REAL ESTATE

Nordstrom Rack expanding in New Jersey; to open in Eatontown
Seattle -- Nordstrom plans to open a Nordstrom Rack Crossroads at Eatontown in Eatontown, N.J. The 35,250-square-foot store is scheduled to open in fall 2015. Crossroads at Eatontown is owned and operated by LGR Associates, LP.
Simon: Most holiday shoppers will visit malls
Indianapolis -- More than eight in 10 (83%) of holiday shoppers will shop at the mall during the 2014 holiday season, and that percentage climbs to 89% of millennial shoppers age 18-33. According to the new "2014 Holiday Shopping Behavior Survey" from Simon, nearly nine in 10 (87%) respondents agree that "malls have the latest and hottest fashion and styles of the season."

CBRE arranges Plano retail center sale

Dallas -- CBRE Capital Markets’ Retail Investment Properties team announced the sale of Towne Square Shopping Center in Plano, Texas. Dallas-based Norman J. Hoppenstein purchased the retail center from an undisclosed seller.
UCR Investment Sales closes on sale of Arlington Park Square

Arlington, Texas -- UCR Investment Sales, a division of UCR, announced the sale of Arlington Park Square, a 94,125-sq.-ft. value-add specialty retail center located in Arlington, Texas.
Store of the Week: Ben & Jerry's, Sao Paolo, Brazil
The Shade Store to open at Parker Harding Plaza

Westport, Conn. -- Charter Realty & Development said that it has leased space in Parker Harding Plaza in Westport, Conn., to The Shade Store. The Shade Store took 1,600 sq. ft., joining area tenants Patagonia, Nike, J Crew, GAP, Vineyard Vines, Pottery Barn, Coach, Talbots, Williams-Sonoma, Brooks Brothers, Sunglass Hut, Starbucks and many more.
Cabela’s expands to Houston with new League City store

Dallas -- UCR Dallas announced that Cabela’s will make its Houston debut with a new 72,000-sq.-ft. store at Interstate 45 and Big League Dreams Parkway in League City, Texas. Cabela’s will join HEB, Kohl’s and Big League Dreams Sports Park at this development. The new store is slated to open in fall 2015.
Work begins on Archer Hotel in Napa Center

Napa, Calif. -- The transformation of Napa Center, Trademark Property Co. and Zapolski Real Estate’s 275,000-sq.-ft., mixed-use redevelopment in downtown Napa, Calif., is continuing, as a new luxury hotel is in the works.
Luna Grill makes Texas debut at Riverwalk Market

Flower Mound, Texas -- UCR Dallas announced that Luna Grill opened its first Texas location in October, debuting at Riverwalk Market at the northeast corner of FM 2499 and FM 1171 in Flower Mound, Texas.

The Mediterranean restaurant leased 2,200 sq. ft. with an outdoor patio. Luna Grill currently has 16 locations in California and Texas, and expects to open more in 2015.
Stiles Realty hires industry vet as senior associate

Fort Lauderdale, Fla. -- Nicole Messer has joined the retail group of Stiles Realty as senior retail associate. In this role, Messer will focus primarily on developing third-party retail leasing and investment sales business in the Palm Beach, Fort Lauderdale and Miami markets.