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REAL ESTATE

  • Three new leases signed at Village at Lee Airpark

    Annapolis, Md. — Jacksonville, Fla.-based Regency Centers said three new tenants have leased space at Village at Lee Airpark, located in Annapolis, Md.

    Coldstone Creamery has leased 1,240 sq. ft., AT&T Authorized Dealer CellComm has leased 2,076 sq. ft., and Bay Tunes Guitars has leased 1,390 sq. ft.

    All three retailers are slated to open fall 2011, bringing the first phase of Village at Lee Airpark to 98% occupancy.  

  • New leases bring Dunning Farms to full occupancy

    Middletown, N.Y. — Charter Realty & Development Corp. said that three new leases and one relocation, totaling 90,372 sq. ft. has brought the Dunning Farms Shopping Center, located in Middletown, NY., to 100% occupancy.

    Since being brought on to lease Dunning Farms, Charter has executed new leases with Ollies Bargain Basement for 30,775 sq. ft., with Groo Shoes for 3,880 sq. ft., and with Nilsen Insurance for 1,175 sq. ft. What-a-Store has relocated to a 28,000-sq.-ft. store. 

  • CBL announces anchor redevelopments, expansion at Monroeville Mall

    Monroeville, Pa. — Chattanooga, Tenn.-based CBL & Associates Properties Inc. has announced a series of anchor redevelopments at Monroeville Mall in Monroeville, Pa., including the relocation of J.C. Penney to a new 110,000-sq.-ft. store on the upper level of the former Boscov’s location.     

    Additionally, the current J.C. Penney location will be redeveloped into a new state-of-the-art 12-screen Cinemark Theatre. 

  • Boqueria to open new restaurant in Washington, D.C.

    Washington, D.C. — Grosenor Americas announced that tapas restaurant Boqueria will open a 5,331-sq.-ft. restaurant in a former Penang Malaysian Cuisine space in Washington, D.C.

    Boqueria, which operates two New York City locations, is slated to open fourth quarter 2011.

    Grosvenor Americas also announced that Irish Whiskey will open a 3,815-sq.-ft. bar in the adjacent former Porters Dining Saloon space.

  • Five Below opens five stores in Detroit market, sees potential for 25

    New York — Five Below on Friday made its Michigan debut, opening five stores in the Detroit metro area. The chain specializes in “extreme value” merchandise for teens and pre-teens, with no item priced more than $5.

  • Coyote Management names Chapel Hills Mall marketing director

    Addison, Texas — Coyote Management, L.P. said that Jennifer Hillard will join Coyote Management starting July 18 as the new marketing director at the1.2-million-sq.-ft. Chapel Hills Mall, located in Colorado Springs, Colo. 

    Hillard was previously field communications manager/field trafficking manager at General Growth Properties, Chicago.     

  • Lucescu Realty opens Phoenix office, sells The Promenade in Scottsdale

    Newport Beach, Calif. — Lucescu Realty said it has opened a new regional office in Phoenix, its second office outside its California headquarters. The company recently opened a Las Vegas office and plans to open a San Francisco presence by year-end 2011.

    In other company news, Lucescu Realty said it completed the sale of The Promenade in Scottsdale, for $110 million.  Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego. 

  • Topshop to open in Vegas

    New York — U.K. fashion retailer Topshop in March will open its third U.S. location, a 20,000-sq.ft. Topshop/Topman flagship in Las Vegas’ Fashion Show Mall.  

     As previously reported,  the company’s second U.S. store is due to open this fall, in Chicago. 

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