Long Island City, N.Y. — Planet Fitness has signed an 18,000-square-foot retail lease in Long Island City. The gym, which will be situated on the lower levels of the newly constructed 22-29 Northern Boulevard rental tower, is the company’s first property in Long Island City. Steven Baker and Thomas Galo of Winick Realty represented the landlord, Simon Baron Development, in the lease negotiations. Richard Chera of Crown Acquisitions represented Planet Fitness.
New York City — Timothy Parlante has joined The Feil Organization’s New York City office as the director of leasing. Parlante will focus on the company’s office properties in New York and on Long Island. In his 12-year career, Parlante has represented both tenants and landlords in office negotiations. “Tim’s strong tenant relationships and deep knowledge of New York and Long Island office trends will be a solid addition to our exceptional team,” says Brian Feil, vice president of leasing. “We’re delighted to welcome him to the company.” Prior to …
Burlington, N.J. — National Realty & Development Corp. will open three new stores totaling 58,000 square feet at the Liberty Square Center in Burlington, a city located southwest of Trenton. The shopping center is anchored by a Walmart, Marshalls and HomeGoods. Planet Fitness will open a 25,000-square-foot location at the property. Ross Dress for Less will move into a 22,000-square-foot portion of a former Toys ‘R’ Us location. Five Below will occupy the remaining 11,000 square feet of the former Toys ‘R’ Us location.
Longmont, Colo. — NewMark Merrill Mountain States has signed three retailers to leases at Village at the Peaks, a 442,000-square-foot shopping center in Longmont. The three retailers are Burlington, which signed a 35,032-square-foot lease and will open in spring 2020; Bank of America, which signed a 4,725-square-foot lease and will also open in the spring; and Nothing Bundt Cakes, which signed a 2,253-square-foot lease and will move in this fall. The shopping center is situated 13 miles northeast of downtown Boulder. When the three retailers open for business, the center …
Orlando, Fla. — Tavistock Development Co. has signed three leases with fitness studios to occupy space within Pixon, a 200-unit apartment complex with 32,500 square feet of retail space in Lake Nona Town Center. Neighborhood barre, Club Pilates and Rukus Cycling Studios are expected to open by the end of this year. Neighborhood barre will span 1,300 square feet. It will be the first location in Florida and fifth in the nation. Rukus Cycling Studio will occupy 2,600 square feet and include 44 stationary bikes. Club Pilates will be in …
Terrell, Texas — A group of anchor tenants that includes Ross Dress for Less, Hobby Lobby and Five Below have opened their stores at Crossroads at Terrell, a 275,000-square-foot shopping center located 35 miles east of Dallas. Marshalls, Rack Room Shoes, Ulta Beauty, Petco, and Academy Sports + Outdoors are scheduled to open later this year. Film Alley, an entertainment concept with movies, bowling and arcades, opened at Crossroads at Terrell earlier this year. Future restaurant users at the property will include Olive Garden, Raising Cane’s and Chili’s, which will …
Columbus, Ohio — Six new retailers have been confirmed as part of the $500 million expansion of Easton Town Center in Columbus. The retailers include Ivan Kane’s Forty Deuce Café & Speakeasy, Arhaus Furniture, Pins Mechanical Co., The Beeline, Forbidden Root Restaurant and Brewery and Crimson Cup Coffee & Tea. At Forty Deuce, the ground floor will include a café serving burgers and desserts while the upstairs will incorporate a hidden speakeasy. The new Arhaus store will span 17,500 square feet. Ohio-based Pins Mechanical has already opened with 30,000 square …
Novi, Mich. — Gerdom Realty & Investment has negotiated two leases at Thomasville Centre in Novi. Alchile Mexican Grill & Bar and Pho Mai Vietnamese restaurant are the newest tenants to join the center, which is located on Grand River Avenue. Alchile opened this spring, leasing 5,130 square feet. Pho Mai will open during the second half of this year and occupy 1,680 square feet. Joel Karboske of Gerdom represented the landlord, Mclaughlin Family Properties.
Much of the spotlight surrounding in-demand tenants at today’s shopping centers is focused on food and beverage and entertainment users. This is a solid strategy, agrees Steven Maksin, founder and CEO of Moonbeam Capital Investments, but it should not be the only initiative. Instead, these tenants should round out a larger roster that includes other internet-resistant industries. This can boil down to services and alternative uses, as Maksin explains. Maksin and his team have had great success introducing everything from DMVs to creative offices, police academies, colleges and medical users …
Technology is omnipresent in nearly every aspect of our daily lives — and it is changing rapidly, but retail real estate players don’t have to reinvent the wheel to keep up with the latest and greatest. Bryan Cornelius, president of X Team and principal at Dallas/Fort Worth-based Venture Commercial, values the convenience, information and speed technology brings to his teams, but believes the secret sauce for a successful practice is local market knowledge. X Team has built its streamlined platform on this notion and the group plans to continue integrating …
