GA Keen Realty Advisors has been retained to assist in the marketing and disposition of properties previously operated by Robb & Stucky, a furniture company that filed for bankruptcy earlier this year.
The properties include a total of 24 sites—23 leases ranging from 5,000 square feet to 324,000 square feet in Florida, Arizona, North Carolina, Nevada and Texas and a fee-owned property in Bonita Springs, Fla. The fee-owned property features a 34,524-square-foot building on a two-acre site.
“We expect some strong interest among other retail companies that are expanding and looking for space similar in size to these vacated properties,” GA Keen Realty Advisors Co-President Matthew Bordwin said in a statement. “Also, given the variation of showrooms and retail outlets Robb & Stucky operated, there is a wide variety of retail space to choose from.”
Bill Rose Becomes Marcus & Millichap’s New National Director of Retail
Marcus & Millichap Real Estate Investment Services appointed Bill Rose as national director of its retail group. Rose has been with Marcus & Millichap since 2003, when he joined the firm’s San Diego office as an investment professional specializing in retail and multi-family properties. Previously, he served as the Western regional director for the firm’s national retail group.
Over the course of his career, Rose completed commercial real estate transactions totaling more than 15 million square feet of space. He serves as operations chair with the Western division of ICSC and is a member of the Urban Land Institute, the National Association of Industrial and Office Properties and theMortgage Banking Association.
Simon to Manage New Hampshire’s Fox Run Mall
Simon Property Group will assume leasing, management and marketing responsibilities for Fox Run Mall, a 604,000-square-foot retail center in Newington, N.H., effective May 15. Completed in 1983, Fox Run Mall is anchored by Macy’s, JC Penney and Sears. Other retailers at the property include Abercrombie & Fitch, Hollister, Express, LOFT, Limited, American Eagle Outfitters and Victoria’s Secret.
RKF Opens Miami Office
Robert K. Futterman & Associates (RKF) opened its first Miami office, representing its sixth location in the United States. Drew Schaul, who joined the firm as vice president, will oversee the new office.
Schaul has 10 years of experience in retail real estate, with a focus on landlord and tenant representation. Prior to joining RKF, he worked as senior associate at CB Richard Ellis. His retail clients currently include Brooks Brothers, Allen Edmonds, Luxottica Retail Group and Sunglass Hut, among other firms.
HomeGoods, Petco Sign Up for Granada Village
Regency Centers leased 39,000 square feet of space at Granada Village in Granada Hills, Calif. to two new anchors. HomeGoods signed a 27,500-square-foot lease at the property. The retailer plans to open its doors in the spring of 2012. Petco signed a lease for 11,350 square feet. It will open in the fall of 2011.
The Clover Co. represented HomeGoods in its transaction. Western Retail Advisors represented Petco.
Granada Village is a 225,000-square-foot neighborhood center located in the San Fernando Valley that is currently undergoing a $16 million redevelopment. The project is scheduled for completion in the spring of 2012.
Regal Cinemas to Open at Waugh Chapel Towne Centre in Maryland
Regal Cinemas signed awith Greenberg Gibbons for 52,000 square feet of space at Waugh Chapel Towne Centre in West Anne Arundel County, Md. The space will house Regal Cinemas Waugh Chapel Stadium 12 & Imax.
When completed, Waugh Chapel Towne Centre will contain 650,000 square feet of retail, 125,000 square feet of class-A office space and 380 residential units. Anchors at the property will include Wegmans, Target, Dick’s Sporting Goods and Petco. The retail portion of the development is scheduled to open in the spring of 2012.
L.A. Fitness Signs a Lease at Kaleidoscope Courtyards
L.A. Fitness International LLC signed a 15-year lease with Westport Capital Partners LLC for a 47,000-square-foot space at Kaleidoscope Courtyards in Mission Viejo, Calif. Mark Baziak, senior vice president with the Grubb & Ellis retail group, and Terrison Quinn, associate, represented the landlord in the transaction. John Kalamaras, of RealSource Partners, and Pat Gilhooly, of The Clover Co., represented the tenant.
The L.A. Fitness lease brings Kaleidoscope Courtyards to 75 percent occupancy.
Caruso to Incorporate Old Façade into The Americana at Brand Expansion
Caruso Affiliated and The Glendale Historical Society are working to relocate the façade of a brick warehouse building on Orange Street in Glendale, Calif. and incorporate it into the design of the new 135,000-square-foot Nordstrom building at Caruso’s The Americana at Brand property.
The Glendale Historical Society plans to use the façade’s steel sash windows to installs photographs from Glendale’s past. Caruso will install additional display boxes for the promotion of special events and Glendale Historical Society exhibits.
Caruso acquired the warehouse building as part of its expansion of The Americana at Brand. The expansion is currently under public review, with completion scheduled for the fall of 2013.
Fameco Teams Up with Trinity Real Estate Advisors in Attempt to Expand Real Estate Platform
Fameco Real Estate hired Scott Jennerich as president of Trinity Real Estate Advisors, its new wholly owned subsidiary. Jennerich will be based in the firm’s Woodbridge, N.J. office and will help grow the firm’s real estate platform, includingand outlet center opportunities.
Prior to joining Fameco, he headed Trinity Real Estate, a consulting company specializing in retail real estate on a national basis. Jennerich has 24 years of experience in real estate, including a stint with the real estate department of the McDonald’s Corp.
Citi Trends Comes to City Line Plaza in Illinois
Citi Trends signed a lease for a 10,137-square-foot store at City Line Plaza in Moline, Ill. The retailer plans to open the store in June 2011. Jim Sakanich, of CB Richard Ellis, represented Citi Trends in the transaction. Mary Beth Menelli-Iyeljic and Jaime Platt, of Mid-America Asset Management Inc., represented the landlord.
Heslin to Build $6M Walgreens in Downey, Calif.
Heslin Becker Properties will build a $6 million, 12,000-square-foot built-to-suit Walgreens in Downey, Calif. The building will be located near an existing freestanding KFC restaurant. Walgreens has already signed a long-term lease for the space. The project is scheduled for completion in the fourth quarter of 2011.
Crossman Negotiates 10 Leases at Publix-Owned Centers in the Southeast
Crossman & Co. negotiated 10 long-term leases on behalf of Publix Super Markets Inc. The transactions totaled 24,577 square feet. Ashley Thornburg and Justin Greider, of Crossman & Co., represented Publix in the leases.
Thornburg negotiated five leases at three Public-owned retail centers in Florida. The transactions included a 1,572-square-foot lease with Wildberries and a 3,869-square-foot lease with Prime Time NY Deli at Publix at Town Commons in Lake Worth; a 3,600-square-foot lease with Surf Ratz and a 1,200-square-foot lease with Festival Music Centers at Cornerstone at Stuart in Stuart; and a 1,000-square-foot lease with AT&T at University Walk in Sarasota.
Greider negotiated five leases at five Publix-owned retail centers. The transactions included a 1,025-square-foot lease with Miracle Ear at Palm Springs Crossing in Altamonte Springs, Fla.; a 1,761-square-foot lease with Sound Advice Hearings Aids in Largo, Fla.; a 1,725-square-foot lease with Fro-Yogi at OakLeaf Plantation Center in Jacksonville, Fla.; a 4,025-square-foot lease with Anytime Fitness at Rockledge Crossing in Rockledge, Fla.; and a 4,800-square-foot lease with Sherwin-Williams at Paces Ferry Center in Atlanta, Ga.
Orlando Hair Salon & Spa and Harvest Delights, a Mediterranean restaurant and market place, signed leases with New Boston Fund Inc. for 6,519 square feet of space at One Park Square at Doral in Doral, Fla. Orlando Hair Salon & Spa will take a 2,078-square-foot spot. Harvest Delight will take 4,441 square feet. Tere Blanca and Danet Linares, of Blanca Commercial Real Estate, represented the landlord in the transaction.
Handler Real Estate Org. hired Peter Simel as senior managing director. In his new position, Simel will help the firm grow its brokerage business. Previously, he served as vice president with CB Richard Ellis. While there, he arranged transactions worth an aggregate $630 million. Simel specializes in landlord and tenant representation.
ICSC promoted Rachel McGreevy to vice president of state and local government relations. In her new position, McGreevy will continue to develop and manage ICSC’s government relations program, which operates in the U.S. and Canada. In the past, McGreevy has worked for U.S. Representative Collin Peterson and for the Democratic Governor’s Association, among other positions.
The National Council of Real Estate Investment Fiduciaries (NCREIF) hired Jeffrey Havsy as director of research. Previously, Havsy served as global strategist with Property and Portfolio Research, where he concentrated on the U.S. office market coverage, assisted in the design of real estate derivatives and helped build research capabilities in Europe and Asia.
AWE Talisman appointed Janet Bedin as director of luxury and international brands and David M. Grossman as director of all things food. Together, the two will be responsible for leasing the Fashion Outlets of Chicago, a new, 550,000-square-foot development in Rosemont, Ill. Previously, Bedin served as vice president of merchandising with General Growth Properties. Grossman owns, operates and develops the Freshii restaurant brand in the Chicago area. He has more than 20 years of restaurant and food leasing experience and previously served as director of leasing with General Growth.
EMJ Corp. promoted Chris Hall to vice president and general counsel. In his new position, Hall will be involved in risk management, conflict resolution and other operational matters. He has been with EMJ since 2007, when he joined the firm as general counsel.
Essex Builders Corp. hired Marcie DosReis as business development coordinator in its marketing division. DosReis has more than 10 years of experience in construction marketing and business development.