News

Honeygrow-Lawrence-Park-Shopping-Center
LeasingNewsPennsylvaniaRestaurants

Federal Signs Leases with Four New Tenants at Shopping Centers in Metro Philadelphia

by Hayden Spiess

Broomall, Pa. and Philadelphia — Federal Realty Investment Trust has signed four new tenants to shopping centers in metro Philadelphia. Dave’s Hot Chicken and Crave Cookies will open at Northeast Shopping Center in Philadelphia, leasing 2,995 and 1,279 square feet, respectively. Additionally, J. Crew Factory and Honeygrow will open locations at Lawrence Park Shopping Center, a retail center located in Broomall, roughly 30 miles outside Philadelphia. J. Crew will open a 4,150 square-foot-store and Honeygrow will occupy 1,999 square feet. All of the tenants are scheduled to open this year.

Continue Reading
0 FacebookTwitterLinkedinEmail
Valley-Ridge-Shopping-Center-Wayne-NJ
Company newsConnecticutFloridaNews

Regency Centers Agrees to Acquire Urstadt Biddle Properties in $1.4 Billion Shopping Center REIT Merger

by Hayden Spiess

Greenwich, Conn. and Jacksonville, Fla. — Jacksonville-based REIT Regency Centers (NASDAQ: REG) has agreed to acquire Urstadt Biddle Properties (NYSE: UBA) in an all-stock transaction valued at $1.4 billion. Urstadt Biddle Properties is a REIT based in Greenwich that primarily invests in shopping centers. The combined company will have a market capitalization of approximately $11 billion and total enterprise value of approximately $16 billion. The combined portfolio will comprise 56 million square feet of gross leasable area across 481 properties. Under the terms of the agreement, Urstadt Biddle’s stockholders will …

Continue Reading
0 FacebookTwitterLinkedinEmail
Chick-fil-A
CaliforniaInvestment salesNet leaseNewsRestaurants

SRS Brokers Sales Totaling $15 Million of Two Chick-fil-A-Leased Properties in Southern California

by Hayden Spiess

Mission Viejo and Palm Desert, Calif. — SRS Real Estate Partners has brokered the $15 million sale of two single-tenant retail properties in Southern California. Located in Mission Viejo and Palm Desert, the buildings are occupied by Chick-fil-A on triple-net ground leases. Jimmy Slusher, Eric Shain and John Read of CBRE represented the seller of the 4,800-square-foot Mission Viejo property, a local private investor. The Palm Desert property comprises 4,738 square feet situated on 1.6 acres within Monterey Crossing Shopping Center. Timothy Genske of CBRE and Bruce Bailey of The …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsIndianaLeasingMinnesotaNewsPennsylvaniaSouth CarolinaWisconsin

Five Below to Open Stores at Seven Simon Properties

by Hayden Spiess

Philadelphia — Five Below is set to open stores at seven Simon-owned properties. Scheduled to open this year, the stores will include locations at Albertville Premium Outlets in Albertville, Minnesota; Pleasant Prairie Premium Outlets in Prairie, Wisconsin; Johnson Creek Premium Outlets in Johnson Creek, Wisconsin; Gaffney Outlet Marketplace in Gaffney, South Carolina; Indiana Premium Outlets in Edinburgh, Indiana; Pismo Beach Premium Outlets in Pismo Beach, California; and Pocono Premium Outlets in Tannersville, Pennsylvania. “Our relationship with Simon is core to continuing our national expansion efforts,” says George Hill, chief retail …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsNorth Carolina

Providence Acquires Two Retail Parcels in Charlotte, North Carolina

by Hayden Spiess

Charlotte, N.C. — Providence Group Capital (PGC) has acquired two properties located at 2429 and 2511 South Tryon St. in Charlotte’s South End neighborhood. Totaling roughly 1.3 acres, the properties feature three existing buildings comprising more than 17,500 square feet. Tenants at the buildings include Euro Cars South End, A&T Auto Body Shop and Paws Whiskers & Wags. PGC has purchased 15 properties in the same section of South End over the past 18 months. Hayes Faulkenberry of Land Advisors represented PGC in the acquisition of 2429 South Tryon St. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Meduza-Mediterrania-Houston
DevelopmentLeasingNewsRestaurantsTexas

Noble 33 to Open Two Restaurant Concepts in Houston

by Hayden Spiess

Houston — Hospitality group Noble 33 has announced plans to open two restaurant concepts at The Pavilion at The Allen shopping center in Houston. Toca Madera will occupy 11,103 square feet with a seat count of 393, and Meduza Mediterrania will comprise 9,732 square feet with a 289-seat occupancy. The openings are scheduled for this fall and early next year, respectively. Noble 33’s in-house design firm Monochrome Concept oversees both concepts. Abel Design Group will provide architecture and design services and Construction Concepts will handle construction of the restaurants.

Continue Reading
0 FacebookTwitterLinkedinEmail
Lakeforest-Mall_Gaithersburg
DevelopmentMarylandMixed-useNews

WRS Rezones 100 Acres at Lakeforest Mall in Gaithersburg, Maryland for Mixed-Use Village

by Hayden Spiess

Gaithersburg, Md. — WRS Real Estate Investments has successfully rezoned a 100-acre site in Gaithersburg that houses Lakeforest Mall. The Gaithersburg City Council approved the rezoning of the site for mixed-use as well as a sketch plan of the future development. WRS purchased the core of the 1.1 million-square-foot regional mall in 2019. In 2022, the developer purchased the mall’s remaining department stores: J.C. Penney, Lord & Taylor, Sears and Macy’s. Upon completion, the mixed-use village will comprise up to 1.25 million square feet of retail, restaurant, dining, hospitality and …

Continue Reading
0 FacebookTwitterLinkedinEmail
PGA-Superstore-Meridian-Idaho
IdahoLeasingNews

Wood Investments Adds 42,212-Square-Foot PGA Tour Superstore to Shopping Center in Metro Boise

by Hayden Spiess

Meridian, Idaho — Wood Investments Cos. has announced the opening of a 42,212-square-foot PGA Tour Superstore at Gateway Marketplace, a 135,732-square-foot retail center in the Boise suburb of Meridian. The store now leases a space formerly occupied by Rosauers grocery store. Other tenants at the center include Trader Joe’s, Mecca Gym, Land Ocean, Chili’s Grill & Bar, Le Peep, Mathnasium and Orange Theory. Andrea Nilson, LeAnn Hume, Travis Dunn, Julie Kissler and Braydon Torres of Cushman & Wakefield handle leasing at the property. Stuart Thain of Colliers represented the tenant …

Continue Reading
0 FacebookTwitterLinkedinEmail
Woodstock-Plaza-Moreno-Valley-Calif
CaliforniaInvestment salesNews

Faris Lee Brokers $4.6 Million Sale of Retail Center in Moreno Valley, California

by Hayden Spiess

Moreno Valley, Calif. — Faris Lee Investments has brokered the $4.6 million sale of Woodstock Plaza, a retail strip center located in Moreno Valley. The center was 75 percent occupied at the time of sale. Shaun Riley and Nick Miller of Faris Lee represented the undisclosed seller in the all-cash transaction. A private investor acquired the property.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGrocery-anchoredLeasingNewsSouth Carolina

Sprouts Farmers Market to Open 25,000-Square-Foot Store at North Hills Shopping Center in Greenville, South Carolina

by Hayden Spiess

Greenville, S.C. — Sprouts Farmers Market will open a 25,000-square-foot store at North Hills Shopping Center in Greenville. Originally built in 1975, the retail center is currently undergoing renovations including updates to facades, landscaping, patios, storefronts and parking lot repairs. Construction of the Sprouts is scheduled to begin this year, with the opening planned for 2024. This marks the second location for the brand in the Greenville market.  Aston Properties is the landlord.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts