REAL ESTATE

Elizabeth Allen joins UCR as VP
Dallas - UCR Dallas, a retail real estate services provider, has named Elizabeth Nabholtz Allen as VP who will specialize in retail project leasing. Allen has extensive experience in property representation. Prior to joining UCR, Elizabeth was the director of leasing for RioCan Real Estate Investment Trust for Texas, where she directed leasing for more than 5 million sq. ft.
Legend Retail Group adds Legend Investment Group
Denver -– Legend Retail Group a provider of representation of retail tenants and landlords throughout the Denver metro area, has added a component to the firm’s list of client services: Legend Investment Group.

Rally House opens at Old Town Center in Dallas

Dallas -– Specialty sports retailer Rally House has signed a 10-year lease for a 6,200-sq.-ft. store location at Old Town Shopping Center in Dallas. Westwood Financial Corp. (WFC), a privately held owner-operators of U.S. retail properties, operates the center.
Bar Louie opens new location at Shops at Park Lane

Dallas –- Bar Louie will open its newest location at the Shops at Park Lane in Dallas. Bar Louie will occupy the 7,332-sq.-ft. former Park Tavern space and open mid-November. UCR’s Stan Lotridge represented the tenant, BL Restaurant Operations, and UCR’s Ashley O’Malley represented the landlord, Northwood Retail.
Project Spotlight: Jefferson Commons, Louisville, Ky.

Construction is currently underway at Jefferson Commons, a regional shopping center in a booming area of Louisville, Ky. Developed by GBT Realty Corp., based in Brentwood, Tenn., the 230,000-sq.-ft. Jefferson Commons will feature Academy Sports + Outdoors, Five Below, Mattress Firm, Mens Wearhouse, Hancock Fabrics and Avalon Nails.
Century 21 opens as The Gallery anchor Oct. 28

Philadelphia -- Century 21 Department Store is opening an approximately 95,000-sq.-ft. anchor store at The Gallery shopping center in Philadelphia on Tuesday, Oct. 28. This will be New York-based Century 21’s first location outside the New York market.
Expansion at Sawgrass Mills to bring an additional 30 stores and restaurants

Sunrise, Fla. - The Sawgrass Mills outlet and value retail shopping center has begun construction on the next expansion of its open-air luxury promenade, The Colonnade Outlets at Sawgrass Mills. The planned project will include an additional 80,000 sq. ft. to comprise 30 additional luxury outlet stores and full-service restaurants, which will join a roster of existing brands like Prada, Gucci, Tory Burch, Burberry and more.
Report: H&M opens at Dayton Mall Oct. 30

New York – Fast-fashion retailer H&M is reportedly opening a new 21,000-sq.-ft. store at the Dayton Mall in Dayton, Ohio on Thursday, Oct. 30. According to the Dayton Business Journal, H&M has hired 30 employees to staff the location.
Avison Young executes sale of Lindbergh Crossing in Atlanta

Atlanta –- Commercial real estate services firm Avison Young has completed the $7.06 million sale of Lindbergh Crossing, a 27,057-sq.-ft., fully-leased shopping center in Atlanta. The team enabled the seller, Lindbergh Crossing, LLC, to harvest a significant gain on the property within a relatively short holding period.
Pine Tree Commercial Realty acquires South Pasadena Shopping Center

Tampa, Fla. -- Northbrook, Illinois-based Pine Tree Commercial Realty, LLC announced that it has acquired South Pasadena Shopping Center, a grocery-anchored community shopping center located in South Pasadena (Tampa), Florida, for $21.1 million. The recent acquisition is Pine Tree’s 73rd and brings the company’s current portfolio to 3.5 million sq. ft. in 15 states.