Retail Traffic

Other Transactions

Los Angeles-based CB Commercial/Koll Management Services has been awarded the exclusive leasing contract for Triangle Square in Costa Mesa, Calif., by Capital & Counties U.S.A. Inc., a subsidiary of London-based Liberty International. The 200,000 sq. ft. specialty center is anchored by NikeTown, Virgin Megastore, Gap, Barnes & Noble and Edwards 8 Cinema complex.

On behalf of Eckerd Drugs, New York-based Excess Space Disposition Inc. has subleased a 6,720 sq. ft. space in Flagler Regional Plaza in Palm Coast, Fla., and an 8,640 sq. ft. space in O'Neal Plaza in Baton Rouge, La., to Dollar General. The company also has subleased an 8,640 sq. ft. space in North Richland Hills, Texas, to American Tile Supply. On behalf of Payless ShoeSource, Excess Space Disposition has sold a 3,713 sq. ft. freestanding building on a .78-acre site in Toledo, Ohio, to Toledo-based Woodville-Secor Properties Inc.

Chicago-based Millennium Properties Inc. sold by auction seven former Handy Andy and Central Hardware stores. The stores, ranging in size from 53,760 sq. ft. to 91,458 sq. ft., are located in Memphis (two sites), Toledo, Ohio (two sites), St. Louis, Grand Rapids, Mich., and Merrillville, Ind.

ID8, the entertainment and thematic design division of RTKL Nevada Corp. (a division of Los Angeles-based RTKL), has been awarded the conceptual and thematic design contract for Desert Passage at Aladdin in Las Vegas by San Diego-based TrizecHahn Centers. The $213 million, 450,000 sq. ft. specialty retail and entertainment project will be part of the redevelopment of the Aladdin Hotel and Casino. Desert Passage will have distinctly themed areas through which visitors will continue on an "exotic odyssey of adventure," says Paul Jacob, ID8 managing director. "We're choreographing every step of the journey, and scripting the interplay of space, light, sights, sounds and smells, so that the guest becomes totally immersed in the experience."

Insignia Financial Group Inc. recently adopted the Insignia/ESG name for all its commercial real estate services operations nationwide.

Previously, the Greenville, S.C.-based company's commercial operations were split into two groups: Insignia/ESG, its brokerage and transactional services subsidiary in the Northeast and Arizona; and Insignia Commercial Group, which managed property and represented owners in major markets across the country.

"The implementation of our national expansion plans over the past 12 to 18 months has convinced us of the need for a single, unified brand under which to conduct our business," says Stephen B. Siegel, president and CEO of Insignia/ESG.

Existing Insignia Commercial Group offices will convert to the Insignia/ESG identity on a market-by-market basis. The Chicago office initiated the name change following the merger of its Insignia/FC&S operations with Chicago-based Goldie B. Wolfe & Co., which Insignia acquired earlier this year.

Insignia/ESG provides brokerage, consulting and investment sales capabilities in major markets. The company has a national property management and leasing portfolio of more than 160 million sq. ft.

In the parking and paving article in February, a product from Sharon Hill, Pa.-based PRT Group was mis-represented. The BCR2000 Rejuvenator/Sealer (shown) is a one-step chemical process that rejuvenates asphalt pavement. A coaltar-based rejuvenator/sealer, it is applied with specialized equipment and has a black finish.

In the Hallmark Gold Crown Stores profile in February, the retail network of 5,000 card/specialty stores was incorrectly labeled as a franchise business. A vast majority of these stores are independently owned and operated, and no initial or annual fee is paid to Hallmark.

In the "Transactions" department of the February issue, RIPCO Real Estate was incorrectly cited as an exclusive leasing agent for new Toy "R" Us sites in the greater Philadelphia and northeastern Pennsylvania markets.

Shopping Center World regrets these errors.

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