REAL ESTATE

Laguna Hills, Calif. -- The Hodgdon Group said it has completed construction on the conversion of a Circuit City building in Laguna Hills, Calif., for the grand opening of an Ashley Furniture HomeStore on Friday, April 20. 



The former Circuit City building was expanded to make way for a fully remodeled 51,000-sq.-ft. retail building, which includes the new 33,000-sq.-ft. Ashley Furniture HomeStore plus Total Wine & More in the remaining 18,000 sq. ft.

Tampa, Fla. -- The Container Store said it will be the anchor tenant of The Corner, a new 35,000-sq.-ft. retail center to be built on the corner of Westshore Boulevard and Spruce Street opposite International Plaza, in Tampa.

The Corner is a joint venture development of Saber Corner, an affiliate of Saber Real Estate Advisors, and ARC Property Trust, a Real Estate Investment Trust sponsored by ARC Properties Inc.

Milwaukee -- The Milwaukee office of Opus Development Corp. announced that T.J Maxx, Ulta Salon, Rue 21 and Charming Charlie’s will be the first tenants in the second phase of its Shoppes at Fox River retail development in Waukesha, Wis.

Virginia Beach, Va. -- Divaris Real Estate Inc. announced the following lease transactions were completed for several retail tenants:

A lease extension was signed with Tidewater Finance Co. for 25,516 sq. ft. of retail space in the DRE-leased and –managed Tidewater Plaza in Virginia Beach.

Atlanta -- Jones Lang LaSalle announced it has hired Paul Berkman, Craig Slosberg, Davie Berke and Justin Haber in New York. The retail brokers will head the expansion of the firm’s retail tenant representation services in Manhattan.

Boston -- The Wilder Cos. announced the addition of Jo-Ann Fabric & Crafts at two of its New Hampshire shopping centers.

Jo-Ann Fabric and Crafts recently opened at Belknap Mall, the only enclosed shopping mall north of Concord. The new store joins Peebles Department Store, Shaw’s, Maurices, Lakes Region Jewelers, CVS and Dunkin Donuts at the 218,500-sq.-ft. mall.

Chattanooga, Tenn. -- CBL & Associates Properties announced it has acquired interests in The Outlet Shoppes at El Paso in El Paso, Texas, and The Outlet Shoppes at Gettysburg in Gettysburg, Pa.

The operating outlet centers are owned and managed by Horizon Group Properties and its affiliates.
 
CBL has acquired a 75% interest in The Outlet Shoppes at El Paso and a 50% interest in The Outlet Shoppes at Gettysburg, for a total investment of $108.7 million.

Oxford, Mich. -- X Team, an international alliance of retail real estate advisors, announced that Detroit-based partner Stokas Bieri Real Estate represented Center Management in the purchase of The Promenade at Waterside in Oxford, Mich.