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REAL ESTATE

  • Federal Realty Celebrates a Half-Century in Retail

    As one of the oldest REITs in existence today, Federal Realty Investment Trust has every right to send up some fireworks over reaching the 50-year mark this year.

    The Rockville, Md.-based real estate company was established in 1962 with three properties in the metropolitan Washington, D.C., area, including Congressional Plaza (shown here, both then and now). Today, Federal Realty’s portfolio comprises about 19.3 million sq. ft. primarily in its core base of the northeastern and Mid-Atlantic U.S., as well as in California.

  • Westwood buys retail center in Macon, Ga.

    Macon, Ga. -- Westwood Financial Corp., one of the nation’s largest owner-operators of shopping centers, has purchased Wesleyan Station, an 86,631-sq-.ft, retail center in Macon, Ga., for $8.9 million from a private seller.

  • Dick’s Sporting Goods to open 487th store

    Pittsburgh -- Dick's Sporting Goods will open a store in Union, N.J., on May 2.

    The Union location will be the retailer's 16th store in the state of New Jersey and its 487th nationwide.
     

  • Westwood sells Pacific Plaza Shopping Center

    Ontario, Calif. -- Westwood Financial Corp. has sold Pacific Plaza Shopping Center located at in Ontario, Calif., for $7.4 million.

    “This transaction is the latest in our firm’s overall plan to rebalance our portfolio, as the funds generated here will be reinvested in grocery-anchored properties in the Southeast,” said Westwood financial executive VP Joe Dykstra.

  • Kolletti Bambini opens at Malibu Country Mart

    Malibu, Calif. -- Southern California lifestyle center Malibu Country Mart welcomed Kolletti Bambini, a boutique specializing in designer clothing and accessories for children and infants.

    The 630-sq.-ft. boutique opened on April 20.
     
    Malibu County Mart features 90,000 sq. ft. of high-end retail, dining and services housed in an eclectic mix of architectural styles including Mediterranean, modern and rustic influences. 
     

  • NRDC announces new tenants for Northampton Crossings

    Easton, Pa. -- Purchase, N.Y.-based National Realty & Development has announced the opening of Panera Bread at Northampton Crossings, located in Easton, Pa. Panera occupies a 3,860-sq.-ft. drive-thru space.

    PetSmart will open at the center in late spring, with a 12,500-sq.-ft. store. The two new stores join anchor tenants Walmart Supercenter, Kohl’s, Sam’s Club and Regal Cinemas.

    Other recent transactions at the center include Staples and Shoe Show lease renewals.
     

  • Medicine Bow Furnishings opens at Promenade Shops at Centerra

    Loveland, Colo. -- The Promenade Shops at Centerra, located in Loveland, Colo., announced that Medicine Bow Furnishings has opened a new store at the south end of the center, across from Barnes & Noble.

    The Promenade Shops at Centerra features over 72 shopping, dining and entertainment destinations.
     

  • Party City to open new Manhattan location

    New York – Dallas-based SRS Real Estate Partners said it has negotiated an 11,825-sq.-ft. lease on behalf of Party City for a new store in the Penn Plaza district of Manhattan.

    The store, at 223 West 34th St., is scheduled to open in second quarter 2012. This will be the party goods retailer’s second location in Manhattan.
     

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