Evergreen Devco Inc. appointed Grubb & Ellis Co. as a leasing agent for a Phoenix area retail portfolio totaling 596,000 square feet of space. The portfolio includes:
Goodyear Centerpointe, a 290,000-square-foot regional power center in Goodyear, Ariz. The center is currently 98 percent leased, to tenants including Toys ‘R’ Us, Rubio’s Inc. and Sport Chalet, among others.
Villago Marketplace, a 156,000-square-foot grocery-anchored shopping center in Casa Grande, Ariz. The center is 92 percent leased, with tenants including Fry’s Marketplace, McDonald’s, JPMorgan Chase and Subway.
Anthem Marketplace at Merrill Ranch, a 135,000-square-foot grocery-anchored shopping center in Florence, Ariz. The center is 98 percent leased, with tenants including Safeway, McDonald’s, Wells Fargo and Allstate Insurance.
Sonoran Desert Village, a 15,000-square-foot shopping center on Carefree Highway. The center is 80 percent leased, with tenants including Walgreens and Wells Fargo. Bill Finch, senior vice president, and Alex Gonzalez, senior associate with Grubb & Ellis, will handle this assignment.
“This retail portfolio consists of well positioned properties anchored and leased by national retailers. Prospective tenants have the opportunity to lease or build out a wide range of available spaces and pads, while benefiting from a strong, experienced ownership like Evergreen,” said Finch.
Jones Lang LaSalle to Handle Rollout Campaign for Bar Louie
Bar Louie appointed Jones Lang LaSalle as its exclusive real estate advisor. The bar and restaurant chain is planning to embark on a major national expansion, with more than 100 new locations in 20 markets.
Currently, Bar Louie operates approximately 50 locations in 15 markets. It plans to open 20 new restaurants by year-end 2011. Bar Louie was recently acquired by Sun Capital Partners Inc., a private investment firm.
“Now is the ideal time to pursue a robust expansion program that will support our strategic growth goals and bring the Bar Louie brand and concept to new customers around the nation,” said Chris Devlin, senior vice president of new business development with Bar Louie, in a statement. “We selected Jones Lang LaSalle as our partner in this venture because of its broad retail experience, proprietary store deployment technology and wide reach within the brokerage community nationwide.”
The chain is looking for locations ranging from 4,000 square feet to 7,000 square feet in markets including New York City, Boston, Washington D.C., Northern New Jersey, West Palm Beach, Dallas Fort-Worth, St. Louis and Chicago, among others.
Greg Ferrante, Chris Malherbe and Lew Kornberg, members of corporate retail solutions practice, will handle this assignment on behalf of Jones Lang LaSalle.
Coyote Management Appoints New CFO
Coyote Management L.P. hired John Fant as CFO. Fant has more than 30 years of experience in financial, accounting and risk management in real estate, retail and service industries. Prior to joining Coyote Management, he worked as CFO of Corinth Properties and as vice president and CFO of United Commercial Development Corp. Fant’s career also included stints with Arthur Andersen & Co. and Marathon U.S. Realties Inc.
“We are pleased to have John join our team. I have had the pleasure knowing and working with John for over 20 years and have the utmost respect for his professionalism and extensive financial background,” said Michael Rulli, chairman and CEO of Coyote Management, in a statement.
Voit Unveils Personnel Additions
Voit Real Estate Services hired Jason K. Galleli and his retail team to join its Sacramento, Calif. office. Galleli has been the top producing U.S. retail broker at Colliers International for the past five years. His team includes Kevin M. Soares, vice president, Jeff T. Hagan, senior associate, Kurt C. Conley, senior associate, Ellia C. Karres, senior associate, Dustin A. Droen, associate, Andrea M. Stirling, associate, and Tara L. Davis, executive marketing specialist.
During their tenure with Colliers, Galleli and his team represented more than 50 shopping centers in Northern California and more than 25 national retailers, including Best Buy, TJX Cos., Costco and Sprouts Farmers Market, among others.
In addition, Voit hired Cary Calkin as director of asset services, Bob Osbrink as executive managing director and Mike Montandon as managing director for Las Vegas. Calkin previously served as vice president and manager with U.S. Bank. Osbrink was co-CEO of Grubb & Ellis for four years. Montandon served as director of government affairs with Core Construction. He was also the Mayor of North Las Vegas from 1997 through 2009.
GreenbergFarrow to Design Toronto’s Stockyards on St. Clair
Trinity Development Group appointed GreenbergFarrow to design the Stockyards on St. Clair, a 550,000-square-foot retail property in Toronto. The project will be positioned on the site of Toronto stockyards and will serve as the lynchpin in the gentrification of the surrounding community. The Stockyards on St. Clair is scheduled to open in 2012.
Jeffrey R. Anderson Real Estate to Help Redevelop The Mall at Lexington Green
Langley Properties Co. appointed Jeffrey R. Anderson Real Estate Inc. to handle the redevelopment of The Mall at Lexington Green near Lexington, Ky. The redevelopment will include the addition of lifestyle tenants, as well as renovations to the roof, signage, building exterior and parking lot and the addition of new fountains, benches, lighting and landscaping.
The Mall at Lexington Green was built in 1986 and contains 168,038 square feet of space. Joseph Beth Booksellers and Whole Foods serve as anchors for the property.
Westwood Financial Opens Atlanta Office, Plans Retail Growth
Westwood Financial Corp. opened a new management office in Atlanta. The move is meant to help Westwood Financial double its Georgia retail portfolio over the next five years. Martha Stocks, a senior property manager with the company, will head the new office. Stocks has more than 12 years of experience in retail property management.
National Realty Embarks on Expansion at Liberty Square Center in Burlington
National Realty & Development Corp. will expand Liberty Square Center in Burlington, N.J. An existing 121,480-square-foot Walmart store at the property will be transformed into a 186,714-square-foot Walmart Supercenter. Party City will be relocated to a larger store. In addition, Anna’s Linens, a new tenant, will lease a 6,321-square-foot space at the center.
Liberty Square Center currently contains 374,692 square feet of space. Anchors at the property include Walmart, Marshalls, Toys ‘R’ Us and Acme.
The expansion project will take place over a period of 12 months and is scheduled to be completed in the spring of 2012.
Ramco Signs Three Big Box Leases at Michigan Properties
Ramco-Gershenson Properties Trust signed three new leases at its shopping centers in Michigan totaling 126,253 square feet. The transactions included:
buybuy BABY signed a lease for a 29,000-square-foot store at Hunter’s Square in Farmington Hills, Mich. The retailer is taking over a space vacated by Borders.
Bed Bath & Beyond signed a 10,154-square-foot expansion lease at Hunter’s Square. The retailer is taking over a vacant Petco space. The lease will bring its total space at the center to 58,619 square feet.
Dunham’s Sports signed a 38,634-square-foot expansion and relocation lease at Lakeshore Marketplace in Norton Shores, Mich. The retailer is taking over a space vacated by Elder-Beerman.
Kohl’s Signsfor Store in Huntsville, Ala.
Kohl’s signed a long-term ground lease with RBJ Signature Holdings LLC for a 64,000-square-foot stand-alone store in Huntsville, Ala. The retailer started construction on the store in March and plans to open its new location in November 2011. The Shopping Center Group represented the landlord in the transaction. UCR Dallas represented the tenant.
Super Beauty Outlet Signs a Lease in Columbus
Super Beauty Outlet signed a lease with South East Investments LLC for a 33,752-square-foot store at 4632 E. Main St. in Columbus, Ohio. Jeff Baur, Micha Bitton and Kevin James, of Cassidy Turley, negotiated this transaction.
Porcelanosa Signs a Lease on Rockville Pike in Chevy Chase
Porcelanosa signed a lease for a 12,500-square-foot store at 11500 Rockville Pike in Chevy Chase, Md. The space was formerly occupied by Anthropologie. Porcelanosa plans to open its new store by the fourth quarter of 2011.
Bob Schwenger, executive vice president, and Sam Pan, leasing associate with JBG Rosenfeld Retail, represented the tenant in the transaction. Jeff Pollack and Kelly Silverman, of Streetsense, represented the landlord.
Restaurant Operator, Catering Hall Sign Leases with TF Cornerstone
TF Cornerstone completed two leases for a total of approximately 20,000 square feet of space at its 505 W. 37th Street property, a mixed-use complex in New York City. Ark Restaurants signed a 10,350-square-foot lease for an undisclosed restaurant concept on the ground floor. Pillars 37 and Pillars 38, a private event venue and catering hall, signed a lease for 9,570 square feet of space.
Steven E. Baker, president, and Josh Singer, associate director with Winick Realty Group LLC, represented the landlord in the transactions. KGW Associates represented Ark Restaurants and Newmark Knight Frank represented the catering hall.
In a separate announcement, The Brodsky Org. appointed Winick Realty Group as the exclusive broker for a 1,600-square-foot restaurant space on Eighth Avenue and a 2,850-square-foot retail space on West End Avenue in New York City. Steven E. Baker and Sam Mann will handle these assignments on behalf of Winick Realty.
Sundance Cinemas signed a lease with The Cordish Co. for an eight-screen movie theater at Bayou Place in downtown Houston. Sundance will take over a space formerly occupied by Angelika. The movie theater has a target opening date of Nov. 1, 2011.
Mid-America Asset Management Inc. negotiated leases with two new tenants at Rice Lake Square in Wheaton, Ill. Yoga By Degrees will open its first, 4,598-square-foot location at the center in the spring. Smashburger will open a 2,200-square-foot store in the summer. In addition, Massage Envy signed a lease renewal for 2,909 square feet of space at the center.
Marget Graham, vice president, and Katie Hennegan, senior leasing representative with Mid-America Asset Management, represented the landlord in the transactions. Marc Rubin, of Zifkin Realty Group, represented Smashburger.
SRS Real Estate Partners appointed Greg Roth as senior vice president and market leader with the firm’s South Florida office. Roth has more than 15 years of experience in commercial real estate. Previously, he worked as managing principal with LDR Realty Partners.
Robert K. Futterman & Associates (RKF) hired Jeremy Ezra as vice president. Ezra will focus on tenant and landlord representation in the New York City area. He has 12 years of experience in retail real estate, including a previous five-year stint as vice president with RKF. Most recently, Ezra served as vice president with Mall Properties.
Combined Properties hired Jessica Berets as assistant general counsel. In her new position, Berets will be responsible for drafting, negotiating and consummating legal documents, including lease agreements with tenants within the firm’s retail portfolio and providing advice to leasing, construction and property management departments. Berets has more than eight years of experience in real estate. Previously, she worked as an in-house counsel with SL Green Realty Corp.
CB Richard Ellis promoted Elsa Heredia to senior associate. Heredia joined the firm in 2006 as an associate.