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Hospitality

  • Four new tenants sign into Glen Town Center

    Chicago — Four new tenants have joined the Glen Town Center in Glenview, Ill., according to CBRE, the broker in the transaction.

    Fast-casual burger chain MOOYAH made the center its 60th location in a roll-out with the goal of 100 restaurants by 2014. Pinot’s Palette, a national paint and sip franchise, is opening its third Illinois location and 48th overall. Mingle Juice is the third new tenant. Finally, The Curragh Tradition Irish Pub will make Glen Town Center its fourth location.

  • Peter Chang’s to Virginia Beach center

    Virginia Beach, Va. — Peter Chang’s Chinese Bistro has leased a 6,030-sq.-ft. restaurant space at Landstown Commons in Virginia Beach, Va. Divaris Real Estate represented the landlord, Inland Diversified Real Estate, in the transaction. This will be Peter Chang’s sixth location in the region.

  • AMC to open eight screens at Streets of St. Charles in St. Louis

    Peoria, Ill. — AMC Theatres plans to open a new 40,000-sq.-ft. eight-screen theater complex at the Streets of St. Charles, a 400,000-sq.-ft. mixed-use project in the St. Louis metropolitan area.

    Slated to open in the fall of 2014, AMC will join a mix of retail, restaurant and office tenants. Restaurants include Tucanos Brazilian Grill, Prasino and Five Guys Burgers & Fries. Bar Louie plans to open next spring.

  • Crossroads at Terrell to break ground late next year

    Dallas — The Retail Connection and Oakridge Investments have announced a partnership to build the Crossroads at Terrell, a regional power center at the intersection of I-20 and U.S. Highway 80 in Terrell, Texas. The 225,000-sq.-ft. Phase I of the development will break ground late next year.

  • The Fresh Market opens in One Loudoun

    Ashburn, Va. — One Loudoun Downtown, a joint venture of Miller and Smith and North America Sekisui House, has announced the opening of a 23,800-sq.-ft. The Fresh Market.

    One Loudoun is a 358-acre master planned community in Loudoun County, Va., that includes 1,040 homes, 702,000 sq. ft. of retail, a luxury hotel and three million sq. ft. of office space.

    The Fresh Market currently operates 144 stores in 26 states.

  • DSW, Havertys to Fort Worth’s Alliance Town Center

    Fort Worth, Texas — Trademark Property Co. has announced the opening of a 15,000-sq.-ft. DSW Designer Show Warehouse and a 35,000-sq.-ft. Havertys, a full-service home furnishings retailer, in Alliance Town Center in north Fort Worth, Texas. Both are scheduled to open Labor Day weekend of 2014.

    Construction is scheduled to begin late this year or early next year on both stores. In addition, construction continues on several other tenants, including two new eateries scheduled to open this December.

  • Hammer & Nails, Los Angeles

    Hammer & Nails — The Nail Shop for Guys has opened its debut location in Los Angeles, on Melrose Avenue. The new concept offers men a handsome, more customized—and more comfortable— alternative to female-centric nail salons.

  • Retail real estate still improving, thanks to Millennials

    Chicago — Employment growth in science, technology, engineering and mathematics and the continuing recovery in the U.S. housing market have begun to affect all sectors of commercial real estate, according to Jones Lang LaSalle’s “Cross Sector Outlook.”

    Total sector commercial real estate volumes in the first three quarters of 2013 have reached $208.82 billion, an increase of 30% over the same period in 2012, said the report.

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