REAL ESTATE

Jacksonville, Fla. -- Regency Centers said Monday it has acquired Rockridge Center, a 125,213-sq.-ft. grocery-anchored neighborhood center in Plymouth, Minn.

The property was purchased in an off-market transaction for $20.5 million from private real estate development company Hempel Properties.

This is the second grocery-anchored shopping center acquisition by Regency within 45 days.

New York City -- In his most recent column “Retail Rap with Jeff Green,” Chain Store Age columnist Green challenges the advent of outlet centers, questioning whether there are enough viable outlet center markets to support the growing number of developers who are plugging into the shopping center format.

Click here to read Green’s column.

Myrtle Beach. Fla. -- CBL & Associates Properties recently selected The Brandon Agency to provide media planning and buying services for 75 malls and shopping centers in 25 states.

The scope of services the agency will provide CBL includes guerilla advertising, Facebook pay-per-click, media planning, media buying, and media placement in print, broadcast, cable, radio and internet media outlets.
 

Highland Village, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to two new tenants at The Shops at Highland Village, located in Highland Village, Texas.

Soma Intimates will open a 2,793-sq.-ft. store in August, and local women’s and children’s retailer Megan’s Lifestyle Boutique has leased 2,000 sq. ft. for an October opening.

Sydney, Neb. -- Cabela’s announced plans to build a store in Rogers, Ark. The 100,000-sq.-ft. store, Cabela’s first in Arkansas, is scheduled to open in the summer of 2012. The retailer also has also announced plans to build stores in Wichita, Kan., and Tulalip, Wash., as well as Saskatoon, Saskatchewan, Canada, all expected to open in 2012.

Brentwood, Tenn. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to four new tenants at Peartree Village, located in in Brentwood, Tenn.

Petco opened an 11,120-sq.-ft. store, NeighborMD Urgent Care has leased 3,736 sq. ft. of medical office space, and Serenity Nail Spa has leased 2,339 sq. ft. First Watch, a breakfast, brunch and lunch restaurant, has opened its first Tennessee location in 3,586 sq. ft., occupying a former Hollywood Video space. All stores are now open, and the center is 100% leased.

Colorado Springs, Colo. -- Addison, Texas-based Coyote Management LP said that Jimmy John’s will open a 1,665-sq.-ft. sandwich shop at Chapel Hills Mall, in Colorado Springs, Colo.

The new restaurant is slated to open this fall.

Chapel Hills Mall is a two-level, 1.2 million-sq.-ft. enclosed super-regional mall anchored by Dillard’s, J.C. Penney, Macy’s, Sears, Dick’s Sporting Goods and Burlington Coat Factory.
 

New York City -- Fresh & Easy Neighborhood Market, the U.S. division of Tesco, has joined the growing number of retailers opening smaller-format stores. The grocery store operator plans to test a new concept, called Fresh & Easy Express, in San Pedro, Calif.

Fresh & Easy’s new format will be in the 4,000 sq. ft. range, compared with its typical 10,000-sq.-ft. footprint.

For more, go to freshneasybuzz.blogspot.com/