Jones Lang LaSalle purchased New York-based project management firm Quartararo & Associates in September for an undisclosed amount. Quartararo & Associates has managed developments like the Time Warner Center and the 1.1-million-square-foot Five Times Square. Ray Quartararo, former president of Quartararo & Associates, will become a managing director at Jones Lang LaSalle and will oversee Northeast operations for the company's Project Development and Services division.
Commercial real estate developer Dickinson Development opened the $90 million Crossing at Walkers Brook in Reading, Mass., built on top of a former landfill. The center's first phase includes a 140,000-square-foot Home Depot, and a Jordan's Furniture store with an IMAX theater. The 70,000-square-foot Phase II will be finished by year's end.
Real estate development and investment management firm Wolfson Verrichia Group has begun redevelopment on the former Blackhorse Pike Shopping Center in Audubon, N.J., which will be renamed Audubon Crossings. Wal-Mart, Staples and AJ Wright will anchor the new 475,000-square-foot-center. Wolfson Verrichia also plans to redevelop an adjacent 110,000-square-foot center anchored by ACME Supermarket that will be renamed Audubon Commons. Both centers are scheduled to open in the summer of 2005.
Jeffrey R. Anderson Real Estate has opened Deerfield Towne Center in Mason, Ohio, a 420,000-square-foot lifestyle shopping center in the northeastern suburbs of Cincinnati. Anchors include Bed Bath and Beyond, Wild Oats and Borders Books. Ford Architects of Columbus were the center designers.
Independent real estate firm Robert K. Futterman & Associates will serve as the exclusive leasing agent for the remaining 40,000 square feet of retail space in the 1.1-million-square-foot mixed-use City Center at White Plains in White Plains, N.Y. Current tenants include Target, Circuit City and Barnes & Noble.
Chicago-based McCaffery Interests has purchased an 87-acre parcel of the former Myrtle Beach Air Force Base in Myrtle Beach, S.C., for a retail urban village. The new development also will include residences, parking and recreation. The Air Force Base Redevelopment Authority spent $30 million in public infrastructure improvements.
Fain Signature Group is building the 37-acre Prescott Valley Entertainment Center in Prescott Valley, Ariz. — a mixed-use center that will serve as the area's downtown. Phase I, set for completion by year's end, and will include 240,000 square feet of retail and office space with stores such as Walgreen's, Sprint and Golf Etc. The center also will house Prescott Valley's town hall, a public library and Harkins Prescott Valley 14 luxury theaters.
KLNB Retail has brokered a $40 million-plus sale of four grocery-anchored shopping centers in Maryland for Elysian Partners with more than 300,000 square feet of space. The centers include: the 71,896-square-foot Shoppers at Owings Mills in Owings Mills to Albany Avenue and SFW Strip for $13.9 million, the 61,817-square-foot Shoppers at Quarterfield in Severn to Inland Western Severn for $9.7 million, and the 107,000-square-foot Shoppes at Antietam in Hagerstown to Washco Development for $11.9 million. Another property, the 65,000-square-foot Metro Food Market at Perry Hall, was sold to Faith Fellowship Church for $5.45 million, which will use the unoccupied food store as a church and religious school.
Design and technical services firm BL Cos. has named Robert Eitel as director of its Baltimore office to oversee growth in the mid-Atlantic states. Eitel was most recently branch manager of Bowman Consulting Group's Annapolis office.
International real estate investment company Equity International Properties has promoted Ira Chaplik from executive vice president and general counsel to chief operating officer. The company also promoted Christopher Fiegen to chief financial officer from senior vice president. Chaplik first joined the company in 1989, while Fiegen joined in 1997.
Tienken Partners is developing a 107,000-square -foot lifestyle center in Rochester Hills, Mich., that will be called City Walk at Rochester Hills. Built on a 12.4-acre site near downtown Rochester Hills, the center will be anchored by a Walgreen's, Comerica and Carrabba's Italian Grill. City Walk also will feature over 6,000 square feet of office space above the retail shops. Tienken is a partnership between Paul Aragona, president of Aragona Properties, and Paul Henderson of St. Clair Shoes.
The Arthur Pearlman Corp. and Rancon Real Estate have selected Minneapolis-based KKE Architects to design a new 330,000-square-foot power center in Murrieta, Calif., which will be named the Village Walk in Murrieta. Tenants at Village Walk include Bed, Bath & Beyond, David's Bridal and Office Depot. Off-site work on the project began in August, and the first buildings will open by October 2005.
Cleveland-based Real Estate Investment Trust Developers Diversified has started construction on a new 45,000-square-foot office building in Beachwood, Ohio, adjacent to the company's current headquarters. With completion slated for August 2005, the building will be able to hold 270 employees. Diversified said it plans to move the remaining area employees from the company's two other Cleveland locations into the new building.