The Whitman family will undertake a 200,000-sq.-ft. expansion at the Bal Harbour Shops in Bal Harbour, Fla. The firm made an agreement with the Church by the Sea, located adjacent to the center, to acquire the land on which the current church stands and use it for the expansion. In exchange, the Whitman family will build a 50,000-sq.-ft. eco-friendly new building for the church on the land it owns at the northwest corner of Bal Harbour Shops’ property. The church will also be provided with free parking at the Bal Harbour Shops.
“My family and I have been in conversations with our neighbors, the Church by the Sea, for the better part of half a century,” said Operating Partner Matthew Whitman Lazenby in a statement. “We are just delighted to have found a solution that allows the church to advance its mission, while affording us the opportunity to finally move forward with our long-awaited expansion.”
Goldstein Group to Lease Crossroads at Eatontown
The Goldstein Group has been appointed as the leasing agent for The Crossroads at Eatontown, a 107,800-sq.-ft. shopping center in Eatontown, N.J. The center currently has 17,500 sq. ft. of available space, with an additional 35,250 sq. ft. to come online in 2013.
The center is set to be renovated, starting in the spring of 2013.
Brixmor Signs a Deal to Bring Walmart Neighborhood Market to Esplanade Shopping Center
Wal-Mart signed a lease with Brixmor Property Group for a 32,906-sq.-ft. Walmart Neighborhood Market store at Esplanade Shopping Center in Oxnard, Calif.
In other transactions, Harbor Freight Tools signed a lease with Brixmor for a 20,196-sq.-ft. store at The Commons at Crystal Lake in Crystal Lake, Ill. Kyle Mayberry, of Cabanban, Rubin and Mayberry, represented the tenant in the transaction. Tracy Salerno represented Brixmor in-house.
Kirkland’s signed a 12,380-sq.-ft. lease with Brixmor for a store at Hilltop Plaza in Virginia Beach, Va. Roland Mackie, of Right Site, represented Kirkland’s in the transaction. Craig Sherby represented Brixmor in-house.
Winick Realty Opens New Office in New Jersey
Winick Realty Group LLC opened an office in Cranford, N.J. Daniel Spector and Tyler Bennett, senior vice presidents and founding partners, will be in charge of the new office. Spector has more than 25 years of experience in retail real estate leasing and asset sales. Bennett has 10 years of experience in the industry.
Winick’s New Jersey office has recently been retained by Vornado Realty Trust as the exclusive leasing agent for some of its properties in the area. In addition, the office serves as exclusive broker in the region for Crunch Fitness, Buffalo Wild Wings, Pep Boys, Wendy’s, Safeguard Self Storage, Jersey Mike’s and Chipotle Mexican Grill.
Other Notable News
Glimcher Realty Trust will rename Town Center Plaza and One Nineteen, two joint shopping centers in Leawood, Kan., as One Nineteen: Town Center Crossing. The centers will be updated with new logos, new signage and a shared property directory.
Whole Foods Market broke ground on a 31,000-sq.-ft. store at WS Development’s Highland Village in Jackson, Miss. The new store is scheduled to open in 2013.
Cushman & Wakefield | Commerce hired Stacy Reid as a member of its retail brokerage team in the Seattle area. Previously, Reid worked for Jones Lange LaSalle.