Tuesday, November 19, 2024
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Alex Tostado

FloridaInvestment salesNewsRetailers

TSCG Brokers Sale of Grocery-Anchored Shopping Center in Southeast Orlando

by Alex Tostado

Orlando, Fla. — TSCG has arranged the sale of The Shoppes at South Semoran, a 101,611-square-foot shopping center in Orlando. The property was originally built in 1986 and renovated in 2013, when anchor Walmart Neighborhood Market opened. At the time of sale, the property was 97 percent leased to tenants including Walmart, Chase Bank, Dollar Tree and Wendy’s. The asset is situated at 4520 S. Semoran Blvd., seven miles southeast of downtown Orlando. Anthony Blanco, Lenard Williams, Mallory Silva and Gavin Walsh of TSCG represented the seller, an affiliate of …

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LeasingNewsRetailersWest Virginia

Hibbett Sports Opens 5,600-Square-Foot Store at Mall in Morgantown, West Virginia

by Alex Tostado

Morgantown, W.Va. — Hibbett Sports has opened a 5,600-square-foot store within Morgantown Mall. The Birmingham, Ala.-based sports retailer offers brands such as Nike, Under Armour, Jordan, The North Face and Adidas. The new location implements the company’s new store design, which features an open concept, phone charging stations and other amenities for customers to experience. The mall location also offers online, pick-up in-store and curbside pick-up shopping options. Morgantown Mall is located at 9235 Mall Road, three miles southwest of downtown Morgantown and three miles south of West Virginia University.

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EntertainmentInternationalNewsRetailers

Rolling Stones, Bravado Open First Flagship Store in London

by Alex Tostado

London — The Rolling Stones has opened RS No. 9 Carnaby, a retail store located at 9 Carnaby St. in London’s SoHo neighborhood. The new store, created in partnership with Bravado, Universal Music Group’s merchandise and brand management company, features the iconic Rolling Stones logo on the window as well as an illustrated soundwave of the opening to the 1966 track “Paint It Black.” Inside, the glass floor features many of the band’s lyrics, and the fitting rooms are adorned with artwork from albums “Exile on Main Street” (1972) and “Some …

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Company newsInternationalNewsRetailers

lululemon Reports Second-Quarter Online Sales Jump 157 Percent Year-Over-Year

by Alex Tostado

Vancouver — lululemon Athletica Inc. (Nasdaq: LULU) has reported online sales jumped 157 percent in the second quarter compared to Q2 2019. The Vancouver-based retailer closed stores in its North American, European and Asian Pacific portfolio in the first quarter due to the coronavirus pandemic. lululemon began reopening stores in the second quarter. As of Aug. 2, 492 of 506 company-operated stores were open. The clothing store reported in-store sales were up 3 percent year-over-year. “We’re pleased with our overall business results for the second quarter, as lululemon increasingly lives up …

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FeaturesFrom The Magazine

Designers Work with Retail Owners to Create Properties That will Draw Consumers, Make Them Feel Safe

by Alex Tostado

Envisioning a future for retail post-COVID has been a challenge for many in the industry. For one, it is still very early and we have a hard time knowing what 2021 will look like. Most of what retail designers and architects are working on now is reactionary and necessary: setting up existing environments so that retail-facing businesses are functional and operational. In that practice, however, they are seeing clues as to what the future of retail might look like now that the world is weary of viruses. Here are their …

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DevelopmentGrocery-anchoredMassachusettsNewsRetailers

Crosspoint Associates Acquires Land in Metro Boston for Retail Expansion Project

by Alex Tostado

Framingham, Mass. — Locally based development firm Crosspoint Associates has acquired 2.7 acres in the western Boston suburb of Framingham for a retail expansion project. The site formerly housed a Colonial Nissan car dealership and is located adjacent to a Whole Foods Marketplace that will be expanded by 7,163 square feet to a total size of 43,617 square feet. The site will also house other retail users, including a Starbucks with a drive-thru. Bernard Gibbons of Associated Brokerage Group represented Empire Management Corp. in its disposition of the land. Craig …

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Company newsEntertainmentNew JerseyNews

AMC to Reopen All 27 New Jersey Theaters Over Next Week

by Alex Tostado

New Jersey — AMC Theatres (NYSE: AMC) will open all 27 of its theaters in New Jersey over the course of the next week, which began with the reopening of AMC Jersey Gardens 20 and AMC Wayne 14 on Friday, Sept. 4. An additional seven locations opened Monday, Sept. 7, with all remaining theaters then opening Thursday, Sept. 10. New Jersey is AMC Theatres’ sixth-largest market by screen count.

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IllinoisInvestment salesNewsRetailers

Boulder Group Brokers $4.9 Million Sale of Chicago CVS Property

by Alex Tostado

Chicago — The Boulder Group has brokered the sale of single-tenant CVS Pharmacy property in downtown Chicago for $4.9 million. The 8,781-square-foot store is located on the ground floor of a 180-unit condo building at 520 S. State St. Randy Blankstein and Jimmy Goodman of Boulder represented both the seller, a local real estate owner, and the buyer, a Southeast-based real estate investment firm. CVS has more than 10 years remaining on its lease.

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Grocery-anchoredInvestment salesNewsNorth CarolinaRetailers

JLL Arranges $34.9 Million Sale of Wegmans-Leased Property in Raleigh-Durham

by Alex Tostado

Cary, N.C. — JLL has arranged the $34.9 million sale of Wegmans West Cary, a 103,000-square-foot building in Cary fully leased to New York-based supermarket chain Wegmans. The seller, Leyland Twin Lakes LLC, an affiliate of LeylandAlliance, delivered the asset earlier this year. The freestanding grocery store is situated on 11 acres at 3710 Davis Drive, 13 miles southeast of downtown Durham. Wegmans West Cary anchors Twin Lakes Center, a mixed-use project that Leyland Twin Lakes has been developing since 2018. Tom Kolarczyk, Ryan Eklund and Chris Angelone of JLL …

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FloridaInvestment salesNewsRetailers

SRS Negotiates $22.7 Million Sale of Seven Outparcels Near Mall at Millenia in Orlando

by Alex Tostado

Orlando, Fla. — SRS Real Estate Partners has negotiated the $22.7 million sale of seven single-tenant outparcels around Mall at Millenia in Orlando. The outparcels total 104,188 square feet and six were leased to retail tenants including BJ’s Brewhouse, DSW, Ethan Allen, Old Navy, Olive Garden and West Elm at the time of sale. The final outparcel is an office building that was leased to Ingenus Pharmaceuticals at the time of sale. Mall at Millenia comprises more than 1.1 million square feet and includes anchors such as Macy’s, Neiman Marcus, …

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