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REAL ESTATE

  • Trademark acquires retail property across from company’s La Palmera

    Fort Worth, Texas -- Trademark Property said Wednesday it has purchased two retail centers located directly across from La Palmera mall in Corpus Christi, Texas.

    The 15.5-acre Staples Center, built in the 1980s, and the 3.8-acre Mt. Vernon Center, built in the 1940s, will undergo rebranding along with a major redesign and renovation, scheduled to begin late 2012 with completion slated for 2013.

    The redeveloped center, to be named The Shops at La Palmera, will total approximately 200,000 sq. ft.

  • Marcus & Millichap names retail exec

    Palo Alto, Calif. -- Marcus & Millichap Real Estate Investment Services said it has named Kirk L. Trammell senior director of the firm’s National Retail Group in Palo Alto.

    Trammell joined Marcus & Millichap in June 1989. During his career, he has closed more than $1 billion in commercial property transactions, according to the company.

  • Buffalo Wild Wings to open in Brick Township, N.J.

    Plymouth Meeting, Pa. -- Fameco Real Estate said that Buffalo Wild Wings has signed a 6,200-sq.-ft. lease at the Kennedy Mall in Brick Township, N.J.

    The AntSul Group, doing business as Buffalo Wild Wings in the region, currently has two locations open; one in North Brunswick and one in Bridgewater. The location at Kennedy Mall will be the group’s third and it is expected to open in late May.
     

  • Armani to debut first junior flagship in U.S.

    New York -- Prudential Douglas Elliman's Retail Group said it has orchestrated a long-term lease for the first Armani Junior standalone flagship in the United States at 1225 Madison Avenue, on the northeast corner at 88th Street in Manhattan.      

    Neighboring retailers along the corridor include Brooks Brothers, Ankasa, Jacadi, Rachel Riley, J.Crew, Buckhouse, Jack Rogers, Joie, Koos, Intimacy, Ann Crabtree, Rose Pope Maternity and The Shoe Box.

  • Report: Retailers’ growth plans running 5% ahead of last year

    New York -- Retailers’ growth plans are running about 5% ahead of year-ago projections, according to ChainLinks Retail Advisors’ Spring 2012 Retailer and Restaurant Expansion Guide.

  • Two Madison Marquette officials earn ICSC state directorships

    Washington, D.C. -- Madison Marquette announced Thursday that two of its senior professionals, John-david Franklin (who will represent Pennsylvania, Delaware and Southern New Jersey) and Chuck Taylor (who will represent Florida), have been selected as State Directors by the International Council of Shopping Centers.

    The volunteer positions are granted annually to industry leaders who are seen to display unique dedication to ICSC goals and mission.

  • HomeGoods to open store in Simsbury Commons

    Simsbury, Conn. -- Charter Realty & Development said it has leased 23,500 sq. ft. to HomeGoods in Simsbury, Conn.

    HomeGoods, a TJX banner, will be opening in Simsbury Commons Shopping Center in a former Borders location, joining Stop & Shop, Bed Bath & Beyond, Hoyt Cinema and Bob’s Store.

    The 256,497-sq.-ft. center is owned by Columbia, S.C.-based EDENS.

    Charter Realty & Development represents TJX Cos., including HomeGoods, T.J. Maxx and Marshalls, throughout the eastern half of the United States.

  • Lord & Taylor opens in Westchester, N.Y.

    New York -- Lord & Taylor has opened an 80,000-sq.-ft. store in Ridge Hill center, Westchester, N.Y.

    The store, which cost a reported $30 million to build, has a very contemporary look and spacious feel, with large Italian white tiles throughout.

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