Simon Property Group Inc. and Woodmont Outlets will start construction on St. Louis Premium Outlets in Chesterfield, Mo. on July 11. Phase I of the project will feature 350,000 sq. ft. of space and 85 stores. It is scheduled to open in the fall of 2013.
“We are excited to bring many of the finest retailers and brands to the area offering incredible value,” said John R. Klein, president of Simon’s Premium Outlets platform in a statement. “We look forward to having this project, our merchants and the community benefit from our regional, national and international outreach.”
Saks Fifth Avenue OFF 5TH will anchor St. Louis Premium Outlets. Other tenants at the property will include Ann Taylor, Brooks Brothers, Elie Tahari, Haggar Clothing Co., Jones New York, Madienform and Tommy Hilfiger. The center is currently more than 60 percent pre-leased.
Regency to Develop New Shopping Center in Seattle
Regency Centers will develop Grand Ridge Plaza, a 280,113-sq.-ft. shopping center in Seattle. Grand Ridge Plaza will be part of Issaquah Highlands, a master planned community. Safeway and Regal Cinemas will anchor the property. Phase I of the center will open in the second quarter of 2012.
Fuller Sears Architects designed the facility, which will feature LEED certification.
“We’re excited about becoming a long-term citizen of Issaquah Highlands, which has become a model for master planned community development due to the diligence of master developer Port Blakely Communities and the City of Issaquah,” said Craig Ramey, senior vice president with Regency Centers, in a statement. “Grand Ridge Plaza is one of the last infill development sites in the area and will benefit from limited competition due to high barriers to entry. We are committed to expanding our presence in the Pacific Northwest through the development of quality shopping centers like Grand Ridge Plaza.”
Jones Lang LaSalle to Lease, Manage Retail Portion of St. Paul Union Depot
Ramsey County Regional Rail Authority (RCRRA) appointed Jones Lang LaSalle as the exclusive management and retail leasing agent for St. Paul Union Depot, a historic rail station in St. Paul, Minn. The facility is undergoing a $243 million transformation. When completed, it will serve as the terminus of Twin Cities’ new light-rail transit line, local bus, taxi and Amtrak services and, eventually, high-speed rail service to Chicago.
“Jones Lang LaSalle shares our vision for Union Depot and is uniquely qualified to help make it a reality from a leasing and management standpoint,” said RCRRA Chairman Jim McDonough in a statement. “We are extremely excited to partner with this best-in-class provider on this important project.”
HomeGoods to Anchor Edgewater Harbor in New Jersey
TJX Cos. signed a lease for a 24,000-sq.-ft. HomeGoods store at Edgewater Harbor in Edgewater, N.J. HomeGoods will anchor the 100,000-sq.-ft. project.
Jerry Welkis, of Welco Realty, represented the tenant in the transaction. Levin Management represented the landlord.
Other Notable News
Petco Animal Supplies signed a lease for a 9,300-sq.-ft. store at Burtonsville Town Square in Burtonsville, Md. The retailer plans to open the new store in early 2013. Andy Feldman, of KLNB Retail, represented the tenant in the transaction. Chris Jones, of BMC Property Group, represented the landlord.
SRS Real Estate Partners hired Adam Gerry as first vice president in its Orlando, Fla. office. In his new position, Gerry will enhance the tenant representation platform and landlord representation services. He has six years of experience in commercial real estate. Prior to joining SRS, he served as vice president of sales and leasing with J. Wayne Miller Co.
Perkowitz+Ruth Architects hired Valdis Ronis as director of its D.C. studio. In his new position, Ronis will co-direct the firm’s efforts in the Eastern region with Associate Principal Joseph Serruya. He has more than 25 years of experience in designing commercial and mixed-use projects. Most recently, he served as principal and regional practice leader with MulvannyG2 Architecture in McLean, Va.
Marcus & Millichap Real Estate Investment Services hired Derek Hargrove as senior associate in its Houston office. In his new position, Hargrove will be responsible for sales of multi-tenant shopping centers throughout southwest Texas. Prior to Joining Marcus & Millichap, he worked at UCR Moody Rambin PAGE.