New York City — North Plainfield, New Jersey-based Levin Management Corp. (LMC) has negotiated a 62,000-square-foot lease with ShopRite at Evergreen Plaza on Staten Island. A new ShopRite grocery store will backfill an anchor space that was formerly occupied by SuperFresh. Mannix Family Markets will operate the new store, which is scheduled to open this fall. Mannix Family Markets also operates three additional ShopRite locations in the Graniteville, New Dorp and Charleston neighborhoods. LMC represented the landlord in the lease negotiations. Retailer-owned supermarket cooperative Wakefern Food Corp. is the tenant.
Leasing
Columbus, Ohio — Five new tenants have signed leases at Easton Gateway, a 650,000-square-foot retail property located in Columbus. Sí Señor, SITKA Gear and SuitShop have already opened at the property, and Carhartt and Bareburger are also scheduled to join the lineup. Other tenants at the center include Whole Foods Market, Costco, Dick’s Sporting Goods, J. Alexander’s Restaurant, Fusion, Chuy’s and The Container Store. Developed in 2014, Easton Gateway is situated within the 1,300-acre Easton Town Center mixed-use development.
Webinar: Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead
The March 14 Shopping Center Business webinar “Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead” covered the state of a retail industry that is both “frenetic and cautious,” in the words of Dana Telsey of Telsey Advisory Group. Tune in to the six-minute mark of the on-demand webinar for Dana’s impressive summary of the latest news in retail. Panelists covered key insights into the evolving retail landscape, including the trends for bankruptcies and liquidations in 2024 and whether those trajectories are likely to continue into 2025. Economic …
West Covina, Calif. — Philippines-based fast food chain Jollibee has launched its first franchising program in the U.S. The quick-service restaurant chain is the flagship brand of Jollibee Foods Corp. (JFC), also known as the Jollibee Group. Jollibee opened its first North American location in 1998 in Daly City, California, and now currently operates 76 stores across 14 states in the U.S., with 28 additional stores in Canada. The current expansion goal is projected for 350 stores in the coming years, with franchise-owned stores making up the majority of its footprint. …
Atlanta — Online retailer Wayfair will open a 150,000-square-foot store in Atlanta. Located within The District at Howell Mill, the Atlanta store will mark Wayfair’s second large-format location — as well as its second physical retail store overall — following its first in Wilmette, Illinois, which opened in May 2024. Fraser Gough and Benton Green of Retail Planning Corp. led lease negotiations in the transaction. JLL Income Property Trust, a division of LaSalle Investment Management, and Atlanta-based Selig Enterprises, own the property.
Honolulu — Ala Moana Center, a 2.4-million-square-foot shopping center located in Honolulu, has announced the expansion of 10 new tenants this year. A mix of restaurant and retail businesses — Amaterasu; Coconut Ave; Baskin Robbins; Eve Ala Moana; fanfancy+; Lovisa; NOHO HOME; Skinceuticals Skin Lab; and ZEGNA — have already opened at the property. Dave & Buster’s, the final tenant to join the roster, is scheduled to open in mid-April. Brookfield Properties of Chicago owns and operates the center. Ala Moana Center is anchored by Bloomingdale’s, Neiman Marcus, Nordstrom, Macy’s …
Longwood, Fla. — Winter Park, Florida-based CrossMarc Services has negotiated five new leases at Springs Plaza, a 64,753-square-foot shopping center located approximately 15 miles north of Orlando. Among the new tenants are Foxtail Coffee; Children’s Art Classes; Level Up Pilates; 5th Nail Lounge; and Turning Point Dance Studio. Flavia Kanyago of CrossMarc represented the landlord, Baltimore-based MCB Real Estate, in the lease negotiations. Other tenants at the center — which is now 95 percent leased — include Tijuana Flats, First Watch, Jersey Mike’s, Hurricane Grill & Wings, Woof Gang Bakery …
Burlington, Mass. — Burlington Mall, a 1.3-million-square-foot shopping center located in the Boston suburb of Burlington, has announced that 10 new tenants will be joining the center’s lineup this year. A mix of retail and restaurant concepts including Kendra Scott, PacSun and Ten One Tea House will be opening in late spring, while a second wave of leases — Rowan, Van Leeuwen, Tobu, Sergeant Burgers and J7 Adventureland — plan to make their arrival in the summer. Asian restaurant concept ChoCho Hot Pot is set to open later in the …
Harrisburg, Pa. — High Pointe Commons, a 359,000-square-foot shopping center located in Harrisburg, has introduced its second wave of new retail tenants. The first wave of leases, which were announced within the past two years, include NYC Sugaring, FedEx, Fleet Feet, Five Below, Warhammer and LensCrafters. Additionally, three more tenants have joined the tenant roster this month, including men’s apparel store DXL Big + Tall, Crumbl Cookies, and AT&T, all of which are now open. Levin Management Corp. (LMC) leases and manages the property. Fred Younkin internally represented LMC in …
Houston — Burlington Coat Factory will open a 20,350-square-foot store at The Shops at Stone Park, a 250,000-square-foot regional power center located in East Houston. The discount clothing retailer will backfill an anchor space that was formerly occupied by Staples, joining a tenant roster that includes Chick-fil-A, Best Buy, Marshalls, Rack Room Shoes and JCPenney. Developed in 2009 on 23 acres, The Shops at Stone Park is more than 99 percent leased. Greg Stackhouse of New Regional Planning represented Burlington in the lease negotiations. Nina Irwin of NewQuest represented the …