Glasgow, Ky. — NAI Isaac has arranged leases for Marshalls and Five Below at Barren River Plaza shopping center in Glasgow. Paul Ray Smith and Jim Kemper of NAI Isaac assisted the landlord, Barren River Project LLC, in the lease transactions. Kevin Schrieiber and Kevin Mayhugh with The Shopping Center Group represented Marshalls. Michael Anderson with CBRE and Tereasa Edwards with Cushman & Wakefield represented Five Below. Both stores are scheduled to open in spring 2022. Barren River Plaza is a 350,000-square-foot shopping center anchored by Ruler Foods by Kroger, …
Glenarden, MD. — Heritage Partners has leased a space formerly occupied by JC Penney at Woodmore Towne Centre in Glenarden to At Home, a home decor retail chain based in Plano, Texas. At Home will fully occupy the 96,446-square-foot space, initially taking possession early 2021 and opening this summer. At Home currently operates 227 stores in 40 states. Woodmore Towne Centre is a 245-acre mixed-use property with retail tenants such as Best Buy, Wegmans and Nordstrom Rack. In the summer of 2020, the JC Penney at Woodmore Towne Centre closed, …
Miami and Tampa, Fla. — Organic food restaurant Naked Farmer is set to open two new locations in Southern Florida. The restaurant signed a 1,900-square-foot lease at 137 Giralda Ave. in downtown Coral Gables; and a second 1,900-square-foot lease at Water Street in downtown Tampa. The farm-to-table concept opened its flagship location in Florida last June and plans to expand to an additional 15 to 20 locations throughout the state over the next three to four years. JLL’s retail advisory team oversaw the new lease signings and will continue to …
Miami and Fort Lauderdale, Fla. — Colliers has arranged two leases for restaurant Coyo Taco in downtown Fort Lauderdale and South Miami. Jenny Gefen of Colliers represented Coyo Taco in both transactions. In South Miami, the restaurant will be opening in a 3,819-square-foot freestanding building formerly occupied by Spring Chicken at 1514 S. Dixie Highway. Cushman & Wakefield represented the landlord in the transaction. In downtown Fort Lauderdale, Coyo Taco will also be opening in a 2,905-square-foot space formerly occupied by Suviche restaurant in Bank of America Plaza at 401 …
Retail, when it really boils down to it, is dictated by the almighty dollar. This, of course, means those who hold those dollars are in control. Consumers have been on quite the wild ride over the past 16 months, and sitting up front with them is the retail industry. “Brick and mortar will come back, but it’s going to come back differently,” says Richard Chichester, president and CEO of Irvine, Calif.-based Faris Lee Investments. “There is pent-up demand after a year of being shut down. The pandemic accelerated the emphasis …
Cambridge, Mass. — Outdoor apparel and equipment retailer REI will open an 8,000-square-foot store at Cambridge Crossing, a 43-acre mixed-use development located at the junction of Boston, Cambridge and Somerville. The opening of the store, which is scheduled for this fall, represents the launch of REI’s new small-format prototype. The store will be located in a newly constructed office and retail building. San Francisco-based DivcoWest is the master developer of Cambridge Crossing.
Rosenberg, Texas — SuperNova Furniture will open a 40,000-square-foot store at Brazos Town Center, a 550-acre mixed-use development by local developer NewQuest Properties in Rosenberg, a southwestern suburb of Houston. The lease term is 10 years, and the store, which is located in a space formerly occupied by department store Gordman’s, is set to open this fall. The lease pushes the property’s retail occupancy rate to 98 percent. Joe Silver and Chris Pitts of Streetwise Retail Advisors represented the retailer in the lease negotiations.
Irvine, Calif. — TRADE Marketplace in Irvine has added three restaurants to its tenant mix including Champion’s Curry, SmörBurgers and Yomie Yogurt. Champion’s Curry opened earlier this year. The restaurant serves Chef Yoshikazu Tanaka’s spin on traditional curry recipes and related dishes. SmörBurgers — a restaurant concept by Chef Joe Youkhan serving hamburgers and fries inspired by international dishes — is set to open in June. Yomie Yogurt, which sells healthy yogurt, is also set to open this summer.
Los Angeles — Soccer team Paris Saint-Germain (PSG) has opened a permanent retail store within Westfield Century City Mall in Los Angeles in partnership with apparel retailer Fanatics. The sports club is expanding its global retail presence with plans to open several new stores in key international markets, beginning with the Los Angeles location. The store openings form part of a 10-year retail and merchandising deal signed between PSG and Fanatics in 2020. Fanatics, which is part owner of Lids, will tap into Lids’ physical retail experience to open and …
Leawood, Kan. — Seven retailers have joined the tenant lineup at Park Place Village, a 484,002-square-foot office and retail property in Leawood. The new tenants include day spa MassageLuXe, local Italian restaurant Plate, Thai restaurant Bamboo Penny’s, ice cream shop Ice Cream Bae, island-themed coffee shop and bar Outta the Blue, menswear company Moda Domani and custom-designed jeweler Moshiri Jewelry. Matt Rau of CBRE represented the owner, KBS, in the seven lease transactions, which range in size from 803 to 5,972 square feet. The 10-building Park Place Village, located at …