Simon Property Group Inc. opened the second phase of Houston Premium Outlets in Cypress, Texas. Phase II added 114,000 square feet to the center, for a total GLA of 541,000 square feet. Phase I opened in 2008.
The expansion included leases with 25 new retailers, among them Saks Fifth Avenue Off 5th, A/X Armani Exchange, American Eagle Outfitters, Chico’s, David Yurman, Ed Hardy, Esprit, Haggar Clothing Co., J.Crew, Jockey, Joe’s Jeans, Jos. A. Bank, Lacoste, Merrell, Nautica, New York & Company, Nestle Toll House by Chip, Original Penguin, Talbots, Tory Burch, Tumi, White House/Black Market and Wilsons Leather.
“We are thrilled that our center is providing not only great outlet shopping but is also supporting the community by creating new jobs and assisting in the overall economic growth for the area,” said John R. Klein, CEO of Premium Outlets, the outlet division of Simon, in a statement. “The expansion of the center will enable us to enhance these benefits.”
The opening of phase II of Houston Premium Outlets has created more than 250 new retail jobs.
Target Signs Largest Lease in Downtown LA in 20 Years
Target Corp. has signed a 20-year lease with Brookfield Office Properties for more than 100,000 square feet of space at the 7th& Fig Center in Los Angeles. The transaction represents the largest retail lease signed in downtown Los Angeles in 20 years. Target plans to open its new store in 2012.
“The addition of Target to 7th&Fig will not only create countless jobs, it will improve the quality of life for people throughout the entire LA metro area by offering a convenient and diversified shopping option,” said Los Angeles Mayor Antonio Villaraigosa in a statement.
Edward Hogan, national director of retail leasing, served as the in-house representative for Brookfield Office Properties in the transaction. Richard Rizika, of CB Richard Ellis, represented the tenant.
Steuart Investment to Develop Mixed-Use Center in Washington, D.C.
Steuart Investment Co. will develop 360° H Street, a 290,000-square-foot LEED-certified mixed-use center in Washington, D.C. The project will include 43,000 square feet of retail topped by 215 rental units. A 41,200-square-foot Giant Food supermarket will anchor the retail portion of the development. Torti Gallas and Partners Inc. served as the architect on 360° H Street. The project is scheduled to start construction in the spring of 2011.The Giant Food store is slated to open in the first quarter of 2013.
New Lifestyle Center Planned in Louisiana
Glenn Stewart will develop Parc Lafayette, an upscale lifestyle center on a 34-acre site in Lafayette, La. The project will be developed in three phases. Phase I will contain 140,000 square feet of retail. Phase II will feature from 110,000 square feet to 150,000 square feet of retail, plus some office space. Phase III will add a 120-room, five-star Hotel Marquis de Lafayette.
DDR Joint Venture Expands Shopping Center in Brazil
Sonae Sierra Brasil, Developers Diversified Realty Corp. ’s joint venture with Brazilian shopping center owner Sonae Sierra, opened a 60,000-square-foot expansion at Parque Dom Pedro Shopping, an enclosed mall in Campinas, Brazil. The expansion brings the center to 1.3 million square feet of space.
Agree Realty Appoints New CFO
Agree Realty Corp. appointed Alan Maximiuk as CFO and secretary of the company. Since July 2010, Maximiuk served as vice president with Agree. Prior to that, he was vice president of financial services with Ramco-Gershenson Properties Trust.
Centro Inks New
Centro Properties Group signed new leases at various properties:
World Overcomers Ministries has signed a lease for a 77,225-square-foot location at Festival Centre Shopping Center in North Charleston, S.C. Ron Buckley served as the in-house representative for Centro in the transaction.
P.C. Richard & Son has signed a lease for a 32,603-square-foot store at Freshwater-Stateline Plaza in Enfield, Conn. Charles Davis served as the in-house representative for Centro in this transaction.
Sylvania Sports World signed a lease for a 12,800-square-foot store at Starlite Plaza in Sylvania, Ohio.
La Familia Pawn & Jewelry signed an 11,519-square-foot lease for a store at Ventura Downs in Kissimmee, Fla. Will Slemons, of D.A. Brown & Co. , represented the tenant in the transaction. Siobhan Pecora served as the in-house representative for Centro.
Anytime Fitness signed a deal for 9,990 square feet of space at Montecito Marketplace in Las Vegas. Brian Baker served as the in-house representative for Centro.
Sprouts Signs Location at Regency’s Granada Village
Sprouts Farmers Market has signed a lease with Regency Centers Corp. for a 10-year, 25,000-square-foot store at Granada Village in Granada Hills, Calif. Sprouts will be occupying the space previously leased by Ralphs and has plans to open in the fall of 2011. As a result of the addition to its tenant line-up, Regency will start a $16 million center remodel and repositioning. Scott Burns, of Wilson Commercial Real Estate, represented Regency in the transaction. Ryan Sullivan, of Western Retail Advisors, represented the tenant.
GGP Appoints Beth Harris Director of Field Marketing
General Growth Properties appointed Beth Harris as director of field marketing for Southern California. In her new position, she will oversee the marketing for 10 GGP centers, including the Glendale Galleria, Northridge Fashion Center, Fallbrook Center, Montclair Plaza, Galleria at Tyler, Moreno Valley Mall, Valley Plaza, Visalia Mall, Otay Ranch Town Center and Chula Vista Center.
Harris joined the company in September. Prior to that, she worked as executive director of marketing and business development/digital media at Disney ABC Television Group and as director of marketing for the Academy Awards, among other positions.
Hodgdon-Miank Construction completed the renovation of a 35,200-square-foot former Linens ‘n Things building at the Long Beach Towne Center in Long Beach, Calif. for new occupant Ashley Furniture HomeStore.
Philips International has signed three new lease transactions at Allendale Shopping Center in Pittsfield, Mass. The transactions included a 14,840-square-foot lease for Simmons Lifestyle Furniture; an 8,100-square-foot showroom lease and a 12,300-square-foot warehouse lease for Steven’s World of Flooring; and a 4,428-square-foot lease for Aroma Bar and Grill. Glenn Langenback, property manager for Allendale Shopping LLC, represented the landlord in the transaction.
JBG Rosenfeld Retail signed a 9,000 lease with CVS/Pharmacy for a store at Capitol Plaza in Washington, D.C. TD Bank, Roti Mediterranean Grill, Tynans Coffee and Tea and Georgetown Valet signed leases at the firm’s Constitution Square property in Bethesda, Md.
Reichel Realty completed leases at several South Florida properties:
Gulfstream Goodwill Industries Inc. has signed a 13,000-square-foot lease at a freestanding retail building in Stuart. The lease is valued at $1.3 million. Peter Filomena, of Reichel Realty, represented the tenant in the transaction.
Partners in Health Chiropractors signed a three-year, 3,100-square-foot lease at Forest Hill Center in Palm Springs. The lease is valued at $100,000. Jim Tornabene, of Reichel, represented the landlord, Four Florida Shopping Centers, in the transaction.
Kersalt Medical School signed a two-year, 2,500-square-foot lease with Westchester Square LLC for a location at Westchester Square in West Palm Beach. The lease is valued at $509,000. Jim Tornabene negotiated this transaction.
Pinch-A-Penny signed a five-year lease renewal on a 3,600-square-foot location at Jog Plaza in Lake Worth. The lease is valued at $307,500. Bill Reichel, president of Reichel Realty, represented the owner, Okee Plaza Ltd. , in the transaction.
Quest Diagnostics signed a one-year lease renewal on a 2,000-square-foot location at Nassau Square in Lake Worth. The lease is valued at $50,000. Jim Tornabene represented the landlord, Four Florida Shopping Centers, in the transaction.