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REAL ESTATE

  • DRE signs five retailers into Hampton Roads

    Virginia Beach, Va. -- Divaris Real Estate has arranged five retail leases for space in Chesapeake, Norfolk and Virginia Beach.

    T-Mobile signed three leases for 4,225 sq. ft. The company will move into 1,600 sq. ft. in Kempsriver Crossing in Virginia Beach, 1,500 sq. ft. in Southern Shopping Center in Norfolk and 1,125 sq. ft. in Indian River Shoppes in Chesapeake.

    Original Mattress Factory is relocating to a larger space in Sam’s Circle in Chesapeake. The new space is 2,400 sq. ft.

  • PizzaRev to play role in Burbank

    Los Angeles -- PizzaRev, the fast-casual artisan pizza concept, will build a flagship location in Burbank’s shopping and entertainment district at the intersection of E. Palm Ave. & N. San Fernando Blvd.

    The company has announced plans to add two new locations in Oxnard and El Segundo, Calif. this summer and to begin franchising soon. PizzaRev currently operates three locations in Studio City, Woodland Hills and Northridge, Calif.

  • Sembler portfolio adds 900,000 sq. ft. in 2013 first half

    St. Petersburg, Fla. -- The Sembler Co. has added nearly 900,000 sq. ft. to its portfolio of third-party management and leasing assignments through the end of the year’s second quarter.

    New assignments include co-managing 672,259 sq. ft. of retail properties across Florida and Georgia with Community Reinvestment Partners II. Sembler will handle leasing for most of the properties.

  • Johnny Rockets acquired by Sun Capital

    New York -- Johnny Rockets has been acquired by an affiliate of private-equity group Sun Capital Partners Inc. Terms of the deal were not disclosed.

    Johnny Rockets operates about 300 corporate and franchise-owned hamburger restaurants in 30 states and 16 countries, including 17 Six Flags amusement park locations and 11 Royal Caribbean cruise ships.

  • BJ's Warehouse opens 200th store

    Westborough, Mass. -- BJ's Membership Club said it has opened its 200th club, located in Fayetteville, N.C.

    Grand opening celebrations will take place on June 22 and 23.

     

  • Englewood Construction builds Chicago area’s first Ports 1961

    Chicago -- Englewood Construction announced its retail group has begun work on the Chicago market’s first Ports 1961, a luxury apparel retailer, in Rosemont, Ill.
     
    “Ports 1961 chose to enter the Chicago area by locating within Fashion Outlets of Chicago,” said William Di Santo, president of Lemont, Ill.-based Englewood Construction. “The retail world is anxiously awaiting the August 1 opening of this world-class fashion outlet mall in Rosemont.”

  • Shenandoah Plaza Shopping Center sold in Newnan, Ga.

    Atlanta -- Shenandoah Plaza, a 146,121-sq.-ft. neighborhood center in Newnan, Ga., has been sold to the Georgia Capital Group by RCG-Newnan. Big Lots, Goodwill and Dollar General anchor the center.

    The Atlanta office of SRS Real Estate Partners represented RCG-Newnan in the transaction.
     

     

  • Solar-powered Eco Gym to Chicago’s North Shore

    Glenview, Ill. -- Eco Gym will open an 8,300-sq.-ft. solar- and human-powered health club at Glenbrook Market Place in Glenview, Ill., a North Shore suburb of Chicago, according to Mid-America Asset Management Inc., the landlord’s representative.

    The fitness center, Eco Gym’s second, will use a combination of human kinetic power and solar power to generate electricity for its equipment. As members use the equipment, they generate more power to the central power grid, which lowers monthly dues.

     

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