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REAL ESTATE

  • Ulta Beauty to open at Cumberland Mall in the fall

    Vineland, N.J. -- Ulta Beauty will open a new superstore  this fall at Cumberland Mall in Vineland, N.J. The 10,500-sq.-ft. store will feature a full-service salon as part of its offerings.

    Cumberland Mall is anchored by Boscov’s, Marshalls, J.C. Penney, Burlington Coat Factory, Michaels, Old Navy and Bed Bath & Beyond.

     

  • Baker Katz completes sale of Gold’s Gym in Corpus Christi

    Houston -- Baker Katz has announced the completion of the sale of a 47,395-sq.-ft. freestanding property leased to Gold’s Gym in Corpus Christi, Texas.

    Baker Katz is a full-service retail brokerage and a member of real estate alliance X Team.

     

  • Jones Lang LaSalle to lease and manage Shenandoah Plaza

    Atlanta -- Jones Lang LaSalle has announced that its retail group, in an exclusive deal, will lease and manage Shenandoah Plaza in Newnan, Ga. Anchoring the 146,121-sq.-ft. property are Big Lots, Rent-A-Center and Goodwill.

    The property is currently 100% occupied. John Bemis, southeast retail market lead, and Janine Christian, senior VP, will direct JLL’s team on the assignment.

     

  • CBRE negotiates sale of Carrollton Shopping Center

    Dallas -- CBRE’s Private Capital Group in Dallas has arranged the sale of Hebron Heights Shopping Center in Carrollton, Texas, for an undisclosed amount. The 59,356-sq.-ft. neighborhood shopping center occupies a 10-plus acre site at the corner of Hebron Parkway and Old Denton Road in northwest Dallas.

  • Tucker Development is bringing ShopRite to Springfield Avenue Marketplace

    Newark, N.J. -- Tucker Development Corp. has signed a deal with Wakefern Food Corp. retail cooperative to bring a 67,000-sq.-ft. ShopRite grocery store to Springfield Avenue Marketplace in Newark, N.J.

    Wakefern is the merchandising and distribution arm for ShopRite stores.

    The new ShopRite will anchor the 125,000-sq.-ft. center set to break ground this fall. When complete, the center will serve approximately 280,000 Newark residents, 180,000 employees and 60,000 college students and faculty.

  • Urstadt Biddle acquires two retail properties

    Greenwich, Conn. -- Urstadt Biddle Properties Inc. has acquired two retail properties on Putnam Avenue (US Route 1) in Greenwich, Conn., for $18 million.

    West Putnam Plaza is a 9,300-sq.-ft. retail strip center shadow-anchored by a Stop & Shop supermarket. National tenants include Cosi and JP Morgan Chase Bank. A wine retailer, day spa and women’s fitness studio round out the tenant list.

    The second property is Cos Cob Plaza, a 15,000-sq.-ft. retail and office center. Tenants include Jos. A. Bank.

     

  • JLL Report: Retail going borderless

    Atlanta -- A just-released report by Jones Lang LaSalle Retail found that three trends — in retail investing, retail expansion and e-commerce — are making national borders increasingly irrelevant to the retail industry. According to Jones Lang LaSalle’s “Global Capital Flows,” retail investment captured 25% of the total global market share of real estate investment in first quarter 2013.

  • Brixx Wood Fired Pizza comes to The Avenue East Cobb

    Atlanta -- Construction of a new Brixx Wood Fired Pizza is underway at The Avenue East Cobb in Marietta, Ga., just north of Atlanta. Cousins Properties manages the development.

    Approximately 3,600 sq. ft., the new Brixx will seat about 140 inside and 45 outside on a patio. Franchisees Nick and Raj Vadgama will open the new restaurant, the first Brixx in Georgia, in the fall.

    Brixx has also announced plans for a second franchised Georgia location in the Avenue Peachtree City, another Cousins property.

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