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REAL ESTATE

  • Cypress Equities acquires Glendale, Calif., center

    Dallas — Cypress 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.

     

  • Sprout’s sprouts up in new El Paso location

    Indianapolis — Kite Realty Group has leased a 31,541-sq.-ft. location in El Paso’s Sunland Towne Center.

    Kite Realty and RJL Realty Advisors represented the landlord, KRG Sunland. Venture Commercial represented Sprout’s.

     

  • 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.

     

  • Randolph Mall drafts Dunham’s Sports

    Chattanooga, Tenn. — CBL & Associates Properties has announced that Dunham’s Sports has leased a 60,200-sq.-ft. space in Randolph Mall in Asheboro. N.C. Scheduled to open for the 2013 holiday shopping season, the new Dunham’s will replace Dillard’s, which closed in late July.

    Belk, J.C. Penney, Sears and Cinemark theatre anchor the 380,000-sq.-ft. regional Randolph Mall.

     

  • Zoom Tan to shine at Liberty Center II in Erie, Pa.

    Erie, Pa. — Zoom Tan has leased a 1,559-sq.-ft. space for a tanning parlor at Liberty Center II in Erie, Pa., according to Levin Management. Flaum Management Co. Inc. represented the tenant in the transaction.

    The 7,443-sq.-ft. Liberty Center II is directly across the street from the 227,000-sq.-ft. Liberty Center, which is anchored by Top’s Markets and Peebles department store.

  • OfficeMax to the Shops of Sherman Plaza

    Chicago — OfficeMax has leased a 4,942-sq.-ft. space at the Shops of Sherman Plaza in Evanston, Ill. The CBRE Group represented the landlord, Inland American Retail Management, in the transaction.

    OfficeMax will join other Sherman Plaza brands including The North Face, Ann Taylor Loft, Barnes & Noble Booksellers and LA Fitness.

     

  • Phase I underway at The Shoppes at Parma

    Parma, Ohio — Phillips 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.

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