Leasing

South-Coast-Collection_Costa-Mesa-Calif

Costa Mesa, Calif. — Three new retail tenants have signed leases at South Coast Collection (SoCo), a 292,000-square-foot retail center located in Costa Mesa, roughly 40 miles outside Los Angeles. Lovesac, BauTeam and Fireclay Handmade Tile will occupy 2,198; 2,035; and 2,238 square feet at the property, respectively. Continental Realty Corp. (CRC) is the landlord of the center, which was originally developed in 2007. Other tenants at the property include Coco Republic, Design Within Reach, La-Z-Boy, Paul Mitchell the School, Brown Jordan, Natuzzi, Room & Board, Butcher’s House, Greenleaf Kitchen + …

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LA-Fitness_Collierville-Tenn

Collierville, Tenn. — RealSource Group has arranged the sale-leaseback of a 34,000-square-foot single-tenant retail property located in Collierville, roughly 30 miles southeast of Memphis. LA Fitness occupies the property, which was built in 2019. Ted Slaughter and Jonathan Schiffer of RealSource, in association with Scott Reid of ParaSell Inc., represented the seller, Fitness International, in the transaction. A private investor acquired the property for an undisclosed price. LA Fitness will continue to occupy the building on a 15-year net lease. 

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Montgomery-Village_Santa-Rosa-Calif

Santa Rosa, Calif. — WS Development has completed the renovation and expansion of public gathering spaces at Montgomery Village, a 280,000-square-foot retail center located in Santa Rosa, as well as added new tenants. Highlights of the property renovations include updates to The Courtyard, a community hub that features seating, a children’s play area and a dog relief area. The Passage, a new covered passageway connecting the north and south ends of the property, is now also open at the center.  New tenant openings at the property include Amour Vert, Mandarin Kitchen, Gorjana, …

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Atlanta — Sugarcoat Beauty has signed a lease at Uptown Atlanta, a 47-acre mixed-use development in Atlanta. Scheduled to open in early 2025, the concept will offer manicures, pedicures, facial, lash treatments and other services. Other tenants at the property — which features 120,000 square feet of retail and restaurant space, as well as office and community gathering spaces — include Roundhouse Kickboxing, The Commodore, J’ouvert Caribbean Kitchen, El Gordo, 26 Thai Kitchen and Bar and Bene Korean. Rubenstein Partners is the developer and landlord. 

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Surprise, Ariz. — Nordstrom Rack has signed a 26,000-square-foot lease at Prasada North, a shopping center development currently underway by SimonCRE in Surprise. Upon completion, Prasada North, which is located adjacent to the developer’s Village at Prasada shopping center, will total 350,000 square feet. A 150,000-square-foot Target will anchor the property, which is roughly 90 percent leased. Tenants currently open at the center include DICK’s Sporting Goods, Burlington, Kohl’s, Cooper’s Hawk, Barrio Queen and Cold Beer Cheeseburgers. Nordstrom currently operates one Nordstrom and 11 Nordstrom Rack stores in Arizona. 

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Alo-Yoga

Cherry Hill, N.J. — Three new tenants have signed leases at Cherry Hill Mall, a 1.4 million-square-foot shopping center located in Cherry Hill in the greater Philadelphia area. Lacoste and Columbia Sportswear are scheduled to open at the property later this year, with Mango anticipated to open in summer 2025. PREIT owns and manages the center. Other tenants opening soon at the property include Alo Yoga, Kendra Scott, Dry Goods, Rowan, Signature Workspace, Kooma Asian Fusion and Sushi Bar and Inspiration Co.

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Avenue-Peachtree-City_Peachtree-City-Ga

Peachtree City, Ga. —  Four new tenants have opened at The Avenue Peachtree City, a shopping center located in Peachtree City, roughly 30 miles outside Atlanta. Arhaus Studio, Kendra Scott, Motivate Studios and 9292 Korean BBQ now occupy 7,085; 2,000; 2,000; and 8,015 square feet at the property, respectively. American Eagle Outfitters also recently completed a renovation and has reopened at the center. JLL manages the property. 

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Morrisville, N.C. — Nordstrom Rack has signed a 25,000-square-foot lease in Morrisville. Situated within Park West Village, the new store is scheduled to open in spring 2025. Other tenants at the center, which is owned and managed by CASTO, include Target, Trader Joe’s and Michaels. Nordstrom plans to open within three additional locations in the state this fall and next spring, adding stores in Mooresville, Raleigh and Matthews. 

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Tokyo Central

Emeryville, Calif. — Tokyo Central has signed a lease at Bay Street Emeryville in Emeryville, with plans to open a 40,635-square-foot store at the newly redeveloped retail center. Owned by Pan Pacific Retail Management (PPRM), the Asian grocery concept features imported Japanese goods. Scheduled to open next year, Tokyo Central at Bay Street will also include a Japanese cuisine dining establishment. CenterCal Properties, which acquired the center in 2021, is the landlord. Other recent openings at the property include Mumu Hot Pot, Fogo de Chão, Flores Cocina & Bar, Pippal, Tipsy …

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Pleasant Grove, Utah — Five new tenants have signed leases totaling 11,200 square feet at Valley Grove, a mixed-use development by St. John Properties in Pleasant Grove. Feather Hat Bar, MassageLuXe, Melty, Panera Bread and Royal Suits will occupy 1,400; 2,600; 1,621; 3,755; and 1,847 square feet, respectively. Chris Lorenzon of Commercial Real Estate Specialists represented MassageLuXe in the lease negotations. Derek Orr of SW Valley KW Commercial represented Melty, and JR Moore of Mountian West Commercial represented Panera Bread. 

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