Real Estate Journal — Shopping Centers — June 24 - July 14, 2016 — 5A
www.marejournal.com
M id A tlantic
S hopping C enters Diverse mixed-use portfolio continues to fuel leasing demand and growth Olshan Properties announces retail highlights
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Flywheel recently opened a 4,500 s/f studio; •At Siegen Lane Market- place in Baton Rouge, LA, bowling anchored entertain- ment chain Main Event En- tertainment signed a 49,810 s/f lease for its first Louisi- ana location with plans to open for business in 2017; •At Akers Mill Square, located in Atlanta, GA., two new tenants signed leases – Bonefish Grill and Sport Clips. As an owner and operator of four asset classes, includ- ing retail, office, hotel and
residential, Olshan Proper- ties has mastered the art of developing multifaceted destinations that appeal to tenants by luring cus- tomers and keeping them on-site. Olshan Properties’ decades-long record of suc- cess in creating true mixed- use destinations of various types and sizes spans ten states and 10 million s/f. In terms of square feet, Olshan Properties’ diverse retail holdings comprise the single largest component of their CRE portfolio. Among Olshan Properties’
diverse retail holdings are award-winning regional, power, and community cen- ters as well as prime urban retail locations. In recent years, Olshan Properties’ commercial portfolio has grown through strategic acquisitions, ground-up de- velopments, new partner- ships and re-development opportunities. To closely manage this portfolio, Ol- shan Properties’ leasing, marketing, operations, capi- tal markets and asset man- agement teams oversee the entire portfolio on a real-
time basis. “Our portfolio incorporates the strongest elements of each individual asset class into the properties that we own and operate, and, as a result, more than half of our retail properties are lo- cated in mixed-use environ- ments. It is abundantly clear that this strategy resonates with our consumers and our tenants, both of whom see mixed-use environments as holding far greater growth potential than any single- use development could of- fer,” said Andrea Olshan. n
EW YORK, NY — With the eyes of the retail world squarely
focused on ICSC ’s annu- al RECon event, Olshan Properties , one of the country’s private owners, developers and managers of mixed-use real estate, reported that leasing mo- mentum remained strong throughout its national com- mercial portfolio during the past six months. “Our core retail portfolio continues to exhibit resil- ience despite the increas- ingly uncertain economic outlook that characterized the start of the year,” said Andrea Olshan , CEO of Olshan Properties. “Com- pared to the first quarter of 2015, our total leasing vol- ume based on the number of retail transactions increased by approximately 24% dur- ing the first quarter of 2016 and much of that activity was generated by a flurry of late 2015 deals,” added Olshan. Highlights from Olshan Properties’ retail portfolio over the past six months include the following trans- actions: •At Bayshore Town Cen- ter in Glendale, Wisc., a new 17,000 s/f Old Navy store was constructed and offi- cially opened in late 2015; •At Kansas City’s Zona Rosa Town Center, Unite Private Networks (UPN), a provider of high-bandwidth, fiber-based communications networks and services, relo- cated its Kansas City head- quarters office to Zona Rosa. The center also announced two new retail tenants to in- clude Pure Barre and Google Fiber Store; •The Shoppes at Webb Gin, located near Atlanta, GA, welcomed several new tenants, including Cigar Bar, Fuzzy’s Taco Shop and Orangetheory Fitness; •The Greene Town Cen- ter, in Dayton, OH., an- nounced new tenants, Ulta Beauty, J. CrewMercantile, World of Beer, and Mattress Firm; in addition, Lulule- mon opened its doors for business in late 2015; •At Mercury Plaza Shop- ping Center in Hampton, VA a new, 22,000 s/f Marshall’s opened in late 2015; •In Midtown Manhat- tan’s Third Ave. at 60th St., cutting edge fitness chain
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