Responsibility for maintenance obligations should be carefully considered and thoroughly negotiated.
property management
Philadelphia and Hicksville, N.Y. — Retail real estate services firm Levin Management of North Plainfield, N.J., has added two shopping centers — on behalf of two new clients — to its portfolio. The assignments total more than 250,000 square feet in Pennsylvania and New York.
Bethesda, Md. — EDENS, one of the nation’s largest owners and developers of community shopping centers, has appointed Rob Wyant as chief operating officer. He brings over 30 years of experience in the retail real estate industry, with most of his career spent at General Growth and Westfield.
Southfield, Mich. — Continuum Services, a single-source, full-service building maintenance and facility services company, has hired Dan Ringo as chief operating officer (COO). Continuum is an affiliated company of REDICO, a national real estate development, investment, construction and property management company.
Honolulu — JLL has been retained to manage and handle accounting services for The Shops at Wailea in Maui, Hawaii, on behalf of a global real estate investment firm. The recently acquired 176,229-square-foot retail destination is located in the heart of the affluent Wailea Resort. The property boasts global luxury retailers including Louis Vuitton, Prada, Gucci, Bottega Veneta, Rolex and Tiffany & Co., with Island Gourmet Market launching in September.
Paramus, N.J. — Tuesday Morning, a national off-price retailer of home accessories, housewares, seasonal goods and gifts, recently celebrated its grand opening at Paramus Place in Paramus. The 261,000-square-foot Bergen County shopping center is exclusively leased and managed by Levin Management.
Chicago and Milwaukee — HSA Commercial Real Estate has executed a lease with J. Crew to open the retailer’s second Mercantile branded store in the country at The Mayfair Collection shopping center (pictured) in Wauwatosa, Wis. J. Crew Mercantile will be located between Ulta and Men’s Wearhouse in the project’s first phase. J. Crew announced earlier this year that the company is opening its first Mercantile store at the Nordstrom Rack-anchored The Shops at Park Lane in Dallas.
San Francisco — In response to an increased demand for retail property management services, JLL has agreed to acquire Shelter Bay Retail Group, a retail property management firm based in Mill Valley, Calif. The addition of Shelter Bay’s 74 urban and suburban, open-air shopping centers is expected to increase JLL’s third-party retail property management portfolio in the United States by 6.5 million square feet to a total of 83.5 million square feet.