Real Estate

New York -- A report by Wall Street Journal revealed that private equity investor Tower Three Partners will sell its final 3.9 million shares in Restoration Hardware Holdings, marking an exit for the buyout firms that acquired the home furnishings retailer in 2008.

Restoration Hardware’s private-equity backers have been cashing out amid a 90% rally in the stock this year, according to the report.

 New York — YogaWorks has begun construction on its first location in Brooklyn. The new studio will encompass 5,800 sq. ft. in the new Brooklyn Heights Plaza on Joralemen Street. Set to open next spring, this will mark YogaWorks 28th location. It will include two large, lofty studios with 13 ft. ceilings. One studio will feature a specially designed lyengar yoga wall, spa-like locker rooms complete with showers and towel service plus a lifestyle boutique and tea bar.

Chicago -- Englewood Construction’s restaurant group has completed Williston Brewing Co., an upscale restaurant and lounge in booming Williston, N.D.
 
“Williston Brewing Co. provides a much-needed dining and entertainment option for oil field workers and their families,” said William Di Santo, president of Lemont, Ill.-based Englewood Construction. “We’ve been fortunate to take part in the area’s commercial construction boom sparked by North Dakota’s oil rush.”

Plymouth, Minn. — Lillians, The Hippest Shoppe in Town, has announced the opening of its newest franchise location in the southern Wisconsin town of Monroe. Lillians of Monroe is the brand’s third store opening this year and the eighth location in Wisconsin. The brand offers boutique and department store fashions and accessories.

Bloomington, Minn. — Bruegger’s Bagels will open this week in Mall of America as part of the first phase of the mall’s $2 billion expansion.

The Mall of America opening is another step in Bruegger’s effort to expand into non-traditional venues such as airports, colleges and hospitals. The 1,699-sq.-ft. bakery-café will seat 18 and offer additional seating in the food court.

Springfield, Mass. — Charter Realty has announced four leases totaling 59,030 sq. ft. in the Springfield Plaza Center in Springfield, Mass.

Planet Fitness will move into a 20,000-sq.-ft. facility currently under construction. Aaron’s Rentals has renewed its lease for 8,030 sq. ft. Rocky’s Ace Hardware has also renewed on 25,500 sq. ft. Finally, the 99 Restaurant has renewed a 5,500-sq.-ft. space.

K-Mart, Super Stop and Shop and TJMAXX anchor the 550,000-sq.-ft. Springfield Plaza Center.

Dallas — Jones Lang LaSalle Retail will lease seven shopping centers in the Dallas region for American Retail Management LLC and Inland Diversified. The properties total more than one million sq. ft. and are nearly 95% occupied. The assignments include:

Seattle -- The global retail real estate market rebounded in the first half of the year, with international and luxury brands expanding to new markets and high street properties growing in popularity, according to a new report from Colliers International. Fifth Avenue in Manhattan claimed the highest rent, at $3,052 per square foot, followed by Hong Kong’s Queen's Road Central ($2,086) and Canton Road, Tsim Sha Tsui ($1,993), London’s Old Bond Street ($1,520) and Manhattan’s Madison Avenue ($1,325).