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REAL ESTATE

  • Inserra Supermarkets to develop new ShopRite

    Wyckoff, N.J. -- Inserra Supermarkets said Wednesday that its redevelopment plans for a 7.6-acre underutilized site in the heart of Wyckoff, N.J., which has been vacant for more than 10 years, are progressing.

    The Mahwah, N.J.-based supermarket chain plans to raze an uninhabitable 53,000-sq.-ft. building to develop a new 62,174-sq.-ft. ShopRite within the Township’s central business district.

  • Forest City names marketing director for Promenade Temecula

    Cleveland -- Forest City Commercial Management announced the appointment of Kym Espinosa as marketing director for Promenade Temecula, a regional lifestyle center in Temecula, Calif.

    Espinosa, who has more than 20 years of experience in the shopping center industry, is responsible for marketing program strategy and implementation for the 1.1 million-sq.-ft. retail center.

  • BlackSand Capital acquires Pearlridge Uptown II

    Honolulu, Hawaii -- Colliers Monroe Friedlander, an affiliate of Colliers International, said that BlackSand Capital, LLC, a Hawaii-based real estate investment firm, acquired Pearlridge Uptown II from Inspiration International, LLC.

  • Coffee Works Cafe opens at Voorhees Town Center

    Voorhees, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Coffee Works Cafe has opened its second location on Town Center Boulevard of its Voorhees Town Center property.

    More is on the horizon for Voorhees Town Center, as the municipal offices of Voorhees, N.J., will relocate to the second level of the mall in spring 2011. Also in 2011, first-to-market Firecreek Restaurant + Bar and Doghouse Gourmet Burgers are slated to join Voorhees Town Center’s Town Center Boulevard.

  • Walmart drops plan to build store near Civil War site

    Orange, Va. -- Wal-Mart Stores has abandoned its plans to build a Walmart Superstore near a Civil War battlefield in Virginia. The retailer’s lawyers made the announcement Wednesday in a northern Virginia court, where a judge has been hearing a case to block the plan.

  • Meijer to open new urban format in Chicago suburb

    Berwyn, Ill. -- The city council of Berwyn, Ill., has unanimously approved a redevelopment agreement with Meijer to anchor the city’s Cermak Plaza shopping center. Meijer currently has nearly 200 locations in the Midwest, and this newest site will be the closest location to downtown Chicago.

    Meijer recently announced a new format, Chicagoland, for the urban marketplace. These urban infill stores will focus largely on grocery and pharmacy but will still offer general merchandise for a one-stop-shopping experience.

  • Englewood Construction announces new retail projects

    Chicago -- Lemont, Ill.-based Englewood Construction said Wednesday it has embarked on five new projects -- four in the Midwest and one in Washington, D.C.

    In the Chicago area, Englewood has been tapped for three new retail projects, including the interior build-out for a new Trader Joe’s coming to the city’s Lincoln Park neighborhood. Trader Joe’s will occupy 14,801 sq. ft. of first-floor retail space, topped by a two-story parking deck. The new store is slated to open in April.

  • EMS to open Manhattan store in fall

    Pearl River, N.J. -- Katz & Associates, the exclusive broker for Eastern Mountain Sports, announced that the retailer has executed a lease for a 3,000-sq.-ft. flagship on the Upper West Side of Manhattan.

    The two-level store, EMS’ second to date in Manhattan, will be located on the southeast corner of Broadway and West 76th Street. It is scheduled to open this fall.

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