REAL ESTATE

Richmond, Va. — Divaris Real Estate has leased shopping center space in Richmond to two retailers and a restaurant: Family Dollar, Wilson Lee Interiors and Hanako.

Family Dollar renewed its lease for 7,150 sq. ft. in the Divaris-leased and –managed Midlothian Crossing. Divaris represented the landlord, Midlothian Associates, in the transaction.

Dallas, Texas — Studio Movie Grill has acquired two leases for a 51,935-sq.-ft. building at the Town Center of Colleyville in Colleyville, Texas, according to Venture Commercial, the broker on the lease sale and assignment transaction.

Following extensive renovations to the former Colleyville Cinema, the new Studio Movie Grill plans to open in late May.

New York — H&M will open its largest store to date, a 57,000-sq.-ft. flagship on Manhattan’s Fifth Avenue, on July 17.  The massive, museum-inspired store will carry the fast-fashion’s entire product line-up, including maternity, newborn, special sizes along with childrenswear, men’s and women’s apparel, and cosmetics. It will also feature a home department and in-shop stores for accessories and lingerie.

New York City — Forever 21 has taken space at the Mall at Bay Plaza, which is scheduled to open on August 14. The new store will span about 15,000 sq. ft.

A new 166,000-sq.-ft. Macy’s and an existing 150,000-sq.-ft. J.C. Penney will anchor the new mall. Forever 21 will join more than 100 retailers at Bay Plaza, including Kay Jewelers, Victoria Secret, H&M and Michael Kors.

Queens, N.Y. — A new retail building is reportedly planned for the site of a former adult entertainment club in the Rego Park neighborhood of Queens. According to the Queens Chronicle, a 20,000-sq.-ft. building will occupy the location once occupied by the Goldfingers nightclub, which has been shuttered since 1999.  

Clifton, N.J. — Blink Fitness has leased a 15,000-sq.-ft. location at the 80,000-sq.-ft. Clifton Plaza shopping center in Clifton, N.J., according to Levin Management (www.levinmgt.com), the property’s managing and leasing agent.

Co-anchored by a 24,000-sq.-ft. Big Lots and a 14,000-sq.-ft. Dollar Tree, Clifton Plaza’s tenant roster includes GameStop, Radio Shack, Angel Tip Nails & Spa, Bruno’s Pizza, Sally Beauty Supply and Valley National Bank.

New York City — Restaurant chain Pret A Manger has leased a 2,577-sq.-ft. shop at 600 Lexington Avenue, a boutique 36-story office tower on East 52nd Street. The new location will bring the chains Manhattan locations to a total of 39.

RKF (www.rkf.com) represented Pret A Manger and the landlord, SL Green Realty Corp. in the transaction. Over the last two years, RKF has arranged a dozen new leases for the chain.

 

Indianapolis, Ind. — Simon Property Group has begun a collaboration with elevate DIGITAL, a developer of interactive digital technology, to install digital concierge solutions in a number of Simon’s U.S. retail shopping centers.