CBL & Associates Properties Inc. and Horizon Group Properties Inc. will begin construction on The Outlet Shoppes at Atlanta, a 370,600-sq.-ft. outlet center in Woodstock, Ga.
The Outlet Shoppes at Atlanta will be located at the newly constructed exit off I-575 at Ridgewalk Parkway and is expected to draw more than 4 million visitors a year. The tenant line-up for the project includes Nike, Saks Fifth Avenue OFF 5TH, Brooks Brothers, White House | Black Market, Guess, Michael Kors, Under Armour, Puma, Converse, Cole Haan, Vans, Le Creuset, Levis, Talbots and Carters, among other retailers. The center will also feature covered walkways and landscaped courtyards, a children’s play area and eight out-lots for restaurants and other uses.
“The groundbreaking of The Outlet Shoppes at Atlanta marks the beginning of what is sure to become a favored retail destination for Atlanta and the surrounding areas as well as tourists,” said Michal Lebovitz, executive vice president of development and administration with CBL. “With the impressive line-up of stores already announced, the excitement continues to build. We are looking forward to celebrating with our partner, Horizon Group, as well as area officials, at the grand opening next summer.”
CBL and Horizon plan to open the center in August 2013. When completed, it expected to generate more than $130 million in annual sales and $3 million in sales and property taxes for the City of Woodstock.
S. M. Wilson to Handle Construction for Cabela’s Stores in Midwest
Cabela’s Inc. appointed S. M. Wilson & Co. to build its two new stores in Louisville, Ky. and Columbus, Ohio. S. M. Wilson will provide pre-construction, construction management and general contracting services for the retailer.
The store in Louisville will contain 88,000 sq. ft. of space, including a mountain display of game animals re-created in their natural habitat, a gun library, an archery range, an aquarium, a warehouse, a bargain cave, a boat shop, a café and conference rooms.
The store in Columbus will contain 80,000 sq. ft. and the same amenities as the Louisville store.
Both stores are scheduled for completion in 2013. Holland Basham Architects is serving as the architect for the Louisville store, while Bergmeyer Associates is the architect for the Columbus store.
Franklin Street’s Retail Group Signs New Clients
Cabela’s and PNC Bank secured the services of Franklin Street retail tenant services group to help them find new locations in the Southeast and the state of Georgia, respectively.
Emil Gullia and Monetha Cobb will handle these assignments on behalf of Franklin Street.
Other Notable News
Equinox Fitness Clubs signed a lease with Wachtler Knopf Equities LLC for a 29,000-sq.-ft. Blink Fitness health club at 121 Broadhollow Rd. in Farmingdale, N.Y. The deal required the landlord to obtain a zoning variance for the office building. Blink Fitness opened for business in March.
The Tile Shop signed a lease for a 21,191-sq.-ft. store at 423 Central Park Ave. in Scarsdale, N.Y. David M. Hochberg, of SRS Real Estate Partners, represented the tenant in the transaction. Monique Ward, of Adirondack Retail Consultants, represented the landlord. The Tile Shop plans to open its new location in the summer.
Eastern Consolidated hired Adelaide Polsinelli as senior director and Robert Khodadadian as associate director. In their new positions, Polsinelli and Khodadadian will focus on investment opportunities. Polsinelli has 25 years of experience in real estate. Previously, she served as an associate vice president with Marcus & Millichap Real Estate Investment Services. In the course of her career, she has sold more than 800 properties totaling over $4 billion, including retail, multifamily and office assets. Khodadadian previously ran his own firm, Skyline Properties. He specializes in off market transactions.
Winick Realty Group LLC hired Kenneth Hochhauser as executive vice president. In his new position, Hochhauser will assist in tenant and landlord representation. He has more than 15 years of experience in commercial real estate. Previously, he served as senior vice president with Newmark Knight Frank.