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REAL ESTATE

  • GNC opens at Sarasota Village

    Sarasota, Fla. -- Centro Properties Group US announced that GNC has opened a 1,100-sq.-ft. store at Sarasota Village shopping center, located in Sarasota, Fla.

    Centro, based in New York City, is the owner of Sarasota Village.
     

  • Athleta makes East Coast debut

    San Francisco -- Gap will open two Athleta store this week in Manhattan’s Upper East and Upper West side neighborhoods. The openings mark the women’s active wear brand’s entry into the East Coast market, and support Athleta’s plan to open up to 50 stores by 2013.

    “Entering New York is a significant milestone for us as we aim to grow our share of the $31 billion women’s active wear market,” said Scott Key, senior vice president and general manager of Athleta.

  • PREIT announces new retail leases

    Philadelphia -- Pennsylvania Real Estate Investment Trust announced that almost half-a-million sq. ft. of leasable space was signed or opened across its mall portfolio since the end of April.

    According to PREIT, leases have been executed with J.C. Penney, Nordstrom Rack, Bravo Cucina Italiana and Forever 21 at Willow Grove (Pa.) Park, in the reconfigured space formerly occupied by Strawbridge’s.

  • Taubman to acquire Chinese retail property consultancy for $24 million

    Bloomfield Hills, Mich. -- Shopping center owner Taubman Centers reported Monday that its Taubman Asia division will acquire 90% controlling interest in TCBL Consulting Limited, a Beijing-based retail real estate consultancy with seven offices in mainland China.

  • CBRE announces exec promotion

    New York City -- CB Richard Ellis Group, Inc. announced Tuesday that Matt Van Buren has been promoted to president, New York Tri-State Region.

    Van Buren joined CBRE in January 2006. Previously, he served as executive managing director, with responsibility for CBRE's Midtown Manhattan brokerage division, as well as all activities relating to the firm's operations at its New York City headquarters at 200 Park Avenue.

  • Sports Authority to open six stores on Aug. 13

    Englewood, Colo. -- Sports Authority said Tuesday it will open six new stores on Aug. 13.

    The new stores will open in five states, and include the major markets of Miami, Los Angeles, Salt Lake City, Chicago and Milwaukee.
     

  • Divaris Real Estate names general broker

    Virginia Beach, Va. -- Divaris Real Estate announced Tuesday the appointment of Eric Bucklew as general broker for its Virginia Beach office.

    Bucklew will focus on retail sales and leasing services to support the expansion of DRE's portfolio of leased and managed properties in the Hampton Roads, Va., region.

  • Regency Centers purchases Rockridge Center for $20.5 million

    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.

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