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REAL ESTATE

  • Palmetto Gardens pays off loan, avoids foreclosure, signs Wal-Mart

    Miami Gardens, Fla. — The owners of Palmetto Gardens Plaza, a 7.1-acre center in Miami Gardens, have reached a settlement with PNC Bank, secured a new loan with Hudson Financial Services and signed a lease with Wal-Mart for a Neighborhood Market Store as its anchor tenant.

    In January of 2010, PNC Bank filed a foreclosure action against Palmetto Design Center, the property owner. That action has been settled.

  • Silver Jeans to debut ‘Loft’ concept at Glendale Galleria

    Winnipeg, Manitoba -- Canadian denim company Silver Jeans Co. said it will open its "loft" concept store at Glendale Galleria on Nov. 2 in Glendale, Calif.

    "We put a lot of work into making sure the store environment represents our brand," says Michael Silver, CEO, Silver Jeans Co. “We've created an environment that has a comfortable modern feeling but also lets our guests know that we're a historic brand with a rich 92-year history."

  • Five new retailers to The Shoppes at Chino Hills

    Chino Hills, Calif. — The Shoppes at Chino Hills, a 380,000-sq.-ft. community and lifestyle center in Chino Hills, Calif., has announced leases with five new retailers.

    DB Shoes has opened its first Inland Empire store in a 6,100-sq.-ft. space next to Aeropostale.

    Another Inland Empire first is The Kickin’ Crab, set to open in the spring of 2014.

    Originally an online business, Kid’s Wonderland recently opened its first brick-and-mortar retail location at Chino Hills.

  • Trademark hires new VP of leasing

    Fort Worth, Texas — Trademark Property Co. has announced the appointment of Daniel Goldware as VP of leasing. Goldware will initially work on Waterside, Trademark’s new 63-acre master planned, mixed-use development under construction in Fort Worth, as well as Victory Park in downtown Dallas.

    Goldware comes to Trademark from Weingarten Realty Investors where he served as a leasing executive in both Dallas and Houston for the past seven years.

     

  • Overstock.com opens fulfillment center in Jonestown, Pa.

    Salt Lake City -- Overstock.com has announced the opening of a distribution center in Jonestown, Pa. The new operation will enable faster fulfillment through state-of-the-art warehouse technologies, while providing room for growth. The new center will fill orders to customers from Maine to Florida within two days.

    Initially, the Jonestown warehouse will bring 15 jobs to the area with additional jobs as the operation grows over the next few years. The company’s primary warehouse will remain in Salt Lake City.

  • Ollie’s Bargain Outlet to Boardman Plaza in Youngstown

    Bryn Mawr, Pa. — Ollie’s Bargain Outlet has opened at Boardman Plaza in Youngstown, Ohio, according to WP Realty, the center’s owner.

    Boardman Plaza is a 625,000-sq.-ft. center and home to national, regional and local tenants including Burlington Coat Factory, Hobby Lobby, Save A Lot, Planet Fitness, Michaels, giant Eagle and Rite Aid.

     

  • NAI MLG Commercial announces eight Wisconsin transactions

    Milwaukee — NAI MLG Commercial has announced eight recent transactions across the state of Wisconsin.

  • Bon-Ton Stores enters Utah

    New York -- The Bon-Ton Stores has signed a lease with Rouse Properties for a new Herberger’s store at Cache Valley Mall in Logan, Utah — its first in the state. 

    The company expects to begin remodeling the 62,000-sq.-ft. facility in early spring 2014 and to be completed in the second half of 2014.

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