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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.

  • Borders moves closer to liquidation as bankruptcy court judge okays Borders auction

    New York — Borders Group moved closer to liquidation after a judge on Thursday approved its motion to auction itself off with an offer from liquidators as its opening bid. The retailer said it will accept bids until 5 p.m. Sunday and will give notice by Monday if no other bidder emerges.

  • Gap to roll out more Athleta stores

    New York — Gap Inc. is expanding its Athleta brand. The company will open eight to 10 Athleta stores in 2011, with a total of 50 expected by 2013, according to Women’s Wear Daily

    As previously reported, Athleta will make its New York City debut this summer, opening two locations in Manhattan.

  • Microsoft to open 75 stores in next two to three years

    New York City -- In an address Wednesday at Microsoft’s Worldwide Partner Conference in Los Angeles, COO Kevin Turner said that Microsoft hopes to open 75 freestanding Microsoft stores within the next two to three years.

    “We’re going to open up to 75 more stores over the next two to three years, and continue to bring our stores outside the U.S. as well, so we’ve got a huge opportunity to get the Microsoft story out there, and we’re going to keep driving that,” Turner said.

  • Readers Speak Out: Is the growth of the burger category short-lived?

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