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REAL ESTATE

  • Orchard Hardware continues rollout of new neighborhood format

    San Jose, Calif. -- Orchard Supply Hardware Stores Corp. said Friday it will add two California stores to its rollout of a new neighborhood format, with the grand re-openings of a pair of stores in the company’s hometown of San Jose on Oct. 6.

    Both stores have been operational for years, but the company said that the reformatting is so significant that they would be marked by grand re-opening celebrations.

  • Study: Few sites for smaller big-box footprints in urban Chicago

    Chicago -- A real estate report released Wednesday by Mid-America Real Estate Corp.’s Urban Team found that much of Chicago lacks the type of product that today’s downsized big-box retailers are looking for.

  • Bass Pro commits to third store in Colorado

    Loveland, Colo. -- Bass Pro Shops has signed a letter of intent with Loveland, Colo.-based shopping center developer McWhinney to anchor a new northern Colorado development at Centerra.

    The approximately 117,000-sq.-ft. Bass Pro Shops is intended to draw shoppers from Colorado, Wyoming, Nebraska, and beyond.

    “We are very excited to bring Bass Pro Shops to Loveland and be part of the Centerra development,” said Johnny Morris, founder and CEO, Bass Pro Shops.

  • Inland raises $1.1 billion of investor capital

    Oak Brook, Ill. -- Inland Diversified Real Estate Trust announced it has raised over $1.1 billion of investor capital, which will be used to continue the company’s acquisitions of a diversified portfolio of commercial real estate properties.

    “We believe that we have built an outstanding portfolio of stable, performing commercial real estate assets with very high occupancy, generating sustainable distributions for our investors,” said Barry Lazarus, president and COO of Inland Diversified.

  • BJ’s Restaurant and Brewhouse to open at South Hill Mall

    Puyallup, Wash. -- Youngstown, Ohio-based Cafaro Co. announced that BJ’s Restaurant and Brewhouse will open a 9,200-sq.-ft. restaurant at South Hill Mall in Puyallup, Wash.

    The new tenant is scheduled to open February 11, 2013, located between Red Robin and Olive Garden restaurants.

     

  • Hobby Lobby expands at Paradise Pavilion

    West Bend, Wis. -- Brixmor Property Group announced Hobby Lobby recently expanded from 46,546 sq. ft. to 57,346 sq. ft. at Paradise Pavilion, located in West Bend, Wis.

    Brixmor, based in New York City, is the owner of Paradise Pavilion.

     

  • Six new tenants to open at White City Shopping Center

    Shrewsbury, Mass. -- Charter Realty & Development said it has arranged six leases, totaling 33,191 sq. ft., in the White City Shopping Center located in Shrewsbury, Mass.

    Planet Fitness will open a 19,079-sq.-ft. facility, Elements Massage will open a 3,520-sq.-ft. unit, which was co-brokered with Blake Commercial, and Two Ovens will open a 3,532-sq.-ft. restaurant, which was co-brokered with Gallivan & Co.

  • SPL Realty secures 11 leases for Lorna Jane’s U.S. expansion in California

    Santa Monica, Calif. -- SPL Realty Partners, exclusively representing Australian women’s activewear retailer Lorna Jane, announced 11 leases have been secured for Lorna Jane’s expansion into the United States.

    The retail sites are located throughout the Southern California region including stores in Santa Monica, Woodland Hills, Glendale, Irvine and Huntington Beach.

    A warehouse was also secured for the support of the network of retail stores and online fulfillment in Santa Monica, Calif.

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