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Hospitality

  • Tri-Land announces new leases

    Westchester, Ill. -- Tri-Land Properties announced Thursday that Marshalls and Qdoba Mexican Grill have joined the company’s projects in Indiana and Minnesota.

    At Southern Plaza, a 335,000-sq.-ft. Indianapolis shopping center anchored by Kroger and Office Depot, Marshalls has opened a 24,084-sq.-ft. store.

    At Century Plaza, a 300,592-sq.-ft. shopping center located in Merrillville, Ind. anchored by Staples and Old Time Pottery, Qdoba Mexican Grill has opened a 2,700-sq. ft. Mexican fast-casual restaurant.

  • Present Value Properties names VP

    Tustin, Calif. -- Real estate brokerage firm Present Value Properties said Tuesday that Britt Nelson has joined the company as VP.

    Previously founder and president of NewCity Development, Nelson was responsible for site selection, acquisition, and procurement of development projects. Other responsibilities included coordination of the overall development teams and municipal relations.

    Nelson will be working with existing Present Value Properties' clients including Pizza Hut and Menchie’s Frozen Yogurt franchisees.

  • Regency acquires Calhoun Commons for $21 million

    Jacksonville, Fla. -- Regency Centers said Tuesday it has closed on the acquisition of Calhoun Commons, a 66,150-sq.-ft. neighborhood shopping center located in Minneapolis and anchored by Whole Foods Market.

    The property was purchased in an off-market transaction on July 1 for $21 million from Calhoun Commons Shopping Center Limited Partnership, a subsidiary of Doran Cos. and the original developer of the property.

  • Applebee’s to open at CooperTowne Center

    Somerdale, N.J. -- Purchase, N.Y.-based National Realty & Development Corp. said Tuesday that Applebee’s will open a new restaurant at the 385,000-sq.-ft. CooperTowne Center in Somerdale, N.J.

    Applebee’s will occupy 7,029 sq. ft. of this redevelopment project and will join anchor tenants Walmart Supercenter, Cinemark Theatres and LA Fitness.

  • Wegman’s breaks ground on 123,070-sq.-ft. store

    Rochester, N.Y. -- Wegman’s Food Markets, said Thursday it has broken ground on a 123,070-sq.-ft. grocery supermarket in The Village at Valley Forge in King of Prussia, Pa.

    A lease has also been signed for Next Door Bar & Grill, a restaurant concept owned by Wegman’s Food Markets for 12,000 sq. ft. on an adjacent parcel in the mixed-use development.

  • Dunkin’ Donuts signs agreements for 12 new units in Tampa

    Canton, Mass. -- Dunkin' Donuts on Monday announced it has signed agreements with three franchisees to develop 12 new restaurants throughout Tampa over the next several years.

    "The Sunshine State is a priority growth market for Dunkin' Donuts in 2011, and we're excited to expand our footprint in Tampa," said Grant Benson, CFE, VP franchising and market planning, Dunkin' Brands.

  • Limelight Marketplace in Manhattan to become a department store

    New York City -- Limelight Marketplace, an indoor mall in Manhattan, is getting a major facelift. The shopping venue will re-launch in September as a three-story department store called Limelight. Renovation costs will total almost $4 million.

    "We want to display Limelight as a 'fashion-forward' venue with sophisticated and modish aesthetics," said developer and owner Jack Menashe. "The restored architecture makes Limelight the distinctive spot that it is -- allowing for an exciting shopping experience.”

  • Just Fitness to open in Spring Creek Village

    Dallas -- The Commercial Retail Division of The Weitzman Group said that Just Fitness 4 U has leased 18,900 sq. ft. of anchor space in Spring Creek Village for the chain’s sixth Dallas-Fort Worth location.

    Just Fitness 4 U, which currently operates locations in Dallas, Carrollton, Mesquite, Plano and Hurst, also operates in several national markets, including Atlanta and Salt Lake City. The Weitzman Group is representing the fitness chain on its Dallas-Ft. Worth expansion.

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