Content about Local government in England

August 8, 2014

Terranova Corp. and Acadia Realty Trust have reportedly agreed to sell six retail buildings on Lincoln Road in Miami for $342 million.

Miami Beach, Fla. -- Terranova Corp. and Acadia Realty Trust have reportedly agreed to sell six retail buildings on Lincoln Road in Miami for $342 million. According to the Miami Herald, the buildings were purchased for a combined $191 million in 2011 and 2012, marking a $151 million profit in a few years.

Tenants include Starbucks, Fossil, and A/X Armani Jeans. The deal is with an unnamed institutional investor and is not yet completed. It ranks as the most expensive retail real estate transaction in Miami history.

 

July 7, 2014

A new 49,000-sq.-ft. mixed-use development including an entire floor of retail space is slated to open in downtown Birmingham, Michigan, in third quarter 2015.

Birmingham, Mich. – A new 49,000-sq.-ft. mixed-use development including an entire floor of retail space is slated to open in downtown Birmingham, Michigan, in third quarter 2015. According to the Macomb Daily News, the development, called “The Forefront,” will be located in the Principal shopping district and feature retail stores on the first floor and 11 luxury condos on the second and third floors.

The development will be built on the site of an existing building, which will be demolished.
 

April 1, 2014

Tanger Factory Outlet Centers and WS Development have announced plans to partner on the development of an upscale outlet center in Cheshire, Conn.

Chestnut Hill, Mass., and Greensboro, N.C. — Tanger Factory Outlet Centers and WS Development have announced plans to partner on the development of an upscale outlet center in Cheshire, Conn. The two companies will co-own the center, which is now in the pre-development stage.

Located at the I-691 and Route 10 interchange, the site features visibility and convenience.

January 28, 2014

Chico's FAS will launch its namesake brand in Mexico, through an exclusive franchise with El Puerto de Liverpool, S.A.B. de C. V. ("Liverpool"), starting with a stand-alone boutique at Perisur Mall, Mexico City, in spring 2014.

New York -- Chico's FAS will launch its namesake brand in Mexico, through an exclusive franchise with El Puerto de Liverpool, S.A.B. de C. V. ("Liverpool"), starting with a stand-alone boutique at Perisur Mall, Mexico City, in spring 2014.

Plans for the Chico's expansion in Mexico include the opening of stand-alone stores as well as branded shop-in-shops in Liverpool department stores. The second stand-alone boutique will open in Villahermosa, Tabasco.

January 15, 2014

Visionworks has taken 3,100 sq. ft. at Northampton Crossings in Easton, Pa., bringing the property up to 100% leased, according to National Realty & Development Corp., the center’s owner.

Purchase, N.Y. — Visionworks has taken 3,100 sq. ft. at Northampton Crossings in Easton, Pa., bringing the property up to 100% leased, according to National Realty & Development Corp., the center’s owner.

NRDC also noted that existing tenants Regis Hair Salon and Chrin’s Cleaners have extended their Northampton Crossings leases.

A Wal-Mart Supercenter, Regal Cinemas, Sam’s Club and Hobby Lobby anchor the 622,000-sq.-ft. power-center.

December 18, 2013

The Shops at 5 in Plymouth, Mass., has named Levin Management its exclusive managing agent.

North Plainfield, N.J. — The Shops at 5 in Plymouth, Mass., has named Levin Management its exclusive managing agent.

The 420,000-sq. ft. open-air shopping center takes its name from its location off Route 3 at Exit 5 on Long Pond Road. Anchor tenants include BJ’s Wholesale Club, TJ Maxx/HomeGoods and Kohl’s. Other national names include The Sports Authority, PetSmart, Pier 1 Imports, Panera Bread and IHOP.

October 18, 2013

CBRE’s National Retail Investment Group has announced the sale of The Market at Parmer Lane on behalf of LPC Retail, a division of Dallas-based Lincoln Property Company.

Austin, Texas CBRE’s National Retail Investment Group has announced the sale of The Market at Parmer Lane on behalf of LPC Retail, a division of Dallas-based Lincoln Property Company. The buyer is a Texas-based private real estate fund advised by Crow Holdings Capital Partners. Terms were undisclosed.

H-E-B Grocery anchors the 122,349-sq.-ft. center, which is 93.3% occupied.

 

September 30, 2013

Leslie’s Poolmart has signed a lease for 5,200 sq. ft. in the Academy Crossing Shopping Center in Portsmouth, Va.

Virginia Beach, Va. — Leslie’s Poolmart has signed a lease for 5,200 sq. ft. in the Academy Crossing Shopping Center in Portsmouth, Va. Divaris Real Estate represented the landlord, Midlantic Builders VA in the transaction.

Other tenants at Academy Crossing include Coldwell Banker, Gymboree, Beadworks, Serenity Nails and Rita’s Pizza.

 

September 26, 2013

A new headquarters complex athletic shoe manufacturer New Balance is constructing in the Brighton section of Boston will reportedly include 65,000 sq. ft. of retail space.

Boston – A new headquarters complex athletic shoe manufacturer New Balance is constructing in the Brighton section of Boston will reportedly include 65,000 sq. ft. of retail space.

According to the Boston Business Journal, ground has been broken on the $500 million, 1.45 million-sq.-ft. site. In addition to New Balance corporate headquarters and retail space, the site will also include an athletic complex, NHL-regulation hockey arena, a hotel, office space, 1,750 parking spaces and its own commuter rail stop.

August 27, 2013

Subway opened its 40,000th location at an AppleGreen petrol station in Ipswich, England.

Milford, Conn. — Subway opened its 40,000th location at an AppleGreen petrol station in Ipswich, England. The company has opened 1,761 locations around the world since the start of 2013. The largest chain of sub shops in the world, Subway leads the next largest chain by more than 5,500 locations.

The U.K. is the brand’s third largest market, behind the U.S. and Canada. There are 14,000 international locations in 102 countries outside the U.S.

 

May 13, 2013

WS Development, based in Chestnut Hill, Mass., announced plans to build an open-air shopping, dining and entertainment complex in Cheshire, Conn., called The Outlets at Cheshire.

Cheshire, Conn. -- WS Development, based in Chestnut Hill, Mass., announced plans to build an open-air shopping, dining and entertainment complex in Cheshire, Conn., called The Outlets at Cheshire.

The center will also include public open space, walkways, recreation amenities, a residential component and full service grocer.  

May 8, 2013

WS Development announced that it will develop an outlet center in Cheshire, Conn.

Chestnut Hill, Mass. -- WS Development announced that it will develop an outlet center in Cheshire, Conn. WS Development will introduce leading fashion and designer outlet stores to the 500,000 -sq.-ft. project, which is expected to open in summer 2015.

This open-air shopping, dining and entertainment complex will also include public open space, walkways, recreation amenities, a residential component and full service grocer.

February 21, 2013

Hastings Entertainment announced that Alan Van Ongevalle has been promoted to president and COO, effective Feb. 15.

Amarillo, Texas -- Hastings Entertainment announced that Alan Van Ongevalle has been promoted to president and COO, effective Feb. 15.

Ongevalle previously served as EVP merchandising and has held various store management and senior management positions since joining Hastings in November 1992.

 

January 24, 2013

National Realty & Development Corp. said that Lane Bryant will open two new locations within its portfolio, Hadley Center in South Plainfield, N.J., and Northampton Crossings in Easton, Pa.

Purchase, N.Y. -- National Realty & Development Corp. said Tuesday that Lane Bryant will open two new locations within its portfolio, Hadley Center in South Plainfield, N.J., and Northampton Crossings in Easton, Pa.

The plus-size retailer will open a 5,000-sq.-ft. store in each location. Both are slated to open in the spring.

Hadley Center is a 542,000-sq.-ft. power center anchored by Target, Kohl’s Department Store, Dick’s Sporting Goods, Regal Cinemas and Marshalls Megastore.

January 24, 2013

Transwestern announced that it has negotiated a new 9,994-sq.-ft. lease for Office Depot at Lincoln Square Shopping Center, located in Arlington, Texas.

Arlington, Texas -- Transwestern announced Tuesday that it has negotiated a new 9,994-sq.-ft. lease for Office Depot at Lincoln Square Shopping Center, located in Arlington, Texas.

The office supply retailer will open its smaller-footprint store – a 10,000-sq.-ft. prototype, downsized from the standard 20,000-sq.-ft. format.

Lincoln Square Shopping Center is a lifestyle shopping and dining center in North Arlington’s Entertainment District.

 

December 7, 2012

Terranova Corp. has signed a lease with Gap, providing a temporary store for the retailer while it builds its new multi-story location on Lincoln Road in Miami.

Miami Beach, Fla. -- Terranova Corp. has signed a lease with Gap, providing a temporary store for the retailer while it builds its new multi-story location on Lincoln Road in Miami.

Gap will open a new location just off Lincoln Road at 1669 Meridian Ave., two blocks away from Gap’s current location at 1001 Lincoln. The existing Gap will close by early 2013, when Gap will begin redeveloping the building into a two-level, 20,000-sq. ft. flagship store. During construction, Gap will stay open for business at the Meridian Avenue location.

October 23, 2012

Plymouth Meeting, Pa.-based Fameco Real Estate said that Party City and VisionWorks have signed leases at Upland Square, located in West Pottsgrove, Pa.

Conshohocken, Pa. -- Plymouth Meeting, Pa.-based Fameco Real Estate said that Party City and VisionWorks have signed leases at Upland Square, located in West Pottsgrove, Pa.
 
Party City has signed a lease for 9,000 sq. ft. and VisionWorks has signed a lease for 3,825 sq. ft. These retailers will join anchors Target, Giant, Best Buy, LA Fitness, TJ Maxx and Bed, Bath & Beyond at the 600,000-sq.-ft. power center.

 

October 1, 2012

Augusta, Ga.-based Hull Storey Gibson Companies announced its acquisition of Mount Berry Square Mall in Rome, Ga.

Rome, Ga. -- Augusta, Ga.-based Hull Storey Gibson Companies announced its acquisition of Mount Berry Square Mall in Rome, Ga.

The 476,778-sq.-ft. mall is anchored by Belk, J.C. Penney and Sears.

September 24, 2012

Portsmouth, N.H. -- Boston-based The Wilder Cos. said that Guitar Center will open a 7,358-sq.-ft. store at Durgin Square in Portsmouth, N.H. The new store will host a grand opening on Sept. 27.

Durgin Square is tenanted by TJ Maxx, HomeGoods and Shaw’s.

Wilder Cos. is the management company for the shopping center.

 

November 29, 2011

CiCi's Pizza said Tuesday it has partnered with strategic site modeling company Birchwood Resultants to add another 500 restaurants in the next eight to 10 years.

Coppell, Texas -- CiCi's Pizza said Tuesday it has partnered with strategic site modeling company Birchwood Resultants to add another 500 restaurants in the next eight to 10 years.

November 17, 2011

Simon Property Group announced a joint venture with Woodmont Outlets and EWB Development to develop, lease and manage St. Louis Premium Outlets, a new upscale outlet center in Chesterfield, Mo.

Indianapolis -- Simon Property Group announced a joint venture with Woodmont Outlets and EWB Development to develop, lease and manage St. Louis Premium Outlets, a new upscale outlet center in Chesterfield, Mo. 

The new outlet center, which was announced in October as Spirit of St. Louis Outlets, will be comprised of 55 acres and will anchor Chesterfield Blue Valley, a mixed-use development to include office space, hotel, restaurant and entertainment venues. 

October 28, 2011

Charlotte, N.C.-based Crosland Southeast said it broke ground Friday on Richmond MSA’s newest multi-use development, Stonebridge, which will occupy the site of the former Cloverleaf Mall in Chesterfield County, Va.

Richmond, Va. -- Charlotte, N.C.-based Crosland Southeast said it broke ground Friday on Richmond MSA’s newest multi-use development, Stonebridge, which will occupy the site of the former Cloverleaf Mall in Chesterfield County, Va.

The first phase of Stonebridge includes the construction of 144,000-sq.-ft. of retail space – most notably, a 123,600-sq.-ft. Kroger Marketplace grocery store that will be the region’s largest and the company’s most expensive to date.  

October 14, 2011

American Girl, a division of Mattel, will open a store at Chesterfield Mall, in the St. Louis suburb of Chesterfield, Mo.

Middleton, Wis. -- American Girl, a division of Mattel, will open a store at Chesterfield Mall, in the St. Louis suburb of Chesterfield, Mo.

The 10,850-sq-.ft. American Girl store is slated to open in spring 2012.

May 13, 2011

New York City-based Centro Properties Group said that The Foundry Big & Tall Supply Co. has opened at Preston Ridge, located in Frisco, Texas.

Frisco, Texas -- New York City-based Centro Properties Group said that The Foundry Big & Tall Supply Co. has opened at Preston Ridge, located in Frisco, Texas.

The 5,000-sq.-ft. store is part of the new Growth Brands Division at J.C. Penney Co.

Preston Ridge is owned by Centro.
 

September 28, 2010

Philadelphia-based Metro Commercial Real Estate said it has negotiated a lease for Ashley Furniture to...