Real Estate

NEW YORK — The leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive vice, along with Arthur Maglio, of Douglas Elliman’s Retail Group, has arranged a long-term lease for Moe's Sneaker Spot at 1890 Adam Clayton Powell Blvd., on the southwest corner of 115th Street. It is the second Manhattan location for the rapidly expanding retailer, which presently operates a dozen stores throughout New York and New Jersey.

New York — RKF has been selected as the exclusive retail leasing agent for The Factory, a one-million-square-foot, multi-tenant commercial building located in Long Island City, Queens. Situated in the Hunter’s Point section of Long Island City, the retail space at The Factory consists of 23,564-sq.-ft. on the ground floor and 21,854-sq.-ft. on the building’s lower level.

RKF executive VP Barry Fishbach and director Young Kim are bringing the opportunity to market for Atlas Capital Group, who recently acquired the property.

Bloomfield, Mich. — Adam Goodman, VP of Mid-America Real-Estate-Michigan, announced the following leases:

Eastpointe & Detroit, Michigan. – Gabe Schuchman and Adam Goodman of Mid-America Real Estate-Michigan signed four leases on behalf of the landlord, Curis Enterprises.  Three leases were signed at 9 Mile Road and Gratiot Avenue in Eastbrooke Commons Shopping Center in Eastpointe, Michigan.

CATOOSA, Okla. — Cherokee Nation Businesses has partnered with commercial real estate developer Woodmont Outlets, an affiliate of The Woodmont Company, to potentially locate a new upscale retail development at Hard Rock Hotel & Casino Tulsa.

CNB has agreed to lease property west of the casino to Woodmont Outlets, which plans to invest $80 million into premium outlet shops to be called “Cherokee Outlets.”
 

Corte Madera, Calif. – Restoration Hardware Holdings Inc. beat consensus analyst estimates by swinging from a net loss to profit in the second quarter of fiscal 2014, but had smaller-than-expected sales growth.

The upscale home furnishings retailer reported net income of $27.3 million, compared to net loss of $17.8 million during the same period a year earlier.

Miami Gardens, Fla. — Palmetto Park, the owner of Palmetto Gardens Plaza, has signed three new leases for the seven-acre shopping plaza located in Miami Gardens. T-Mobile and Cell Phone Repair are both national companies; Lee Nails has a number of other locations throughout Florida.  

Construction on this portion of the plaza is scheduled to be complete by the third quarter of 2015. Construction on a Wal-Mart Neighborhood Store, which will serve as anchor tenant, is underway and will open in the fourth quarter 2014.

Cincinnati — Jeffrey R. Anderson Real Estate Inc. and Casto announced that increased leasing activity during the last six months brings the Rookwood shopping center to 99% occupancy with the addition of new Carhartt, J.Crew Factory and Rally House stores.

In addition, negotiations are underway to lease the only remaining 1,500-sq-ft. space at Rookwood, which will then achieve full occupancy.
 

North Plainfield, N.J. — David Reiner has joined retail real estate services firm Levin Management as VP of leasing. Most recently, Reiner served as director of real estate for Body Central Stores Inc.

During the past 25 years, he has also has held executive- and management-level retail leasing positions with property owners such as Urban Retail Properties, Colonial Properties Trust, and Simon Property Group.