REAL ESTATE

Virginia Beach, Va. — Two Firehouse Subs shops opened Monday, an 1,800-sq.-ft. location in Virginia Beach’s Strawbridge area and a 2,400-sq.-ft. location in Hampton’s Coliseum Central.

Divaris Real Estate represented the sub shop in negotiations for each location.

Bentonville, Ark. – Wal-Mart’s South African subsidiary Massmart Holdings Ltd. is reportedly considering expanding into Kenya. According to an article in Bloomberg, Kenyan news outlets are reporting that Massmart executives have met with representatives of major Kenyan retail chains including Naivas Supermarket Ltd.

New York -- Nespresso announced the opening of its redesigned Boston flagship. The 2,400-sq.-ft. space is located in Boston's Back Bay neighborhood.

“We are thrilled to offer an enhanced premium coffee experience to Boston residents and visitors with our newly redesigned Boutique,” said Frederic Levy, president, Nespresso USA. “The Boutique will offer visitors a chance to connect with the brand in a uniquely sensorial way, and is exemplary of Nespresso's commitment to the highest-quality coffee, products, and customer service.”

New York City -- Fashion retailer Marc Jacobs will enter the beauty category with his first store dedicated to cosmetics and beauty items.

The nearly 500-sq.-ft. store has opened at 385 Bleecker Street in Manhattan and, according to a Women’s Wear Daily report, will showcase the designer’s 121-SKU color cosmetics collection, as well as his fragrances with Coty Prestige. 


New York -- Jones Lang LaSalle has added another financing expert to its growing Capital Markets team in Dallas. Industry veteran Jeff Zickefoose joins has joined the firm as senior VP. He will work with Managing Director Randy Fleisher and the rest of the team to provide strategic services to clients throughout the region.

“Jeff brings nearly 20 years of financial experience and a long track record of originating debt on behalf of leading commercial mortgage debt providers,” said Fleisher.

New York – Fairway Market will be the anchor grocer at the Hudson Yards residential/retail complex being developed by Related Companies and Oxford Properties Group in Manhattan. The 45,875-sq.-ft. store will be located in the Hudson Yards South Tower.

Houston — Jones Lang LaSalle has announced the closing of the sale of The Shops at Bella Terra, a 308,828-sq.-ft. power center in Houston’s Grand Parkway corridor. The JLL Capital Markets Group also secured acquisition financing with Wells Fargo and additional equity from Heitman on behalf of the buyer, Dunhill Partners

Fort Worth, Texas — Buxton has announced the roll out of a full suite of retail market analyses in the Canadian marketplace. The company noted that the Canadian retail market has become extremely competitive and will likely see massive retail growth over the next few years. As a new concentration for Buxton, the effort will focus on both U.S. retailers expanding into Canada, and Canadian organizations looking to maximize their footprint in the market.