid-section, which has allowed for additional retail space.    This space reconfiguration has extended Great Mall’s growing fashion corridor with other popular retailers, including Guess Factory Store and an expanded Tommy Hilfiger Company store.   

Louisville, Ky. -- Brentwood, Tennessee-based GBT Realty Corp. announced an expanded tenant line-up that brings a Louisville, Kentucky, regional shopping center to over 90% leased.     Middletown Commons will see its first tenants opening in November; construction is currently underway.