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REAL ESTATE

  • Yotagious Frozen Yogurt to Thatcher, Ariz., Center

    Tucson, Ariz. — Yotagious Frozen Yogurt of Thatcher has leased a 1,500-sq.-ft. space at the Gila Valley Shopping Center in Thatcher, Ariz., and plans to open in the early spring of 2014.

    The Tucson office of CBRE represented Gila Valley’s owners in the transaction.

  • JLL expands into Phoenix

    PhoenixJones Lang LaSalle is expanding its retail brokerage platform into Phoenix. Tyson Switzenberg will lead the firm’s new Phoenix practice. Senior Associate John Reva and Associate Trask Switzenberg will join him.

  • Nordstrom Rack announces two new stores for fall 2014

    Seattle – Nordstrom plans to open two new Nordstrom Rack stores in fall 2014. The approximately 35,000-sq.-ft. stores will be located at Tempe Marketplace in Tempe, Ariz. and Plaza at Jordan Creek in West Des Moines, Iowa.

    The Tempe property is owned and managed by Vestar and the Plaza at Jordan Creek is being co-developed by Hurd Real Estate Services, Inc. and Signature Real Estate Services, Inc.

  • Carter’s to open in Alameda, Calif., center

    Alameda, Calif. — Carter’s, a children’s clothing and accessories retailer, has signed a 10-year lease for a 4,178-sq.-ft. store at Alameda South Shore Center in Alameda, Calif., according to Jamestown, a real estate investment and management firm.

    The new store, located close to Kohl’s, is scheduled to open in the first quarter of 2014. SRS Real Estate Partners represented Carter’s in the transaction.

  • Liberty Travel signs into Bedminster, N.J.’s Hills Village

    Bedminster, N.J. — Liberty Travel has leased a 1,853-sq.-ft. space at The Hills Village Center in Bedminster, N.J., according to Levin Management, the exclusive leasing and managing agent for the property.

    Relocation Realty represented Liberty Travel in the transaction. Liberty’s neighbors in the 109,800-sq.-ft. center include Kings Supermarket, CVS, Starbucks, Great Clips, Cold Stone Creamery, The UPS Store, GNC and Subway.

  • JLL names new Midwest property management lead

    Chicago Jones Lang LaSalle Retail has announced the expansion of its Midwest platform with the addition of Sylvia Payette as the new Midwest property management lead.

  • Aldi plans 650 new U.S. stores in next five years

    Batavia, Ill. – Discount grocer Aldi is launching a five-year strategic plan to open 650 new stores across the United States. The chain launched its expansion efforts with the decision to build its regional headquarters and distribution center in Moreno Valley, Calif.

  • New retailers sign into Arbor Lakes in Maple Grove, Minn.

    Minneapolis — The Opus Group has announced office and retail leases and two land sales in the Arbor Lakes development in Maple Grove, Minn.

    Pro Ag Management Inc. will occupy 9,179 sq. ft. on the second floor of the North End Office and Retail Building. With the Pro Ag lease, the center’s office space is now 100% leased. On the retail side, Sola Salon Studios has leased 4,524 sq. ft. of ground-level retail space in the same building. Colliers International brokers represented the tenants as well as Opus in these transactions.

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