8A — June 23 - July 13, 2017 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
S hopping C enters
Bed Bath & Beyond renewed its lease for 36,470 s/f of retail space Joseph Farina and Gerald Divaris of DRE’s DC office negotiates renewal inManassas’ Parkridge
anassas, VA — Di- varis Real Estate, Inc . (DRE) , an - nounced the completion of the following retail leases: Bed Bath & Beyond renewed its lease for 36,470 s/f of retail space in the Divaris-leased and -managed Parkridge Shopping Center located at 11060 Bull- och Dr. in Manassas. DRE’s Joseph Farina and Gerald Divaris represented the land- lord in the lease negotiations. Other tenants in Park Ridge include: Regal Cinema, Kohl’s, Duluth Trading Co, Cacique/ Lane Bryant, Old Navy and M
Famous Footwear. Purify infrared sauna leased 1,673 s/f of retail space in the Divaris-leased GreenGate lo- cated at 12121 West Broad Dr. in Richmond. GreenGate is a 70-acre, mixed-use com- mercial development under construction with 100,000 s/f of retail anchored by a 36,000 s/f Lidl grocery store and a half dozen restaurants including: West Coast Provisions, The Daily Kitchen & Bar, Red Salt Chophouse & Sushi, Starbucks, MellowMushroom and retailers Carytown Bicycle Co, CycleBar, and Polished Nail Salon. DRE’s
Peter Vick and HarrisonHall represented the landlord in the lease negotiations. Petite Red Nails extended its lease for 1,021 s/f of retail space in Gold’s Gym Plaza lo- cated at 8906 West Broad Dr. in Richmond. Vick and Hall represented the landlord in the lease negotiations. Other tenants in the property include: Gold’s Gym, Regal Cinema, For Eyes and Gelati Celesti. n Union Investment RE reinforces its activities in the North American retail markets Hamburg/NYC — Union Investment Real Estate GmbH has reinforced its in- ment’s team based in New York City on May 1st. Ms. Merritt will be in charge of expanding Union Investment’s existing re- tail portfolio in the U.S. as well as investigating market entry opportunities in Canada. In her retail capacity, Ksenyia Merritt reports to Henrike Waldburg, who is heading the company’s retail investment department based in Hamburg/Germany. Union Investment currently holds some 80 retail properties in its portfolio. Already active in the US office markets for over 30 years, the company en- tered the U.S. retail sector last year by purchasing a 49% stake in four retail properties in NY, Philadelphia and San Francisco via a joint venture with TIAA Global Asset Management. Merritt brings twelve years of commercial real estate experi- ence with a speciality in retail. Kseniya joins the company from Brixmor Property Group, where she ran the capital re- cycling program for the South Region of the company consist- ing of 154 shopping centers. Prior to that, she spent ten years at a private equity firm, Lamar Companies, where she focused on retail and was re- sponsible for deal sourcing, due dilligence, and securing of equity and debt financing for the transactions. n Kseniya Merritt vestment ac- tivities in the North Ameri- c a n r e t a i l markets by hiring retail expert Kseni- ya Merritt . Merritt joined Union Invest-
Bed Bath & Beyond
Ethan Allen Marlboro, NJ
Xscape Theater Howell, NJ
Greenleaf Howell, NJ
Howell Commons Howell, NJ
Walgreens Staten Island, NY
TJ Maxx Woodbridge, NJ
Building Quality, Value and Trust 4900 Route 33, Suite 101, Wall Township, NJ 07753 732.933.0707 www.gerardconstructioncorp.com
Made with FlippingBook Online newsletter