REAL ESTATE

Dallas -- X Team International partner Venture Commercial Real Estate has completed leases for two LA Fitness locations in Austin and McKinney, Texas.
 
"As LA Fitness continues to expand its footprint into North and Central Texas, our focus remains on identifying prime locations that will both meet the club's needs and generate increased foot traffic," said Venture Commercial Partner John Zikos.   
    

Conshohocken, Pa. -- Ikea is submitting plans to Clark County, Nevada, for a Las Vegas-area store that would increase the Swedish retailer’s presence in the western United States.

The application marks the beginning of an approval process that could lead to the store’s opening as early as summer 2016.

Chicago -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Gateway Square in Hinsdale (Chicago MSA), Illinois. The 39,710-sq.-ft. center was purchased for $10 million, excluding closing costs and adjustments, by Buffalo Grove, Illinois-based C P Management, LLC.
 

Los Angeles -- Kennedy Wilson has closed four retail and entertainment lease transactions in Hollywood, Santa Monica and Westchester. The collection of new leases carries an aggregate value of more than $3 million.

New York -- Winick Realty Group announced three new retail leases at 400 Broome Street, fronting Kenmare, Cleveland and Broome Streets in Manhattan’s Nolita neighborhood.

Aaron S. Fishbein and Darrell Rubens of Winick Realty Group represented landlord Coral Broome Street LLC as they repositioned and upgraded these ground-floor retail opportunities.

New York -- Another online retailer has made the leap to the physical space.  Beauty subscription company Birchbox has opened its first brick-and-mortar store, in Manhattan’s SoHo neighborhood. The two-level store brings the company’s digital experience to life, with a big emphasis on new products, customer reviews and expert advice. It also offers hair, nails and make-up services and group classes on various topics. The first class, taking place the week of July 21, will focus on make-up contouring tricks.
  

When Regency Centers signed Whole Foods Market to anchor its new retail development — Belmont Chase — in Ashburn, Virginia, the developer further elevated an already exciting project.

With a projected summer 2015 opening, the 80,000-sq.-ft. center will include metro-D.C.’s first Cooper’s Hawk Winery and Restaurant, Cava Mezze Grill, Peet’s Coffee and Tea, and PR Fresh Look Salon, among other soon-to-be-announced restaurants and retailers.

Kendall, Fla. -- Berkowitz Development Group announced the signing of a new long-term lease with Einstein Bagels for 2,466 sq. ft. at Kendallgate Shopping Center. The chain will take space within a freestanding retail building alongside AT&T in the Center’s plaza located at 12190 SW 88th Street in Miami.

Einstein Bagels has already begun construction at its new location and expects to open in late August.