Monthly Archives: May 2011

Customizable Burger Spot The Counter And Salad Bar Salata To Open at Market Street – The Woodlands

CONTACT

Jenny Taylor
281.419.4770
jtaylor@trademarkproperty.com

THE WOODLANDS, TX (May 17, 2011) – Market Street – The Woodlands continues to expand its offerings of sought-after restaurants as the two popular eateries, The Counter and Salata, prepare to open their doors to shoppers this summer.

Known for its make-your-own burger concept, The Counter offers an extensive list of mouth-watering ingredients including soft-ripened Brie, roasted corn and black bean salsa, grilled pineapple and roasted garlic aioli, just to name a few. The restaurant currently boasts more than 300,000 possible burger combinations!

A variety of side dishes are also featured to complement the custom-made burgers, including French fries, crispy fried onion strings, sweet potato fries, chili, mixed baby green salad and more. As an added bonus, customers will even find spiked adult milkshakes and a full bar inside the industrial-designed restaurant.

Located across the street from Z Gallerie on Market Street’s west end, The Counter will be the restaurant’s second location in the greater Houston area.

Looking for lighter fare? Just next door to The Counter will be Salata, Latin for “salad.” The fast-casual eatery takes a fresh spin on the traditional salad bar by offering salad servers who custom prepare salads or salad wraps for each guest.

“The health-conscious public will find this next generation salad bar to be a home run,” says Market Street marketing director Jenny Taylor.

Diners can choose from over 50 different fresh ingredients, chicken cooked four different ways, various grilled seafood selections and over nine different house-made dressings.

Trademark to Lease And Manage The Shops of Saddle Creek, And Evaluate Expansion Feasibility of Phase 2

CONTACT

Vince O’Toole
817.639.2708
votoole@trademarkproperty.com

FORT WORTH, Texas (May 16, 2011) Trademark Property Company announced today it has been engaged by an institutional owner to lease and manage the Shops at Saddle Creek, a 148,000-square-foot lifestyle center in Germantown, Tennessee. Trademark will also be evaluating the feasibility of a major expansion on adjacent land controlled by Saddle Creek’s owner.

Saddle Creek is located at Poplar Street and Germantown Road in the city of Germantown, the Memphis area’s most affluent suburb. Open since 1987, Saddle Creek is widely regarded to be the first lifestyle center developed in the U.S.

The center is home to the premier list of specialty retailers in the Memphis and Mid-South trade area, including Apple, Anthropologie, Coach, Banana Republic, Chico’s, Ann Taylor and J Crew.

“Saddle Creek is a strategic addition to our growing 3rd Party institutional portfolio and gives us an opportunity to leverage our full service value add capabilities,” said Trademark CEO Terry Montesi. “Saddle Creek is a great brand and has tremendous long-term potential. We are extremely excited our client is considering a near term expansion and densification strategy.”

Five Guys Now Open at Market Street Flowood; Trademark Signs Three New Leases

CONTACT

Steve Bolger
817.584.1633
sbolger@trademarkproperty.com

Five Guys Burger & Fries officially opened at Market Street Flowood on May 16, 2011. The first Five Guys opened in 1986 and has now expanded to over 750 locations in over 40 states and 4 Canadian provinces. Market Street Flowood marks the second Five Guys location in the Jackson, MS metro area.

All The Perks Coffee signed a lease on May 10, 2011 at La Palmera, The Frogg signed a lease on May 6, 2011 at Watters Creek and The Counter signed a lease on May 4, 2011 at Market Street – The Woodlands. All three tenants are expected to open by the end of Summer 2011.

Central Market to Replace Borders at Preston Oaks in Dallas, TX

Preston Hollow-area store will be the specialty retailer’s 9th store.

CONTACT

Aimee Deputy
214.252.5904
deputy.aimee@heb.com

DALLAS – Fans of Dallas, Texas-based specialty food retailer Central Market will soon have a new location to explore. And this store will be unlike any Central Market they’ve seen before.

The specialty foods retailer just announced it has taken space for a ninth location – the fifth for the DFW area – on the southeast corner of Royal Lane and Preston Road in the Preston Oaks shopping center. The space is approximately 30,000 square feet. Residents who frequent the shopping center will recognize the location as the Borders book store, which the chain recently announced it would close.

“Research has shown us – and many of our customers have told us, too – that while we’re a destination store, and they’ll drive from ten, thirty, even more than a hundred miles to shop with us, they’d like us to be more accessible, closer to home,” said Stephen Butt, Senior Vice President of Central Market H-E-B.

“By adding a new, neighborhood-friendly store design to our portfolio, we can start to better respond to our customers’ interests. We believe this is a new way to bring what Central Market offers to more and more customers in the future.”

Butt explained the company has been visiting real estate around the state, searching for just the right location to launch its new store concept.

“We’ve searched for quite a long time for just the right location for our newest store,” said Butt. “In my experience, it seems a location this special, with such an influential and active community surrounding it, is truly a rare find.”

As with its previous eight stores, the company promises the new location will have its own personality and will be designed especially for the neighborhood area it will serve.

Shoppers can expect the dazzling food and drink assortment that is the hallmark of the award-winning grocer. The procurement team at Central Market is already at work to bring new items for customers’ adventures in food.

“We’ve begun traveling for new ideas, design inspiration and food finds to bring to the new store,” said David Lusk, Chief Merchant. “Customers can expect an offering of our most popular items, such as artisan-made breads and desserts, a wide variety of daily meal options created by Central Market chefs, as well as our signature best quality produce, meat, seafood and unique staples.”

The company expects it will be staffed with an estimated 200 food-savvy, customer-service oriented Partners (as Central Market and H-E-B employees are known) that will make the shopping experience an outstanding one for customers.

“This is the newest generation of our Central Market brand, with many new possibilities to re-imagine what we already do well: create the world’s most fun and exciting food shopping experience, in a store that doubles as a community gathering space,” said Butt.

Central Market worked with Terry Montesi of Trademark Property Company when choosing the space.

“I have never had so much interest in any single space in my career,” said Terry Montesi, Chairman and CEO of Trademark. “We had several great merchants express serious interest in replacing Borders, but in the end I felt like Central Market, and what HEB will create for this neighborhood, will be the perfect long-term fit.”

“The location find is actually bittersweet,” shared Butt of the news that the Borders store would be closing its doors. “That’s been the family bookstore for me and my wife and our daughters for more than ten years. We’re disappointed to lose it but, at the same time, we’re excited to bring a cool new food destination to this part of Dallas.”

This newest Central Market store is currently slated to open just before the holiday season.

About Central Market 
When it debuted in Austin, Texas in 1994, Central Market’s serpentine-flow, full-view European-style layout created a completely new food shopping experience – never before offered with such entertainment and excitement. A bountiful produce department with unmatched quality and variety, a vast seafood case with selections flown to Texas from around the globe, hundreds of cheeses, and well-stocked stupendous specialty grocery aisles are among the exclusive features that make the Central Market experience unique. The retailer has eight locations in Texas. Beginning with the opening of its Fort Worth location in 2001, Central Market has grown to four stores in the DFW area: Fort Worth, Plano, Southlake and Dallas. For more information and location details, visit www.centralmarket.com.

About H-E-B
H-E-B was founded in Kerrville, Texas in 1905 with a single grocery store. For more than 100 years, H-E-B has been an innovative retailer known for low prices, fresh food, quality products and convenient services. The company has grown to more than 315 stores in Texas and Northern Mexico with more than 71,000 employees. It conducts a wide range of efforts geared toward helping the community and the environment. H-E-B is one of the largest food chains in the United States, with annual sales more than $15 billion, and is the largest privately held company in Texas. For more information, visit www.heb.com.

About Trademark
Trademark Property Company is an operator, investor and developer of enclosed regional malls, mixed-use town centers, and specialty, community and power centers. Trademark partners with commercial real estate owners, investors and retailers to unlock the full potential of their investments. Since 1991, Trademark has invested in or developed over 10 million square feet of retail and mixed-use assets worth over $1 billion. Based in Fort Worth, Texas, Trademark’s experienced team currently operates more than 5 million square feet. For more information, visitwww.trademarkproperty.com.

FACE-LIFT For Santa Fe Place

$30 Million Renovation Will Make It Premier Destination

CONTACT

Kiera Hay
Journal Staff Writer
Albuquerque Journal
505.992.6290
khay@abqjournal.com

Santa Fe Place may be on the verge of a multimillion dollar renovation aimed at taking it from a retail also-ran to northern New Mexico’s premier shopping destination.

“The goal is, No. 1, is for this mall to be relevant again and an integral part of the community and with the right mix of merchants and the right mix of community space, to (take it) where the community will just love this place,” said Tommy Miller, president of Trademark Property Co., owners of the mall.

The renovation is expected to cost between $30 million and $40 million and could take place as soon as next year. Preliminary ideas include an outdoor promenade, sit-down restaurants and a new food court, as well as a redesign that offers a lot more glass and natural sunlight.

New entrances are also on the table, and the exterior would probably have a more urban look than most buildings in the City Different.

“It’s not the Santa Fe Plaza or Old Town Albuquerque. It’s a little bit edgy, but it’s warm, contemporary architecture that relates to the community,” Miller said.

Ultimately, the mall’s new owners hope to make the mall a city center with broad appeal that locals and tourists alike will visit even without a specific shopping objective, Miller said. In particular, the company wants the space to fill a niche for the south Santa Fe community.

Trademark, in partnership with a private equity firm, purchased Santa Fe Place nearly a year ago. At the time, Miller told the Journal that merchandising and sales performances at the mall were poor, and about a third of the space at the 571,238-squarefoot shopping center was vacant.

Miller described the mall as “in pretty bad shape” and promised that a revival was in the works.

Trademark is now working to assemble the right mix of tenants — “the redevelopment can only happen if we have enough new leases with retailers,” Miller said.

A centerpiece is the now vacant Mervyn’s building, which the company recently purchased for just over $4 million. Miller declined to provide the names of potential lessees. It’s still unclear whether one retailer will occupy the entire space or if it will be split into smaller parcels, he said.

Miller also said one of the mall’s current department stores — identified on the company’s website as Dillard’s — is interested in expanding and renovating “under certain conditions.”

The overall renovation will likely occur in stages. “The tenants aren’t all going to close,” Miller noted, so there will be “a sort of sequence of openings, not some grand opening.”

Miller recalled living in Santa Fe during the 1990s, and said he remembers Santa Fe Place, then known as Villa Linda, as a “vibrant” place.

“For whatever reason, this mall has just gone downhill for so long. Right now, it’s not really relevant to the community. It doesn’t have great restaurants. It doesn’t have all the attributes you would want,” he said.

Gregory Greenfield & Associates bought the mall in 2004 and proceeded to renovate it. Babcock & Brown bought it in 2007.

A focus group of about 20 people organized by Santa Fe Place management provided some insights for the new plans. Group members told managers that local shoppers have serious safety concerns about the mall, often bypassing Santa Fe Place in favor of shopping in Albuquerque, and they are “disenchanted” with the mall’s name, condition and previous owners.

While a rebranding scheme includes several new name possibilities, a moniker mentioned on the company’s website is Las Ramblas, after the famous boulevard in Barcelona, Spain.

Santa Fe’s Land Use Director Matthew O’Reilly said mall planners have discussed their ideas with municipal officials, but haven’t yet submitted any formal documents or applications.

“This mall has not evolved with what customers want. It hasn’t even tried. Once we complete it, it has to be on a track where it evolves every year on a sustainable course,” Miller said.

To see the full article:http://epaper.abqjournal.com/Olive/ODE/AJEDITIONS/SaveForOffline.htm?doc…

Trademark Relaunching WestBend Mixed-Use Development

CONTACT

Nellie Simpson
817.810.5307

FORT WORTH, Texas (May 5, 2011) – Trademark Property Company, the Fort Worth-based real estate Services, Investments and Development firm, is relaunching its WestBend mixed-use development in Fort Worth, Texas.

The move comes after strategically halting construction in fall of 2008 to wait for a recovery in the retail market. In the next few months we hope to be in a position to complete the seven-level garage providing 798 parking spaces to serve the existing office buildings and restaurants. Additional new retail construction is slated to begin in mid-2012 with a grand opening projected for late 2013.

The company is also pushing ahead with a renewed leasing effort and will be seeking a hotel developer. Current tenants include Smashburger, Zoe’s Kitchen, Silver Fox and the River Plaza office tenants. Upon completion, WestBend will include 90,000 square feet of retail, 150,000 square feet of office space and 130 hotel rooms.

“We are experiencing extremely strong interest from retailers and believe the market has recovered to a point where the project is a reality,” said Trademark Chairman – CEO Terry Montesi. “We are excited to be back on track with WestBend as there is significant pent-up demand for this part of Fort Worth.”

Since Trademark ceased WestBend construction in 2008, key tenants have moved into the University district including Apple, Anthropologie, lululemon and Brighton, making the area one of Dallas-Fort Worth’s strongest infill retail corridors.

About Trademark 
Trademark Property Company is an operator, investor and developer of enclosed regional malls, mixed-use town centers, and specialty, community and power centers. Trademark partners with commercial real estate owners, investors and retailers to unlock the full potential of their investments. Since 1991, Trademark has invested in or developed over 10 million square feet of retail and mixed-use assets worth over $1 billion. Based in Fort Worth, Texas, Trademark’s experienced team currently operates more than five million square feet. For more information, visitwww.trademarkproperty.com.