REAL ESTATE

Indianapolis — Simon Property Group has announced the grand re-opening of the redeveloped The Shops at Nanuet, a 750,000-sq.-ft. open-air main street center in Rockland County, N.Y.

With the re-opening, three new anchors are making a debut: Fairway Market, open now, Regal Cinemas, opening in November, and 24-Hour Fitness, opening in December. They will join existing anchors Macy’s and Sears at the property.

New York — Planet Fitness has net leased a freestanding building on Fulton Street, a major retail corridor in the Bedford Stuyvesant section of Brooklyn. From basement to second floor, the three level building will encompass 22,500 sq. ft. with 7,500 sq. ft. on the ground floor. The second floor is currently under construction, and the entire building is being renovated to fit the gym concept.

Crown Retail represented Planet Fitness, while Winick Realty Group represented the landlord, Infinity Real Estate LLC.

Seattle -- REI announced it will open a 22,000-sq.-ft. store at Keizer Station, Keizer, Ore., this coming spring.

“REI prides itself on expert employees and quality products that enhance anyone’s trip into the great outdoors,” said Kevin House, REI retail director for the Sierra-Cascade district. “The new store at Keizer Station will extend our services and product expertise to 13,300 eager and loyal members in Salem, who previously traveled more than 30 miles to shop at an REI store.”

Atlanta — Kimco Realty Corporation has acquired Five Forks Crossing, a 73,910-sq.-ft. grocery-anchored retail center in Lilburn, Ga., according to Transwestern, the firm that brokered the transaction.

Five Forks Crossing occupies 6.6 acres in Lilburn in the Gwinnett County submarket near Ronald Reagan Parkway. Anchored by Kroger, the property is 100% leased.

Transwestern represented the seller, SWA Investment.

Chicago — Jones Lang LaSalle’s Capital Markets team has announced the completion of a sale-leaseback transaction for a portion of Walgreens Corporate Campus in Deerfield, Ill.

Realty Income purchased the 38-acre property with six buildings spanning 574,605-sq.-ft. and secured a long-term lease from Walgreens. The terms have gone undisclosed.

Indianapolis – Hhgregg opened a new store in Huntsville, Ala., on Oct. 10. The new store replaces a previous location at a different address.

"We are excited to introduce a new, modern store to our customers in Huntsville," said Jeff Pearson, senior VP of marketing for Hhgregg. "We hope that residents will take advantage of special sale pricing on a wide variety of appliances, electronics, furniture and much more."

Centreville, Va. — Lotte Plaza International Grocer has leased 47,000 sq. ft. at the 200,366-sq.-ft. Centreville Square II in Centreville, Va., and plans to open next spring.

The Asian market will join Party Depot, Sleepy’s Mattress Professionals, Five Guys, Wells Fargo, Hair Cuttery and The UPS Store.

New York -- Whole Foods Market has signed a lease for a 29,000-sq-ft. store in Newark, N.J., according to the Newark Star-Ledger.

The store is expected to be an anchor tenant in a 112-year-old landmark building that was once occupied by the Hahne & Co. department store. The building is being converted into a multi-use space that will feature apartments, retail and office space.
The project is a joint partnership between the Newark-based Hanini Group and L&M Development Partners of New York.