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Real Estate

  • SRS wins U.S. MAXI Award at ICSC

    DallasSRS Real Estate Partners earned a silver U.S. MAXI Award at the Encore Hotel in Las Vegas during the ICSC RECon Convention. The awards are open to shopping centers, shopping center companies, specialty retailers, specialty leasing managers, marketing directors and general managers.

    SRS received a silver Award in the B2B division of the Traditional Marketing category for its effective brand enhancement campaign.

     

  • Firehouse Subs enters Charlottesville, Virginia, market

    Charlottesville, Va. — Firehouse Subs has signed a 2,264-sq.-ft. lease for its first location in Charlottesville, Virginia — at 100 Shoppers World Court.

    Divaris Real Estate’s Richmond, Virginia, office represented Firehouse Subs in the transaction. Divaris (www.divaris.com) has represented Firehouse in the site selection and lease negotiations for the majority of its Hampton Roads sites and for several locations in the greater Richmond area.

  • Stater Bros. announces two locations

    San Bernardino, California -- Plans are well underway to open two new state-of-the-art "Blue Ribbon" Stater Bros. Supermarkets in California, with one in Covina (Los Angeles County) and the other in Menifee (Riverside County).  

  • Express to enter South Africa

    Columbus, Ohio – A subsidiary of Express Inc. has entered into a franchise agreement with Edcon Group, a retail franchise operator in South Africa, to bring the Express brand to South Africa. The Express brand is expected to launch as a store-in-store concept at select Edgars department stores by the end of 2014 with standalone Express store locations to open in 2015.

    Express has identified international expansion as one of the company's four pillars of growth and a significant long-term revenue opportunity for the company.

  • Infinite Beauty to Manhattan

    New York — Skincare specialist Infinite Beauty has leased its first New York City location at 1031 Third Avenue and 61st Street, according to Faith Hope Consolo, chairman, and Joseph Aquino, executive VP of Douglas Elliman’s Retail Group, which represented both the landlord and tenant in the transaction.

    The retailer has stores in affluent areas along the east and west coasts, from Boca Raton, Fla., to Annapolis, Md., and White Plains, N.Y., to Roseville, N.Y., and Palo Alto, Calif.

     

  • DDR launches effort to recapture anchor stores

    Beachwood, Ohio – Shopping center operator DDR Corp. is commencing a multi-year proactive lease termination initiative aimed at recapturing high-quality anchor store locations across its portfolio. Through this initiative, DDR is collaborating with retailers in the books, electronics, toys, office and traditional department store categories to right-size their real estate footprints by regaining control of locations in advance of natural lease expiration.

  • Simon completes spin-off of Washington Prime

    Indianapolis — Simon Property Group has completed the separation of Washington Prime Group Inc., which is now an independent public company that will be traded on the New York Stock Exchange under the symbol “WPG.”

    Washington Prime holds interests in 98 retail assets, including the strip center business formerly owned by Simon.
     

     

  • & Other Stories, H&M’s sibling brand, to SoHo

    New York — & Other Stories, a sibling brand to H&M, has leased a 10,915-sq.-ft. space at 575 Broadway in the SoHo district of Manhattan, according to RKF, which represented the landlord, 575 Broadway Associates LP, in the transaction. Cole Schotz provided legal counsel. CBRE represented & Other Stories.

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