REAL ESTATE

Q&A at RECon 2015 - Phillips Edison
Godwin plaza in New Jersey to undergo renovation
Midland Park, N.J. – The 22,000-sq.-ft. Godwin Plaza mixed-use center is to undergo a major renovation and repositioning beginning in the second half of this year. The center was purchased in 2014 by Accordia Realty Ventures of Fairfield, New Jersey with the intention of transforming it.

Jared opens new store banner

Garden City, N.Y. -- Jared The Galleria of Jewelry has devoted an entire store to one of its product brands.

The new store, Le Vian by Jared, is located at the Roosevelt Field Mall, Garden City, New York, and features the full Le Vian product line, from jewelry and timepieces to handbags and scarves. The space features curated in-store boutiques devoted to the individual product categories.
Eddie Bauer comes to Legacy Place center in Massachusetts

Dedham, Mass. – The Legacy Place shopping center is opening an Eddie Bauer location on July 2. The Legacy Place store will feature outerwear, apparel, footwear, gear, and accessories for men and women.

“Eddie Bauer not only enhances the overall merchandise mix of the center, it also adds another reason to make Legacy Place your first choice shopping destination” said Beth Winbourne, general manager, Legacy Place.
Shopko opening 15 stores in July, and another 15 in October

Green Bay, Wisc. — Shopko continues to expand, with the opening of 15 Shopko Hometown stores across eight states this July. The new locations join 20 stores Shopko opened earlier this year and more than 15 additional stores the company plans to open in October.
Johnny Rockets plans 100 new U.S. stores by 2017

Aliso Viejo, Calif. — Johnny Rockets plans to open 25 new domestic stores during 2015 and 100 new domestic stores by 2017 via franchise expansion.

The casual dining chain is targeting the following U.S. cities for franchise growth in its Johnny Rockets, Johnny Rockets Express and Johnny Rockets Route 66 banners: Tucson, Arizona; Houston, Bridgewater, New Jersey., Gainesville, Florida; and Bakersfield and Fresno, California.
Schimenti Construction nears completion of Chick-fil-A’s first NYC location

Ridgefield, Conn. — Chick-fil-A will open its first restaurant in New York City this July. The 13,000-sq-.ft. restaurant on Sixth Avenue at West 37^th Street was built by Schimenti Construction, which is also constructing a second Chick-fil-A, in Port Jefferson, N.Y., also due to open this summer.
Q&A at RECon 2015 - RPAI
F21 red to open at Tempe Marketplace in Arizona

Phoenix — Vestar announced the signing of Forever 21’s newest concept store, F21 red, at Tempe Marketplace, in Tempe, Ariz. The 1,000-sq.-ft. store, the first F21 in Arizona, will open this fall.

The F21 red brand will offer a larger merchandise selection and lower prices of the trendy fashion forward styles for young men and women than the typical Forever 21 store.
Phillips Edison Grocery Center REIT II purchases Georgia center

Cincinnati — Phillips Edison Grocery Center Reit II Inc. has purchased the Old Alabama Square center in Alpharetta, Ga. Old Alabama Square is a 103,268-sq.-ft. shopping center anchored by the Fresh Market.

This acquisition adds the first Fresh Market grocery-anchored shopping center to the company’s portfolio. The center also features national tenants Walgreens, Firehouse Subs, Verizon Wireless and State Farm.