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REAL ESTATE

  • Westside Market to open in Manhattan

    New York City -- New York City-based Winick Realty announced that Westside Market has leased its fourth Manhattan location at 2589 Broadway, between 97th and 98th Streets on the Upper West Side.

    The 46-year-old family-owned food market and caterer took a total of 15,607 sq. ft., including 8,607 sq. ft. on the ground floor and 7,000 sq. ft. on the lower level. It currently runs two additional Upper West Side locations, as well as one in Chelsea.

  • Survey details importance of a store’s external appearance

    New York City -- Even in today’s digital world, a store’s physical appearance matters -- and it does so significantly, according to market research firm Morpace’s latest Omnibus survey. The study shows that consumers form an opinion of a business based on physical presence, which heavily influences their decision whether or not to shop at a location.

  • Borders extends leases on 11 stores

    New York City -- Borders Group has reached agreements with its landlords to extend the leases on 11 stores it had previously asked a bankruptucy court to shutter, the Associated Press reported.

    Last week, the chain asked permission to start liquidating 51 stores because of a condition for its financing. But it said at the time it was actively working to keep them open.

  • TJ Maxx opens at Lagniappe Village

    New Iberia, La. -- Centro Properties Group announced that T.J. Maxx recently opened a new 24,035-sq.-ft. store at Lagniappe Village, located in New Iberia, La.

    New York City-based Centro owns the shopping center.

  • Baker Katz acquires Four Corners Shopping Center

    Tomball, Texas -- Houston-based commercial real estate brokerage Baker Katz said it has acquired the Four Corners Shopping Center in Tomball, Texas.

    Baker Katz purchased the 120,000-sq.-ft. center through an investment fund dedicated to real estate development, acquisition and ownership. The center holds the last remaining big-box vacancy in Tomball, a 45,000-sq.-ft. former Kroger space. Baker Katz plans to begin a major renovation on the center later this year and will look to re-lease the space.

  • Charming Charlie to open at Geneva Commons

    Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Charming Charlie will open an 8,650-sq.-ft. store at Geneva Commons, in Geneva, Ill., a western suburb of Chicago.

    The new store is slated to open summer 2011 in the 437,650-sq.-ft. lifestyle center, joining a recently opened Sephora, which debuted a 3,909-sq.-ft. store in the center.

    Geneva Commons is anchored by Dick’s Sporting Goods, Barnes & Noble, Crate & Barrel, Pottery Barn, H & M, Anthropologie and more.
     

  • Chipotle to open at Elston Plaza

    Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Chipotle Mexican Grill, along with Clearly Cares Dental, have recently signed leases at Elston Plaza in Chicago.

    Denver-based Chipotle Mexican Grill, which leased 2,405 sq. ft., plans to open a restaurant in third quarter 2011. Clearly Cares Dental signed a lease for 1,500 sq. ft. with plans to open this summer.

    Elston Plaza is a 91,713-sq.-ft. Jewel/Osco-anchored shopping center in northwest Chicago.
     

  • Five Guys Burgers and Fries to open at Westwood Village

    Magnolia, Texas -- Jacksonville, Fla.- based Regency Centers said it has leased restaurant space in Magnolia, Texas, at Westwood Village to Five Guys Burgers and Fries.

    Five Guys leased 3,127 sq. ft., bringing the center to 97% leased. The restaurant is now open for business.

    Westwood Village is a 310,000-sq.-ft. community center anchored by Target, Ross Dress For Less, and T.J. Maxx.

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