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REAL ESTATE

  • Lord & Taylor opens in Boca Raton, Fla.

    New York -- Lord & Taylor, a division of Hudson’s Bay Company, has opened a store at Mizner Park, an open-air, mixed-use center in downtown Boca Raton, Fla. The two-level, 80,000-sq.-ft. store store marks the retailer’s return to the Sunshine State.

    The new store features the company’s latest store design, which emulates a classic style but with a new, updated twist. A sense of glamour permeates the space, seen in such details as chandeliers imported from Italy and 300 mannequins that showcase strong fashion statements.

  • Dick’s grand-opens three new stores

    Pittsburgh -- Dick’s Sporting Goods grand-opened three new stores on Friday, bringing the total store count to 541 in the U.S.

    The chain opened a store in Redding, Wash., at the Redding Hilltop Center, its 30th store in the state of Washington. A new opening in Victorville, Calif., at The Mall of Victor Valley, marks the 31st Dick’s store in California.

    And in Kansas, at the Midstate Plaza in Salina, Dick’s opened its eighth store in the state.

     

  • DLC Management announces recent leases

    Tarrytown, N.Y. — DLC Management Corp., a national owner and operator of open-air shopping centers, announces the following new leases, signed during August and September of 2013.

  • The Forum in Wilmington, N.C., sells for $24.7 million

    Wilmington, N.C. — Marcus & Millichap Real Estate Investment Services has arranged the sale of The Forum, a 105,000-sq.-ft boutique retail center in Wilmington, N.C. The $24,680,000 sales price equates to $233 per square foot.

    Marcus & Millichap’s Fort Lauderdale office represented the seller, the developer of the property, Swain & Associates, as well as the buyer, L&B Realty Advisors LLP, a pension fund. Swain & Associates will maintain its offices at The Forum and continue to handle leasing responsibilities.

  • Charming Charlie debuts in midtown Manhattan

    New York -- Charming Charlie has signed a lease for a 15,500-sq.-ft. store at 445 Fifth Avenue in the heart of midtown Manhattan. The fashion accessories retailer will open its first-ever Manhattan flagship store in early 2015.

    Thor Equities owns and manages the building, which is located at the northeast corner of 39th street and Fifth Avenue, across from the New York Public Library. RKF and Strategic Retail Advisors represented Charming Charlie in the transaction. Thor Equities represented itself.

  • Kimco acquires Five Forks in Lilburn, Ga., for $10 million

    Atlanta — Kimco Realty Corporation has acquired Five Forks Crossing, a 73,910-sq.-ft. grocery-anchored retail center in Lilburn, Ga., according to Transwestern, the firm that brokered the transaction.

    Five Forks Crossing occupies 6.6 acres in Lilburn in the Gwinnett County submarket near Ronald Reagan Parkway. Anchored by Kroger, the property is 100% leased.

    Transwestern represented the seller, SWA Investment.

     

  • JLL closes sale-leaseback with Walgreens

    Chicago — Jones Lang LaSalle’s Capital Markets team has announced the completion of a sale-leaseback transaction for a portion of Walgreens Corporate Campus in Deerfield, Ill.

    Realty Income purchased the 38-acre property with six buildings spanning 574,605-sq.-ft. and secured a long-term lease from Walgreens. The terms have gone undisclosed.

  • Hhgregg opens new Alabama store

    Indianapolis – Hhgregg opened a new store in Huntsville, Ala., on Oct. 10. The new store replaces a previous location at a different address.

    "We are excited to introduce a new, modern store to our customers in Huntsville," said Jeff Pearson, senior VP of marketing for Hhgregg. "We hope that residents will take advantage of special sale pricing on a wide variety of appliances, electronics, furniture and much more."

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