REAL ESTATE

Sierra Vista, Ariz. — The Realm Salon, an approved Aveda Salon, is opening a new 1,500-sq.-ft. full-service salon in Indian Hills Plaza in Sierra Vista, Ariz. The new salon plans to open by June 1.

First West Properties Corporation represented the tenant in the transaction. Commercial Retail Advisors represented the landlord, Indian Hills Investors.

Atlanta — Simon Property Group has announced a series of improvements for Phipps Plaza in Atlanta’s fashionable Buckhead district.

The first improvement will make over the interior with a fresh new look. Plans include upgraded LED lighting, repainting, new warm wood accents, an updated railing system, luxury soft seating and lounging areas with Wi-Fi connectivity and chargers, upgraded restrooms and the installation of a hotel-like concierge service center.

Tampa, Fla. - The Melting Pot Restaurants  plans to expand its footprint in select markets throughout the U.S., and Canada. Domestically, the company is looking to recruit new franchisees in cities such as Anchorage, Alaska; Little Rock, Ark.; Fresno, Calif.; Hartford, Conn.; Des Moines, Iowa; New York City; Chattanooga, Tenn.; Charleston, S.C.; and Portland, Maine, as well as Houston and El Paso, Texas.

Oak Brook, Ill. — Inland Real Estate Income Trust has acquired two shopping centers in Texas, and Florida, in separate transactions: Mansfield Pointe Shopping Center in Mansfield, Texas, and North Hills Square Shopping Center in Coral Springs, Fla.

IREIT acquired the 148,529-sq.-ft. Mansfield Pointe for $28.4 million and the 63,829-sq.-ft. North Hills Square Shopping Center for $11.05 million.

Arlington, Va. — Simon Property Group has announced details of a multi-phase renovation and expansion at The Fashion Centre at Pentagon City in Arlington, Va. Anchored by Nordstrom and Macy’s, The Fashion Centre is home to more than 170 stores.

Greenwich, Conn. — Newmark Grubb Knight Frank Retail Services has appointed Jessica Curtis as senior managing director in the Greenwich, Conn., office. Curtis will represent national clients in their expansion plans and work with local entrepreneurial retailers and restaurants ready to grow beyond their current locations.

Old Bridge, N.J. — Retail leasing specialists R.J. Brunelli & Co. has announced the promotion of Nick DeLuca to sales associate.

Milwaukee — Mid-America Real Estate Corporation’s investment sales team has brokered the final sales phase of The Shoppes of Nagawaukee in Delafield, Wis. This was the third transaction consummated on behalf of the seller, Told Development, for this shopping center since 2012.