Cincinnati — Phillips Edison & Company (PECO), an internally-managed real estate investment trust (REIT) and one of the nation’s largest owners and operators of grocery-anchored shopping centers, has released its insights on the top shopping center trends to watch in 2020 as part of ICSC’s New York Deal Making event. As experience continues to drive success, retailers are finding new and innovative ways to make it more fun to shop in-store. Moreover, the increasing demand for custom experiences is leading to a rise in the number of boutique specialty concepts …
property management
Reading, Pa. — Ambius, the global leader in creating enhanced commercial spaces and North America’s largest interior landscape organization, has acquired Marshall Gardens of Lake Oswego, Ore., and Glenn’s Greenery of Ft. Lauderdale, Fla. These acquisitions expand the Ambius presence in the Pacific Northwest and Florida markets to better serve a growing customer base, and further cement Ambius as the nationwide provider of interior landscapes. The deals were finalized in August and September, respectively; terms were not disclosed. Marshall Gardens was founded in 2009 by Abigail Marshall and Patrick Alexander. …
Philadelphia — Global commercial real estate services firm Cushman & Wakefield has welcomed food, beverage and hospitality industry veteran Chef Michael Traud, J.D., Ed.D., to its national Specialty F&B, Entertainment & Hospitality Consulting team. In his new role as specialty food & beverage project management director, Traud will focus on food hall development, operations and programming, strategic restaurant curation, and music and special events procurement for real estate owner and investor clients across the U.S. He will be based in Philadelphia and will work directly with consulting team leaders Phil …
Chicago — Pinstripes, Inc., a best-in-class experiential dining and entertainment concept, has formed a partnership with Simon Property Group that includes new leases for three future locations within the Simon portfolio, in addition to its existing Clearfork development in Fort Worth, Texas (pictured), and a minority equity investment in Pinstripes. The parties have also identified several potential Pinstripes locations at various Simon assets throughout the United States, all to be announced at a later date. Pinstripes currently has 10 locations throughout the U.S., with three new openings slated for 2019 …
Chicago — A new wave of urban, experiential and independent retail concepts catering to changing consumer demands has led to the rise of 100 “Cool Streets” across the U.S. and Canada, according to a report released earlier this mo nth by global real estate services firm Cushman & Wakefield. The firm’s Cool Streets of North America report explores what’s driving the rise of the hottest retail districts across the U.S. and Canada. It outlines the top 20 Cool Streets in depth: Portland (whole city); Austin (whole city); Denver (whole city); …
Roseville, Minn. — Fifty years after it first opened, Rosedale Center plans to significantly expand the center by redeveloping a part of the property to create new housing, a hotel, a grocery store and other new retail space. JLL, Rosedale’s management team, will soon submit formal plans to the City of Roseville, Minn., to begin the process of review and permits for the proposed expansion. The company hopes to begin initial construction work next year on what will be a phased project. “Rosedale Center is a very successful shopping and …
Kissimmee, Fla. — Southeast Centers has secured a new lease for Chipotle Mexican Grill’s first Florida location offering drive-thru service at Rolling Oaks Commons, an approximately 155,547-square-foot power center in Kissimmee, near Orlando in Central Florida. The new drive-thru concept, dubbed ‘Chipotlanes,’ was announced by the Newport Beach, California-based eatery in 2017 and initially rolled out to 10 locations. The new restaurant at Rolling Oaks Commons is expected to open in November and is part of Chipotle’s plan to establish “a few dozen more Chipotlanes in 2019,” an initiative intended …
Chester, N.J. — Levin Management Corporation (LMC) of North Plainfield, N.J., has added another quality Garden State assignment to its retail portfolio. The commercial real estate services firm has been named exclusive managing agent for Chester Springs, an approximately 226,000-square-foot, grocery-anchored shopping center in Chester. Anchored by a 62,000-square-foot ShopRite supermarket, the center’s co-tenancy includes CVS Pharmacy, Marshalls, Panera Bread and independently owned/operated gym NitroFlex. Chester Springs soon will welcome off-price home decor and furniture brand HomeGoods to its lineup, which also features a complementary mix of retailers, restaurants and …
Los Angeles — Unibail-Rodamco-Westfield (URW), a premier global developer and operator of flagship shopping destinations, has revealed details of its global Corporate Social Responsibility (CSR) program — the most ambitious of its kind for a listed retail real estate company. Called “Better Places 2030”, the CSR program will now formally extend to the United States and the United Kingdom, which were a part of the acquisition of Westfield by Unibail-Rodamco last year. Broadly, the program commits URW to reduce its total carbon footprint 50% by the year 2030 across every …
North Plainfield, N.J. — Levin Management Corporation (LMC), a North Plainfield, N.J.-based commercial real estate services firm, has added Erika Toscani as vice president of property management. She brings more than 20 years of property management and industry leadership experience in the New York, New Jersey and Pennsylvania markets to her new position. Prior to joining LMC, Toscani held key management positions at Transwestern and Newmark Knight Frank. In her current role, she will ensure the delivery of Levin’s best-in-class service standards at each of its managed commercial properties, while …