Real Estate

New York -- QSR sandwichchain Jersey Mike’s signed leases for two locations in Bergen County, New Jersey. Winick Realty Group NJ’s Gary Krauss acted as the brand’s exclusive broker in both transactions as Jersey Mike’s continues its aggressive expansion within its home state.

The sandwich shop leased 1,736 sq. ft. at 557 North Franklin Turnpike in Ramsey, New Jersey. The site, which formerly housed a TCBY, is expected to open by early September.

Birmingham, Alabama — Charles McNamee has joined Bayer Properties as senior VP of development and construction. McNamee most recently served as senior VP of commercial development and construction with Colonial Properties Trust.

In his position with Bayer, McNamee will be responsible for all aspects of development and construction, including oversight of both the Development and Tenant Coordination and Construction Departments.

New York -- Seiko Corporation of America, a subsidiary of Seiko Watch Corporation, announced the grand opening of its first Seiko boutique to enter the United States at 510 Madison Avenue in New York City.  

The New York Seiko boutique is primarily dedicated to Seiko's collections, but also features boutique exclusives.

Tampa, Florida — RMC Property Group has been awarded the exclusive leasing and management assignment for The Promenade, located at 10330 North Dale Mabry Highway in Tampa.

The Promenade is a 29,984-sq.-ft. mixed-use property with 19,549 sq. ft. of ground floor retail and 10,435 sq. ft. of professional and office space on the second floor. Anchor tenants include International Diamond Center and Phoenix Home Care.

Chicago — Turkish fashion concept, SARAR, signed a lease at 111 West Washington Street in Chicago for 3,139 sq. ft. Mid-America Vice President Michael Wexler represented SARAR in the transaction. Danielle Rudas and John Vance of Stone Real Estate represented the landlord.

This will be SARAR’s third location in Illinois. The new location is expected to open in fall 2014. 

Sweetwater, Fla. -- Ikea will open its first store in the Miami-Dade region of Florida on Aug. 27.

Ikea Miami is the home furnishings company’s fourth store in Florida, 39th in the United States, and 361st worldwide. The 416,000-sq.-ft. Ikea Miami features the largest rooftop solar array in South Florida.

Los Angeles — Juanita Tate Marketplace is now open, bringing 77,096 sq. ft. of outdoor retail space with a full-service grocery to the highly underserved surrounding community. Located at 944 East Slauson Avenue in South Los Angeles, the $21-million development is situated on a 6.5-acre site, which was formerly used as a scrap-metal plant.

Construction began in May 2013 and completed in April 2014. The center is owned by Regency Centers and was designed by Nadel.

Philadelphia — Pennsylvania Real Estate Investment Trust has entered into an agreement to sell an anchor pad underlying a Bon-Ton store in Bethlehem, Pennsylvania, contiguous to Westgate Mall.

The transaction is expected to close prior to the end of 2014.