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Real Estate

  • Little Caesars Pizza to Tucson’s Northgate Plaza

    Tucson, Ariz. — Little Caesar Enterprises has signed a 1,494-sq.-ft. lease in Northgate Plaza in Tucson, Ariz. Expected to open in the first quarter of 2014, it will be Little Caesars Pizza’s sixteenth store in Tucson.

    Commercial Retail Advisors represented the landlord, TNP SRT Portfolio I, and Retail Advisors Southwest represented Little Caesar Enterprises.

  • PBTeen to open in Huntington, N.Y.

    San Francisco – PBTeen, a Williams-Sonoma retail brand, will open a new store in Huntington, N.Y., on Nov. 7. It will be the first PBTeen location on Long Island, the 16th in the U.S., and also the first combined location of PBTeen, Pottery Barn and Pottery Barn Kids, with pass-through access to all three stores.

  • Sam’s Club relocates to Raymore from Grandview

    Raymore, Mo. — Sam’s Club has opened its newest club in Raymore, Mo. Relocated from Grandview, the new 136,000-sq.-ft. warehouse club will anchor the Raymore Galleria.

    The new club will feature a Fresh Bakery, Tire and Battery Center, Optical Center, Pharmacy, Hearing Aid Center, Café and Fuel Station.

  • Nursery Acres acquires Cabela’s in Grand Junction, Colo.

    Denver — Transwestern’s Denver office has announced that it brokered the acquisition by Nursery Acres L.P. of a 75,330-sq.-ft. Cabela’s retail store in Grand Junction, Colo. Built in 1983, the store sits on a 6.76-acre lot at Mesa Mall.

    Transwestern represented the buyer, Nursery Acres, which purchased the building to complete a 1031 exchange. The company plans to keep the property long-term. Faris Lee represented the seller, Macerich Mesa Mall Holdings LLC.

     

  • RadioShack rolls out new concept stores, goes ‘retro’ in Fort Worth, Texas

    RadioShack is taking its new concept store to Philadelphia, Detroit and Fort Worth, but the specialty retailer is going retro for its hometown location in downtown Fort Worth’s Sundance Square.

    The Philly location can be found in Bakers Square Shopping Center at 2920 Roberts Ave., and the Detroit location in Gateway Marketplace at 1347 W. Eight Mile. And set to open Oct. 30, the Fort Worth location will be the first new concept store to feature a custom design.

  • Dunkin’ Donuts plans nine new stores in Reno

    Canton, Mass. – Dunkin’ Donuts has signed a multi-unit store development agreement with new franchise group, HT2 Franchising, LLC, to develop nine new restaurants throughout Reno, Nev. The first restaurant is expected to open in 2015 and the remainder by 2020.

    With this agreement, Dunkin' Donuts franchise opportunities are sold out in Reno, but opportunities exist to grow the brand throughout the West in Colorado and California.

  • Cullinan appoints new property manager

    Peoria, Ill. — Cullinan Properties has appointed Robey R. Taylor as property manager at the Streets of St. Charles in St. Charles, Mo.

    Taylor brings 20 years of experience in property management — both in retail and office — in the St. Louis market to the post.

  • Sears conducting wide-ranging strategic view of business

    Sears Holdings is considering spinning off its Lands’ End and Sears Auto Center brands as part of a wide-ranging strategic review of its business. The company’s Sears Canada subsidiary has also sold five Canadian store leases to Cadillac Fairview Corporation Limited for about $383.4 million.

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