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REAL ESTATE

  • Office Depot to open at Lincoln Square Shopping Center

    Arlington, Texas -- Transwestern announced Tuesday that it has negotiated a new 9,994-sq.-ft. lease for Office Depot at Lincoln Square Shopping Center, located in Arlington, Texas.

    The office supply retailer will open its smaller-footprint store – a 10,000-sq.-ft. prototype, downsized from the standard 20,000-sq.-ft. format.

    Lincoln Square Shopping Center is a lifestyle shopping and dining center in North Arlington’s Entertainment District.

     

  • C-store total poised to surpass 150,000 units

    New York -- The latest data from Nielsen shows the number of U.S. convenience stores continues to expand and last year set a new record with 149,220 units.

    That figures is up 1,094 units from the prior year so the increase amounts to only a 0.7% gain, according to the 2013 National Association of Convenience Stores/Nielsen Convenience Industry Store Count. Even so, the growth is noteworthy at a time when overall expansion of selling space in the broader retailer industry has remained stagnant even though the recession officially ended in 2009.

  • Fresh Market to open at two Florida shopping centers

    Valrico, Fla. -- Indianapolis-based Kite Realty Group said Wednesday that The Fresh Market has leased 18,091 sq. ft. at Lithia Crossing, located in Valrico, Fla.
     
    The grocer will also open a store at Shops at Eagle Creek, in Naples, Fla. The new store will comprise 23,935 sq. ft.

     

  • Regency Centers names Northeast acquisitions/dispositions lead

    Jacksonville, Fla. -- Regency Centers said Wednesday it has appointed Joanna Rotonde to lead the company’s acquisitions and dispositions activities in the northeastern U.S.

    Rotonde will focus on the expansion markets of Boston, Philadelphia and metro New York, and is charged with identifying, evaluating and structuring profitable property acquisition and disposition opportunities within Connecticut, Massachusetts, New Jersey, New York and Pennsylvania.  

    Rotonde previously served as assistant VP for Urstadt Biddle Properties.

  • Three major malls to be revamped

    Chattanooga, Tenn. -- Mall owner CBL & Associates Properties said Thursday that, in 2013, it will complete multi-million dollar renovations at three major malls: Friendly Center in Greensboro, N.C.; Greenbrier Mall in Chesapeake, Va.; and The Mall of Acadiana in Lafayette, La.

  • New art gallery to open on Lower East Side

    New York -- Winick Realty Group said Tuesday that art gallery Garis & Hahn has leased its first location at 263 Bowery, on the Lower East Side of Manhattan.

    The storefront, located between Stanton and East Houston Streets, consists of 1,789 sq. ft. on the ground floor and 633 sq. ft. in the lower level.

     

  • Lane Bryant to open at two NRDC power centers

    Purchase, N.Y. -- National Realty & Development Corp. said Tuesday that Lane Bryant will open two new locations within its portfolio, Hadley Center in South Plainfield, N.J., and Northampton Crossings in Easton, Pa.

    The plus-size retailer will open a 5,000-sq.-ft. store in each location. Both are slated to open in the spring.

    Hadley Center is a 542,000-sq.-ft. power center anchored by Target, Kohl’s Department Store, Dick’s Sporting Goods, Regal Cinemas and Marshalls Megastore.

  • Walmart to expand presence at Berlin Mall

    Berlin, Vt. -- Berlin Mall LLC announced it has cleared the last two permitting hurdles to begin an 18,700-sq.-ft. expansion of The Berlin Mall, located in Berlin, Vt. The expansion is part of a planned increase in the size of its Walmart anchor store, which will also expand into existing, adjoining retail space at the mall
         
    Construction is slated to start spring 2013.
     

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