Real Estate

Seattle — Jones Lang LaSalle’s Capital Markets group has announced the sale of Slater 116, a mixed-use property in Kirkland, a Seattle suburb. The property features 108 apartments and more than 10,000 sq. ft. of ground floor retail space. Essex Property Trust bought the recently completed property from Mainstreet Property Group for $29.6 million.

New York — Famous Footwear has leased its second Manhattan location at 48-50 West 14th Street between Fifth and Sixth Avenues in Union Square, according to Winick Realty Group. The 7,800-sq.-ft. store is a block-through retail site with 50 feet of frontage on 14th Street and 25 ft. of frontage adjacent to the New School entrance on 13th Street.

Ripco represented Famous Footwear in the transaction. Winick represented the landlord, CB Developers.

Oakbrook Terrace, Ill. — Mid-America Asset Management has announced three new retail leases in Chicago’s northwestern suburbs. Mid-America represented the landlord in each transaction.

Charles Schwab signed a lease for 4,339 sq. ft. at Shops of Uptown in Park Ridge, a northwestern suburb of Chicago. The store is expected to open next spring. The 70,800-sq.-ft. center features Trader Joe’s, Houlihan’s and Jason’s Deli. Colliers International represented the tenant.

Pittsburgh – Dick’s Sporting Goods is opening new stores in Wyoming and Kentucky on Oct. 25. The new stores are located at the Eastridge Mall in Casper, Wy., and Gary Farms in Bowling Green, Ky.

The Casper store will be Dick’s first store in Wyoming, and the Bowling Green will be the retailer’s ninth store in Kentucky. Dick’s will have a total of 547 stores as of Oct. 25.

Hampstead, Md. – Jos. A. Bank Clothiers Inc. reportedly may consider a hostile takeover bid for Men’s Wearhouse. According to Bloomberg, Jos. A. Bank chairman Robet Wildrick said he would prefer a friendly acquisition but his company is not ruling any options out.

New York -- Royal Properties has announced three lease signings in Orange County, N.Y. — two with Miracle Ear and one with Tiger Schulmann’s Mixed Martial Arts.

Miracle Ear has signed a seven-year lease with a five-year option for 1,500 sq. ft. at Wallkill Plaza in Middletown. Royal Properties and Rand Commercial Services were the brokers in the transaction. Wallkill’s co-tenants include Big Lots, Ashley Furniture, Hobby Lobby, Papa John’s, Texas Roadhouse and Boston Market.

New York -- The Howard Hughes Corp. on Thursday officially broke ground on the redevelopment of Manhattan’s South Street Seaport, with a ceremony at Pier 17.

The redeveloped Pier 17 is expected to open in 2016, with a mix of retail, dining and entertainment options highlighted by a one and a half-acre rooftop that will include a restaurant, two outdoor bars and an amphitheater that will hold up to 4,000 people for concerts and special events.

The Bon-Ton Stores plan to close its location in the mall at Steamtown in Scranton, Pa. The company will not renew the lease, which terminates January 31, 2014. The closing will impact approximately 50 employees at this location.

The company acquired the leasehold interests in the Scranton store in 2000. It does not expect costs associated with the closing of the location to be material.