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Real Estate

  • Dollar Tree to lease through R.J. Brunelli in New Jersey

    Old Bridge, N.J. — Dollar Tree has retained R.J. Brunelli & Co. as exclusive leasing agent for all of New Jersey, adding areas south of Route 195 to the northern and central parts of the state that the firm has been handling all along.

  • Paragon acquires Woodland Hills Center

    Los Angeles — PCG Woodland Hills Topanga LLC, an affiliate of Paragon Commercial Group, has acquired the Woodland Hills Shopping Center located in the Warner Center master planned community in the San Fernando Valley. Paragon Commercial Group acquires, develops and manages high quality, value add retail investments. The seller was Woodland Hills Retail.

    The 112,649-sq.-ft. center was 100% leased at the time of the sale. Anchor tenants include Toys “R” Us, Office Depot and Off Broadway Shoes.

  • Johnny Rockets rockets into Tegucigalpa

    Aliso Viejo, Calif. — Honduras has welcomed Johnny Rockets to its first location in the country at City Mall Tegucigalpa. It is the second Central American restaurant — the first opened in Panama City in 2010. The new restaurant spans 2,266 sq. ft. plus a 365-sq.-ft. terrace. It seats 105 diners.

    The largest shopping center in the Honduran capital, City Mall features more than 300 shops and restaurants; eight Cinemark theatres; and parking for 1,500 cars.

     

  • Transwestern brings on new managing director

    Los Angeles — David K. Henry will join Transwestern as a Los Angeles-based managing director. He will lead the West Coast Tenant Advisory Services group and serve occupier clients with locations throughout the U.S. along with the tenant advisory group’s international alliance with Paris-based BNP Paribas Real Estate. Henry will also join the firm’s National Tenant Advisory Steering Committee.

  • Rizzieri Salon and Spa to PREIT’s Moorestown Mall

    Philadelphia — Pennsylvania Real Estate Investment Trust is relocating the award-winning Rizzieri Salon and Spa to Moorestown Mall from its current location in Marlton, N.J. The spa will take over a newly designed 12,000-sq.-ft. space late next year.

    The move is part of PREIT’s repositioning effort for the mall. In addition to Rizzieri, the effort has brought in artisan-owned restaurants, a premium movie theater and specialty stores unique to the mall environment.

  • 20 Togo’s for Oregon and California

    San Jose, Calif. — Togo’s Eateries has announced two multi-unit franchise agreements to develop 20 new restaurants in Oregon and California over the next several years.

    Togo’s Franchisee Mark Fischer will open 10 restaurants in Portland, Ore., and 10 additional locations in Los Angeles County. The first will open in Portland in the first quarter of 2014.

    Fischer and his parterns currently own and operate two California restaurants in Stockton and Tracy, Calif.

  • Perkins unveils franchise plans for Iowa and Nebraska

    Memphis, Tenn. — Perkins Restaurant & Bakery has announced a six-unit franchise development agreement in Iowa and Nebraska over the next six years. The franchisee, CyHawk Hospitality Inc., currently operates six Perkins Restaurants and Bakeries — five in Iowa and another in Independence, Mo.

    The first of the six new units opened in July in Ankeny, Iowa. Another location in Norfolk, Neb., has broken ground with an anticipated opening later this month.

     

  • Robert Graham opens first New York City store

    New York— Robert Graham has announced a new lease agreement to open its first New York City store on Bleecker Street this fall. The West Village Bleecker Street fashion corridor houses Burberry, Brunello Cucinelli, Marc Jacobs, rag & bone, and Ralph Lauren.

    Robert Graham currently operates six freestanding stores across the country. They are located in Los Angeles, Houston, Las Vegas, Boca Raton, Fla., Long Island, N.Y., and Short Hills, N.J.

     

  • Shelter Cove signs two new tenants

    Hilton Head Island, S.C. — Shelter Cove Towne Centre has signed letters of intent with two new tenants: Heritage Fine Jewelry and Jake’s Wayback Burgers.

    A joint venture between Blanchard & Calhoun Commercial and Kroger Real Estate, Shelter Cove is being developed into a destination for Hilton Head residents and the area’s 2.5 million visitors. The project includes plans to redevelop the existing mall into a walking village that will consist of 290,000 sq. ft. of retail space anchored by Kroger and Belk.

     

  • Krispy Kreme readies first Moscow store

    Winston-Salem, N.C. - In collaboration with Russian restaurateur and franchise partner Arkady Novikov, owner and operator of LLC Doughnuts Cafe, the first Krispy Kreme doughnut shop in Moscow is scheduled to open on Sept. 12.

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