Simon Property Group will build a 40,000-square-foot addition to The Colonnade Outlets at Sawgrass Mills in Sunrise, Fla. The expansion will comprise more than 20 new stores, including Tory Burch, Under Armour Factory House, DKNY Company Store, Desigual and Original Penguin and Max Studio. Forever 21, Calvin Klein, American Eagle Outfitters and Aeropostale will expand their existing presence at the center. The new phase of development will open in the fall of 2012.
In addition, Simon will redevelop Wannado City theme park, adding 140,000 square feet of shopping space. The firm will also invest in new shopper amenities at Sawgrass Mills, including renovated restrooms and soft seating areas on the interior and exterior of the property.
Texas Retail Real Estate Services Firms Merge Forces
United Commercial Realty (UCR) and moodyrambin retail formed UCR moodyrambin, a partnership that gives both firms a stronger geographic foothold in Texas. UCR is a retail real estate services firm with offices in Austin, Dallas and San Antonio. moodyrambin retail is a commercial real estate services firm that specializes in retail real estate advisory and leasing.
The new partnership will help expand UCR’s territory by adding an office in Houston. moodyrambin retail will benefit by adding new service capabilities, including asset and property management, investment sales and urban retail.
The Houston and Dallas teams will remain intact after the merger. Lance Gilliam and Ed James will manage the Houston office, while Mickey Ashmore and Jean Smith will oversee the Dallas office.
“Scale, scope and synergy drive excellence, and our two companies are notably stronger together than as competitors,” said Lance Gilliam in a statement. “Importantly, we share similar corporate cultures that will allow for a smooth transition to a dynamic, industry-leading business entity.”
Wilson Commercial Wins Eight Leasing Assignments in Southern California
Wilson Commercial Real Estate has been appointed as the leasing agent for eight retail centers in Southern California totaling more than 2.5 million square feet. The properties include:
- Porter Ranch Town Center, a 560,000-square-foot power center in Northridge, Calif. Tenants at the center include Best Buy, Toys ‘R’ Us, Sports Chalet, Walmart, Petco and Jo-Ann Fabrics, among others. Shapell Properties owns the asset.
- Aldea at Porter Ranch, a 200,000-square-foot lifestyle center development in Northridge, Calif. The center is scheduled for completion in 2013. Shapell Properties is developing the project.
- Norwalk Swap Meet, a 90,000-square-foot freestanding building in Norwalk, Calif. The building is currently available for lease. It is owned by Shapell Properties.
- Alondra and Maidstone Shopping Center, a 35,000-square-foot strip center in Norwalk, Calif. The center is owned by Shapell Properties.
- Plaza at Golden Valley, a 650,000-square-foot retail center in Santa Clarita, Calif. Tenants at the center include Kohl’s, Target, Bed Bath & Beyond and Petsmart, among others. Terramar Retail Centers owns the property.
- A former Montgomery Wards building in Panorama City, Calif. Lubert Adler Management West operates the property.
- Santa Susana Plaza, a 145,000-square-foot neighborhood shopping center in Simi Valley, Calif. Tenants at the center include 24 Hour Fitness, 99 Cents Only and Jo-Ann Fabrics. Lubert Adler Management West operates the property.
- Desert Gateway, a 500,000-square-foot power center in Palm Desert, Calif. Tenants at the center include Walmart, Sam’s Club, Kohl’s, Ashley Furniture and Petsmart. Rothbart Development owns the property.
Colliers Expands Virginia Presence
Colliers International launched a new office in Northern Virginia and introduced a regional property management practice for metro Washington, D.C. The new office will be located in McLean, Va. and will be led by Andrew Klaff, formerly a senior level executive with Grubb & Ellis. Klaff’s four-person team will include Warren Amason, executive vice president; Chad Arnold, senior vice president, Warren Mayberry, associate vice president; and Katherine Camacho, client services associate.
The new property management operation, which will be based in Colliers’ existing office in downtown Washington, will manage a growing portfolio of commercial properties in the region. The property management team will include David Peterson, regional managing director; Jason Dinan, director of engineering; Lynn Johnson, financial analyst; Jason Meidhof, marketing manager; and Alexander McGregor, marketing assistant.
“Colliers International is deeply committed to providing our clients in the capital region with the best services platform in the industry,” said Colliers’ U.S. CEO Dylan Taylor in a statement. “With today’s, we are much closer to achieving that objective through the establishment of a critical beachhead in Northern Virginia and the creation of a regional property services platform. Under the leadership of Tim Hague, I have no doubt that our expansion efforts will continue to attract the best and brightest professionals in the marketplace.”
Jamestown to Rebrand Alameda Island Center
Jamestown will rebrand Alameda Towne Centre, a 594,000-square-foot open-air retail center on Alameda Island, Calif. As part of the effort, the center will be renamed Alameda South Shore Center. The rebranding program will include the addition of more seating and improved lighting to common areas; designing unique storefront identities for the center’s tenants; incorporating clear, user-friendly directional signs and graphics and instituting a number of sustainability initiatives.
Jamestown purchased the center in January 2011.
Taubman Brings New Tenants to Mall at Short Hills
Taubman Centers signed several new leases at the Mall at Short Hills in Short Hills, N.J.
- The Cheesecake Factory signed a 10,000-square-foot lease. The restaurant chain plans to open its new location in July.
- Reed Krakoff signed a 2,800-square-foot lease. The retailer will open in early August.
- Swarovski signed a 940-square-foot lease for its new concept, Crystal Forest.
- Ann Taylor signed a lease for its new concept.
Former Omniplan Staffers Form NewFirm
Lionel Morrison, Mark Dilworth and Cari Walls formed a new partnership and architectural design firm under the name Morrison Dilworth and Walls. The firm will specialize in commercial projects, including office, mixed-use, retail and residential buildings. Services will range from new construction to expansions and master plans. In the past, all three of the firm’s founders worked for Dallas-based architecture firm Omniplan.
Broadbent Co. Signs New Leases at Indianapolis Properties
The Broadbent Co. closed severalat its Indianapolis, Ind. centers:
- Latitude Global signed a 70,000-square-foot lease for a luxury entertainment venue at Clearwater Crossing. Jon Kenney represented the landlord in the transaction. Duke Addison, of Addison Commercial Real Estate Inc., and Steve Tool, of Tool Commercial Realty, represented the tenant.
- Cadillac Ranch signed a 15,062-square-foot lease at Clearwater Crossing. Jon Kenney represented the landlord. Michael Cranfill, of Sitehawk Retail Real Estate, represented the tenant.
- Hibachi Grill Supreme signed an 11,200-square-foot lease at Greenwood Place. Jeff Roberts represented the landlord in the transaction. Jodi Milto, of Midland Atlantic, represented the tenant.
Big Lots Signs Lease at Centro Center in Tennessee
Big Lots signed a lease with Centro Properties Group for a 40,000-square-foot store at Watson Glen in Franklin, Tenn. Gil Consuegra served as an in-house representative for Centro in the transaction.
In addition, Centro signed smaller leases with Twisty’s Yogurt & Smoothies, Immediate Medical Care, Tuxedos N’ More, Chopsticks Noodle & Grill, Cricket, Cato and Advance Auto Parts.
Westside Market Opens Store in Upper Manhattan
Westside Market signed a lease for 15,607 square feet of space at 2589 Broadway in New York City. Tatiana Jung and Richard Smith, of Winick Realty Group LLC, represented the tenant in the transaction. Winick CEO Jeff Winick and Ann La Centra represented the landlord.
DeBartolo Opens Orlando Office
DeBartolo Development LLC opened a new office in Orlando, Fla. Jay Adams, the firm’s East Coast development officer, will lead the new office.
Other Notable News
JBG Rosenfeld Retail promoted Krista Di Iaconi, Jay Klug, John Mitchell and Bob Schwenger to principal. Di Iaconi and Klug will continue to focus on acquisitions and development, while Mitchell and Schwenger will serve as co-heads of the company’s new leasing division, JBGR Retail Brokerage. Di Iaconi has been with the company since 1994, Klug since 2005, Mitchell since 2000 and Schwenger since 1997.
The Rappaport Cos. hired Charlotte B. Strain as senior vice president of asset management. In her new position, Strain will work with current clients and third-party accounts and will be responsible for property management, asset management and lease administration for a 9-million-square-foot retail portfolio. Prior to joining the Rappaport Cos., she worked for Jones Lang LaSalle.
CB Richard Ellis hired Scott Riddles as senior vice president with its Western division retail team. In addition, CB Richard Ellis hired Riddles’ team, including Derek Fitch, Rob Crumly and Ryan Riddles. Riddles has 25 years of experience in retail real estate.
Marcus & Millichap Real Estate Investment Services promoted Mark E. Taylor to first vice president of investments. Previously, Taylor served as vice president of investments. He has been with the firm since 2001.
SRS Real Estate Partners hired Michael Miller as first vice president in its Dallas/Ft. Worth office. In his new position, Miller will specialize in commercial/retail leasing, sales and development and will represent retailers in securing multiple site locations within the SRS Urban group. Miller has 14 years of experience in commercial real estate.
Federal Realty Investment Trust promoted Barry Carty to vice president of East Coast acquisitions, effective July 1. In his new position, Carty will be responsible for all of the company’s acquisitions efforts on the East Coast. Previously, he served as senior director of acquisitions. Federal also hired Jeffrey R. Chambers as senior director of development and acquisitions for the West Coast. In his new role, Chambers will focus on sourcing and underwriting acquisition opportunities, developing broker relationships and overseeing shopping center development and redevelopment projects associated with new acquisitions. Previously, Chambers served as director with WestCap Corp.
Cushman & Wakefield Retail Services promoted Michael O’Neill, Matthew Seigel and David Tricarico to senior director; Steven Soutendijk to director; Thomas Citron and Jonathan Scibilia to associate director; and Alisa Amsterdam, Sarah Fabian, Chris Schwart and Carl Wunderlich to senior associate.
Voit Real Estate Services hired Jessamyn Miller as marketing manager. Previously, Miller served as marketing and communications manager with the Orange County Community Foundation. While there, she developed annual strategic marketing and budgeting plans and supported communication outreach efforts.
White-Spunner & Associates hired Mike Reid as a real estate broker for its commercial and residential divisions. Reid has more than 15 years of experience in commercial and residential real estate sales, property management and leasing.