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Real Estate

  • Under Armour to open its biggest store to date, in Chicago

    Under Armour has confirmed that it plans to open in March 2015 its latest Brand House at 600 North Michigan Avenue in Chicago’s Magnificent Mile.

    The location will feature nearly 30,000 sq. ft. of interactive retail space, and echo the retail concepts that the brand has successfully executed not only in New York, but also in its hometown in Baltimore, Maryland, and Tysons Corner in McLean, Virginia.

  • Retail Opportunity Investment Corp. buys Fallbrook Shopping Center

    San Diego - Retail Opportunity Investments Corp. has completed the acquisition of Fallbrook Shopping Center, located in West Hills, California. ROIC acquired the property for $210 million in cash funded by a borrowing under its unsecured credit facility.

  • Divaris announces leases for Richmond shopping centers

    Richmond, Va. — Divaris Real Estate has leased shopping center space in Richmond to two retailers and a restaurant: Family Dollar, Wilson Lee Interiors and Hanako.

    Family Dollar renewed its lease for 7,150 sq. ft. in the Divaris-leased and –managed Midlothian Crossing. Divaris represented the landlord, Midlothian Associates, in the transaction.

  • 7-Eleven to make Middle East debut, in Dubai

    Dallas -- 7-Eleven has signed a master franchise Agreement with Seven Emirates Investment LLC to develop and operate 7-Eleven stores in the United Arab Emirates (UAE). The expansion marks the company's first entry into the Middle East region.
       

  • Sears Canada enters Calgary North Hill development agreement

    Toronto - Sears Canada Inc. has entered into a binding agreement with Concord Pacific Group of Companies to pursue the development of the 12-acre Sears site located at the North Hill Shopping Center in Calgary, Alberta. Closing under the agreement is conditional upon satisfaction of conditions such as site investigations and obtaining the approval from the city of Calgary for the project, which are expected to take some time.  

  • Blink Fitness jogs into Clifton, N.J., center

    Clifton, N.J. — Blink Fitness has leased a 15,000-sq.-ft. location at the 80,000-sq.-ft. Clifton Plaza shopping center in Clifton, N.J., according to Levin Management (www.levinmgt.com), the property’s managing and leasing agent.

    Co-anchored by a 24,000-sq.-ft. Big Lots and a 14,000-sq.-ft. Dollar Tree, Clifton Plaza’s tenant roster includes GameStop, Radio Shack, Angel Tip Nails & Spa, Bruno’s Pizza, Sally Beauty Supply and Valley National Bank.

  • Express adopts poison pill after Sycamore makes acquisition move

    It looks like Sycamore Partners, which owns approximately 9.9% of Express’ outstanding shares, is interested in acquiring the retailer.

    Express confirmed that it has received a letter from Sycamore and has established a special committee of the board to determine a course of action that serves the best interest of all stockholders. The retailer has also engaged Perella Weinberg Partners LP and Sullivan & Cromwell LLP as advisers to itself and the special committee.

  • Studio Movie Grill to open at Town Center Colleyville

    Dallas, Texas — Studio Movie Grill has acquired two leases for a 51,935-sq.-ft. building at the Town Center of Colleyville in Colleyville, Texas, according to Venture Commercial, the broker on the lease sale and assignment transaction.

    Following extensive renovations to the former Colleyville Cinema, the new Studio Movie Grill plans to open in late May.

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