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REAL ESTATE

  • Report: MakerBot opens Boston store

    Brooklyn, N.Y. – 3-D printer manufacturer MakerBot has reportedly opened its first Boston retail store, and third store overall. According to the Boston Globe, MakerBot opened the store, located on Newbury Street, Nov. 21.

  • Mid-America doubles a client’s investment in one year

    Crest Hill, Ill. — Mid-America Real Estate Corp.’s Net Lease Investment Group recently brokered the sale of a two-tenant 88,000-sq.-ft. retail building leased to Big Lots and Home Owners Bargain Outlet in Crest Hill, Ill. A private investor in California purchased the property from a local Chicago area investor for $2.25 million.

    Major retailers surrounding the property include Jewel/Osco, Ultra Foods, Food 4 Less and TJ Maxx.

  • River Crossing adds a dollar store

    Tucson, Ariz. — Gordon’s Dollar Plus Store has signed a lease for a 2,586-sq.-ft. apace at River Crossing in Tucson. Gordon’s Dollar Plus Store is licensed by Discount Dollar Store Services of Las Vegas. Plans call for the new store to open in mid-December.

    Commercial Retail Advisors represented the landlord, La Cholla and River Road Associates in the transaction. DDSS Real Estate represented the tenant.

  • Walgreens opens joint store with Johns Hopkins

    Deerfield Park, Ill. – Walgreens is opening a new joint store with Johns Hopkins Medicine adjacent to the medical school’s campus in Baltimore. The new Walgreens “Well Experience” store offers a normal Walgreens product assortment, as well as health services including student health services, a healthcare clinic, and chronic disease education.

    The healthcare clinic is staffed by board-certified nurse practitioners, marking the first Walgreens in-store retail clinic in the state of Maryland.

  • JLL brokers sale of Atlanta’s Powers Ferry Plaza

    Atlanta — Jones Lang LaSalle has closed the sale of Powers Ferry Plaza on behalf of Equity One. An Atlanta-based private investor purchased the 86,401-sq.-ft. shopping center anchored by Micro Center.

    The property is strategically located on approximately 10.7 acres along Powers Ferry Road near the intersection of Powers Ferry Road and Delk Road, a little more than 12 miles northwest of downtown Atlanta.

     

  • Outlet centers helping REITs to thrive

    New York -- Since 2009, retail sales at North America’s 205 outlet centers have increased from $19.9 billion to $27.6 billion, an increase of $7.7 billion, according to an International Council of Shopping Centers report.

    Six publicly traded REITs with notable outlet center portfolios have benefited from outlet center success, according to SNL Financial. They are:

  • Mid-America sets up in-house marketing and PR

    Oakbrook Terrace, Ill.Mid-America Real Estate Group has named Emily Dutson as the firm’s first in-house marketing associate.

    Beginning on Dec. 1, she will oversee all channels of marketing and public relations for each of Mid-America’s locations in Oakbrook Terrace, Ill., Chicago, Detroit, Milwaukee and Minneapolis. She will provide all online, social media, website and print content as well as promotional initiatives and media communications.

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