REAL ESTATE

Dallas -- Cypress Equities announced that Swim U has signed a lease to occupy 4,592 sq. ft. at Plantation Point Shopping Center, located in Raleigh, N.C.

Swim U is a year-round indoor swim school for kids.

New York City -- Prudential Douglas Elliman's Retail Group said it has arranged a long-term lease at 1225 Madison Avenue for Poulet Rose, the recently launched tween division of young girl's fashion and accessories brand Pink Chicken.  

The current lease represents the brands' first standalone store in New York City, with only one other, a Pink Chicken, located in Amagansett. 
 

New York City -- Sabre Real Estate Group said it has arranged a lease for the first Orangetheory Fitness Studio on Long Island.

The lease with landlord Federal Realty Investment Trust is for 3,480 sq. ft. at the Huntington Square Mall, located in East Northport and anchored by Sears and Barnes & Noble. The studio is expected to open in February.

Orangetheory Fitness has plans to open as many as 30 studios in Nassau and Suffolk Counties. 
 

Jacksonville, Fla. -- Regency Centers announced it has closed on the acquisition of its first New York property, the 141,382-sq.-ft. Lake Grove Commons, for $72.5 million with its co-investment partner First Washington Realty.

Located on Long Island, Lake Grove Commons is a Class A property anchored by the only Whole Foods Market in Suffolk County along with LA Fitness and Petco. Built in 2008, the center is fully leased to six national tenants.

New York City -- Apple stores around the world are pulling in an annual average of $4,709 sales per square foot, CNN Money reported.

While a handful of super-high-end luxury retailers with limited floor space in New York City and foreign capitols may do better, Apple’s numbers make it by far the most valuable chain in the United States. Apple’s closest chain competitor is Tiffany & Co., which garners an average of $2,974 per square foot, according to the report.


 

Madison, Miss. -- Chattanooga, Tenn.-based CBL & Associates Properties announced that Michaels would join the second phase of The Forum at Grandview, a community center in Madison, Miss.

Construction for the 83,000-sq.-ft. second phase is currently underway. In addition to Michaels, anchors will include Ulta, Homegoods, and Petco as well as 14,000 sq. ft. of specialty stores. The opening of phase II is scheduled for summer 2012.

Woodmere, Ohio -- Urban Outfitters’ concept Free People, as well as men’s shoe retailer Allen Edmonds, will make their debut to the Northeast Ohio market when they open their doors at Eton Chagrin Boulevard.

The Eton location is Free People’s first Ohio boutique while the only other Allen Edmonds stand-alone store in the state is an outlet store in Jefferson, Ohio.

Carmel, Ind. -- Indianapolis-based Kite Realty Group said that two new tenants will open at Hamilton Crossing Centre, located in Carmel, Ind.

Sport Clips has leased 1,293 sq. ft. and Evita Salon & Spa has leased 1,956 sq. ft.

Hamilton Crossing has a total GLA of 39,072 sq. ft. on 12.64 acres.