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REAL ESTATE

  • Meijer opens Detroit supercenter

    Grand Rapids, Mich. -- Meijer will open its first supercenter in the city of Detroit, at the Gateway Marketplace shopping center, on July 25. The 190,000-sq.-ft. store will include fresh produce and a full-service, drive-thru pharmacy walk-in health screenings, immunizations and specially trained diabetes-care pharmacists.

  • GNC plans 26-store rollout in China

    Pittsburgh — GNC Holdings has announced that it is expanding its retail presence in China with the opening of its first stand-alone store in Shanghai. GNC plans to open an additional 25 locations in China over the next 12 months.

    The company currently operates more than 60 store-within-a-store locations in eight grocery, convenience and health and wellness chains in China.

     

  • Cypress Equities acquires Glendale, Calif., center

    DallasCypress Equities has acquired the Glendale Marketplace in Glendale, Calif. The 154,420-sq.-ft. open-air retail and entertainment center is adjacent to the Americana at Brand.

    National retail brands represented in the center include HomeGoods, Old Navy, Starbucks, GNC and Outback Steakhouse.

    SRS Real Estate Partners will represent Cypress in lease negotiations.

     

  • Coming soon to Posner Commons: Paragon Theaters

    New York -- Paragon Theaters has announced plans to bring a 10-screen theater to Posner Commons in Davenport, Fla. The theater will serve as the entertainment anchor for the 630,000-sq.-ft. regional power center, offering Target, Dick’s Sporting Goods, Best Buy and other. Paragon said the new theater would open in the summer of 2014.

    National retail tenants at Posner Commons include Target, Dick’s Sporting Goods and Best Buy and others.

     

  • Five Guys sign into Alameda South Shore Center

    Alameda, Calif. — Later this summer, Five Guys Burgers and Fries will open a 1,781-sq.-ft. restaurant in Alameda South Shore Center, in Alameda, Calif., said Jamestown, a fund manager offering core and opportunistic property funds.

    Cornish & Carey Commercial Newmark Knight Frank represented Jamestown in the transaction. SRSRE represented Five Guys.

     

  • Sports Authority renews at Miami’s Kendallgate

    New York -- Berkowitz Development Group has inked a lease renewal with Sports Authority for 43,000-sq. ft. at Kendallgate Shopping Center in Miami.

    As part of a nationwide effort, the retailer will redesign the store’s interior and incorporate updated exterior signage.

     

  • Phase I underway at The Shoppes at Parma

    Parma, OhioPhillips Edison & Company has broken ground on The Shoppes at Parma — formerly Parmatown Mall. Phase I will focus on infrastructure. Work will include new lighting, new sidewalks and the restoration of the parking lots. In addition, the contractor will prepare out-parcels for development. Phase I will wrap up this fall.

  • CitiTrends renews at Richmond’s Brookhill Azalea

    Richmond, Va. — Divaris Real Estate has renewed its lease with CitiTrends for 12,000 sq. ft. at the Brookhill Azalea Shopping Center in Richmond, Va.

    DRE represented BSV Premier Brookhill LLC, the landlord. Specializing in low-priced urban brands for the whole family, CitiTrends operates six stores in Richmond.

     

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