Colliers International acquired Johnson Hoke, a San Francisco-based brokerage firm with a focus on urban specialty and lifestyle retail properties. As part of the transaction, Johnson Hoke executives, including Vikki Johnson, Karen Hoke and Pamela Mendelsohn, will become part of Colliers International’s retail services group. Going forward, they will focus on expanding Colliers’ retail services footprint throughout California and in major markets across the nation.
“Johnson Hoke represents an excellent addition to our fast-growing U.S. retail platform” said Dylan Taylor, U.S. CEO of Colliers International, in a statement. “Like Colliers International, Johnson Hoke knows how to enhance the value of [its] clients’ assets through sophisticated lease negotiations and other client services. With their long-standing reputation for creativity and integrity, I am excited to have them now working shoulder-to-shoulder with us as part of Colliers International beginning today.”
In a separate announcement, Colliers International hired Andrew G. Simon as executive managing director. Prior to joining Colliers, Simon served as executive managing director with NAI New York City. He has 30 years of experience in commercial real estate.
C&W’s Former CEOs to Head Top-Grade Brokerage Team
Cushman & Wakefield appointed Bruce Mosler as chairman of global brokerage. In his new position Mosler, who was previously the firm’s president and CEO, will partner with another former C&W CEO, Arthur Mirante, to create a unique brokerage services team in New York. The team will also include David Rosenbloom, a C&W executive director, among other experienced professionals.
“As former industry leaders with a combined 30 years of experience at the helm of Cushman & Wakefield, [this team] is offering clients something different at the brokerage level in the way of executive level experience in order to advise clients on complex transactions and portfolio decisions,” said Jim Underhill, C&W’s CEO for the Americas, in a statement. “With Bruce and Arthur working alongside our 35-plus vice chairman and executive vice presidents in New York, who are already considered the best of the best, we expect to gain a significant increase in market share in the near term and a dominant share long-term.”
Callison Appoints New CEO
Callison appointed John Jastrem as chairman and CEO to replace James P. Rothwell, who is stepping down from the post. Jastrem has served on Callison’s holdings board since 2006 and has been its executive chairman since August 2010.
Rothwell will stay on as principal of the firm, and will be responsible for running the company’s commercial design practice.
Levin Management Wins New Assignment in Pennsylvania
ING Clarion appointed Levin Management Corp. as the exclusive leasing and managing agent for The Shops at Blue Bell, a 103,000-square-foot shopping center in Blue Bell, Pa. Giant supermarket serves as the anchor for the property. Other tenants at the center include Sovereign Bank, GNC, Supercuts, Sbarro and IHOP.
IDB Group, EHB Plan Opening of Tivoli Village at Queensridge
IDB Group USA and EHB Cos. will open Tivoli Village at Queensridge on March 24. Tivoli Village is a 29-acre mixed-use development in northwest Las Vegas. Retail tenants at the property will include Charming Charlie, Kidville and BRIO Tuscan Grille, among others.
Triangle Square to Add 24 Hour Fitness
TSQ Venture Partners/Greenlaw Partners signed 24 Hour Fitness to a 15-year lease for a 59,260-square-foot location at Triangle Square shopping center in Costa Mesa, Calif. Keith Kropfl, of Voit Real Estate Services, represented 24 Hour Fitness in the transaction. John Romm, of Commercial West Brokerage, represented the landlord.
Carmike Cinemas to Anchor Upland Square
Carmike Cinemas signed a lease with Cedar Shopping Centers and Tristate Ventures L.P. for a 46,000-square-foot multi-screen movie theater at Upland Square Shopping Center in West Pottsgrove, Pa. Carmike Cinemas will be the last anchor at the property, joining Target, GIANT, Best Buy, Staples, LA Fitness, Bed Bath & Beyond, Petco, TJ Maxx and AC Moore. The movie theater is scheduled to open in the fall of 2011.
The center was completed in 2008 by a joint venture of Cedar and Tristate. Adam Kohler, of Fameco Real Estate L.P. , represented the landlord in the transaction.
Nordstrom Rack Coming to Kansas City Area
Nordstrom Inc. signed a deal for a 34,925-square-foot Nordstrom Rack store at the Orchard Corners shopping center in Lenexa, Kan. The store is scheduled to open in the fall of 2011. Other tenants at Orchard Corners include Stein Mart, Gordmans, Jared the Galleria of Jewelry and Men’s Warehouse. Block and Co. manages the property, with RED Brokerage serving as its leasing agent.
TJ Maxx to Open at Lagniappe Village
TJ Maxx signed a lease with Centro Properties Group for a 24,035-square-foot store at Lagniappe Village in New Iberia, La. Larry Rabin, of Corporate Realty Inc. , represented the tenant in the transaction. Mike Watson served as in-house representative for Centro.
In addition, Centro signed leases totaling 32,998 square feet throughout its U.S. portfolio, with tenants including Bright Yellow Creations, Osaka, Fitness Resource, Mr. Lucky’s Gold Exchange, Subway, Nak Nik Fashions, Ocean View Nails, Advanced Wireless PCS, Nova Healthcare and Rancho Viejo Mexican Restaurant.
Office Depot Signs Lease at Hickory Ridge
Office Depot signed a lease with Inland Western Retail Real Estate Trust Inc. for a 21,000-square-foot store at Hickory Ridge Shopping Center in Hickory, N.C. A.C. Moore formerly occupied the store, but it has since moved to a 35,000-square-foot space within the center.
RKF Brings Mulberry to New York City
Mulberry signed a lease with Calliope Associates L.P. for a 10,700-square-foot flagship store at 134 Spring St. in New York City. The company plans to open its new store in the summer of 2011. Karen Bellantoni and Beth Rosen, of Robert K. Futterman & Associates, represented the landlord in the transaction. Joel Isaacs and Joshua Lewin, of Isaacs and Co., represented Mulberry.
In a separate announcement, RKF said it had promoted Rosen to managing director. Rosen has been with the firm since 2001 and previously served as senior director. Her list of clients includes Diesel, Free People and Anthropologie, among other retailers.
Other Notable News
Agree Realty Corp. will redevelop a property occupied by a chain drugstore on the corner of Shattuck Avenue and Cedar Street in Berkeley, Calif. Construction is scheduled to be completed in the third quarter of 2011.
Avison Young hired Caleb Lawson as principal and member of the corporate services group in its Houston, Texas office. In his new position, Lawson will focus on local tenant representation and portfolio management services on behalf of clients. Lawson has 14 years of experience in commercial real estate.
LePatner & Associates LLP appointed Jeffrey W. Kleiner, Esq. and Alexander D. Tuttle, Esq. as partners. Kleiner has been with the company since 2008. He specializes in commercial and real estate litigation, construction and real estate-related commercial transaction matters. Tuttle has been with the company since 2007. He specializes in representing real estate owners, developer and contractors, construction transactions and litigation.
CB Richard Ellis Group Inc. appointed John Ferguson as executive managing director for the Southeast region. In his new position, Ferguson will oversee CBRE’s operations in Atlanta, Charlotte and Nashville, and the operations of CBRE’s affiliates in North Carolina, South Carolina and Tennesse. Previously, he served as senior vice president.
Coyote Management L.P. promoted Michael L. Whitlock to controller. In his new position, Whitlock will be responsible for all financial, asset capitalization and property accounting for the firm’s portfolio. He joined Coyote Management in 1998 and previously served as accounting manager.