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REAL ESTATE

  • Walgreens opens joint store with Johns Hopkins

    Deerfield Park, Ill. – Walgreens is opening a new joint store with Johns Hopkins Medicine adjacent to the medical school’s campus in Baltimore. The new Walgreens “Well Experience” store offers a normal Walgreens product assortment, as well as health services including student health services, a healthcare clinic, and chronic disease education.

    The healthcare clinic is staffed by board-certified nurse practitioners, marking the first Walgreens in-store retail clinic in the state of Maryland.

  • JLL brokers sale of Atlanta’s Powers Ferry Plaza

    Atlanta — Jones Lang LaSalle has closed the sale of Powers Ferry Plaza on behalf of Equity One. An Atlanta-based private investor purchased the 86,401-sq.-ft. shopping center anchored by Micro Center.

    The property is strategically located on approximately 10.7 acres along Powers Ferry Road near the intersection of Powers Ferry Road and Delk Road, a little more than 12 miles northwest of downtown Atlanta.

     

  • Outlet centers helping REITs to thrive

    New York -- Since 2009, retail sales at North America’s 205 outlet centers have increased from $19.9 billion to $27.6 billion, an increase of $7.7 billion, according to an International Council of Shopping Centers report.

    Six publicly traded REITs with notable outlet center portfolios have benefited from outlet center success, according to SNL Financial. They are:

  • Mid-America sets up in-house marketing and PR

    Oakbrook Terrace, Ill.Mid-America Real Estate Group has named Emily Dutson as the firm’s first in-house marketing associate.

    Beginning on Dec. 1, she will oversee all channels of marketing and public relations for each of Mid-America’s locations in Oakbrook Terrace, Ill., Chicago, Detroit, Milwaukee and Minneapolis. She will provide all online, social media, website and print content as well as promotional initiatives and media communications.

  • Starbucks opens India flagship in Bangalore Nov. 23

    Bangalore, India - Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited, opens a new India flagship store in Bangalore on Saturday, Nov. 23.

    In addition to the flagship store at Koramangala, Tata Starbucks Limited will open two more stores by the end of the year at Phoenix Market City and Orion Mall at Brigade Gateway in Bangalore.

  • SL Green buys out prime lease at 650 Fifth Avenue

    New York — SL Green Realty Corp. and partner Jeff Sutton have entered into an agreement to buy out the lease of retailers Juicy Couture at 650 Fifth Avenue. The transaction will enable the leasehold owners to combine Juicy Couture’s existing basement, grade-level and second floor retail space with additional vacant space on the third floor and accelerate the partnership’s ability to reposition the building’s premier retail corner location.

  • TitleMax, Curry in a Hurry sign DC Metro leases

    Rockville, Md. — TitleMax, a title lending company, and Curry in a Hurry have signed leases in the Washington, D.C., metropolitan area, according to Divaris Real Estate, which represented both tenants in the transactions.

    TitleMax took 1,850 sq. ft. in Manassas Park Center in Manassas Park, Va. TitleMax has more than 1,000 stores in 12 states.

    Curry in a Hurry leased 1,706 sq. ft. in Southbridge Plaza in Dumfries, Va. Curry in a Hurry joins Quiznos, Five Guys, Pizza Boli’s and Mandrian Court.

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