Friday, April 26, 2024
Read the Digital Magazines
Subscribe

New York

Tropical-Smoothie-Cafe
Company newsGeorgiaNew YorkNewsRestaurants

Blackstone Agrees to Acquire Tropical Smoothie Cafe for Nearly $2 Billion

by Hayden Spiess

Atlanta and New York City — Blackstone has entered into a definitive merger agreement to acquire Tropical Smoothie Cafe, a franchiser of fast-casual restaurants, from Levine Leichtman Capital Partners. The deal values the Atlanta-based smoothie chain at around $2 billion, including debt, according to The Wall Street Journal. Tropical Smoothie Cafe began as a single location in Destin, Florida, in 1997. The chain has grown to more than 1,400 locations in 44 states today. The company opened more than 175 locations in 2023, 70 percent of which were opened by existing franchisees. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Woodbury Common Premium Outlets
DevelopmentNew YorkNews

Simon Underway on Expansion at Woodbury Common Premium Outlets in New York

by Hayden Spiess

Woodbury, N.Y. — Simon is underway on an expansion project at Woodbury Common Premium Outlets in Woodbury. A VIP suite with private dressing rooms, a lounge and a private kitchen is scheduled to open later this year. The multimillion-dollar suite will host private events and offer personalized service and customer experiences. Plans at the property, which features 250 tenants, also include 155,000 square feet of new retail and restaurant space, as well as a 200-room hotel, second parking facility and upgraded amenities. Amenities will include a new children’s play area, improved …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNew JerseyNew YorkNews

Foot Locker Introduces New Store Format

by Hayden Spiess

New York City — New York City-based footwear retailer Foot Locker has introduced a new store format, debuting the design at its location within Willowbrook Mall in Wayne, New Jersey. Features of the new format include a more streamlined store layout, dedicated sections for new product releases, enhanced presentation, a communal try-on are, omnichannel technology and a “sneaker hub” with lacing customization and expanded ordering options. Foot Locker plans to open additional stores with this design throughout 2024, including at the retailer’s flagship location in New York City. Additionally, the brand …

Continue Reading
0 FacebookTwitterLinkedinEmail
Northway-Mall_Colonie-N.Y
LeasingNew YorkNews

Three New Tenants Sign Leases at Northway Mall in New York

by Hayden Spiess

Colonie, N.Y. — Three new tenants have signed leases at Northway Mall, a 480,000-square-foot retail center located in Colonie. Mattress Firm, Mission BBQ and Club Pilates have opened at the property, occupying 4,745; 4,329; and 1,846 square feet, respectively, in a space formerly occupied by Petco. Target and Lowes anchor Northway Mall, which is owned and managed by Olshan Properties. 

Continue Reading
0 FacebookTwitterLinkedinEmail
EntertainmentLeasingNew YorkNews

Apple Cinemas Signs 80,000-Square-Foot Lease in White Plains, New York

by Hayden Spiess

White Plains, N.Y. — Apple Cinemas has signed an 80,000-square-foot lease at City Center in White Plains. The theater will offer stadium recliner seats, digital projection and sound and food-and-beverage options including burger concept BurgerFi. Don Mace of KeyPoint Partners represented the tenant in the lease negotiations. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNew YorkNews

Marcus & Millichap Brokers $18 Million Sale of 129,059-Square-Foot Shopping Center in Troy, New York

by Hayden Spiess

Troy, N.Y. — Marcus & Millichap has brokered the $18 million sale of Hudson River Commons, a 129,059-square-foot shopping center located in Troy. Big Lots anchors the property, which is situated on a 12.2-acre site. Other tenants at the center, which was 97 percent leased at the time of sale, include Friendly’s, Sonic, Subway, Starbucks Coffee, Family Dollar and Saratoga National Bank. Joseph French and Kodi Traver represented the seller and procured the buyer in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
YETI
LeasingNew YorkNews

YETI Signs 6,614-Square-Foot Lease in Manhattan

by Hayden Spiess

New York City — Outdoor lifestyle brand YETI has signed a 6,614-square-foot lease in Manhattan in New York City. Scheduled to open by early summer of this year, the store will occupy space on two levels of the building, which is situated across from Madison Square Park. Boston Properties is the landlord of the property. Ian Rice of SCG Retail, a division of TSCG, and Jordan Cohn of Ripco represented YETI in the lease negotiations. Alan Schmerzler and Steven Soutendijk of Cushman & Wakefield represented the landlord. 

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNew YorkNews

Hobby Lobby Opens 42,000-Square-Foot Store in New York City

by Hayden Spiess

New York City — Hobby Lobby has opened a 42,000-square-foot store in on Staten Island in New York City. This marks the first location in the city for the brand, which has a portfolio of more than 1,000 stores throughout the US. Brian Katz and Daniel D. DePasquale of Katz & Associates represented Hobby Lobby with Graeme Keith of The Keith Group in the lease negotiations. Brookfield Properties is the landlord. 

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaCaliforniaCompany newsFloridaGeorgiaIllinoisIndianaNebraskaNew JerseyNew YorkNewsNorth CarolinaOhioTexasWashington

Nordstrom to Open 26 New Nordstrom Rack Stores

by Hayden Spiess

Seattle — Seattle-based retailer Nordstrom has announced plan to open 26 new Nordstrom Rack stores. Openings are scheduled to begin this spring and continue through spring 2025. The sites of the new stores include locations in Arizona, California, Florida, Georgia, Illinois, Indiana, Nebraska, New Jersey, New York, North Carolina, Ohio and Texas.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts