Monthly Archives: May 2016

Saddle Creek announces three new tenants

Memphis Business Journal
Written By: Meagan Nichols

Saddle Creek just announced three new tenants.

American Threads, Sephora and Sur La Table have all signed leases for space in Trademark Property Co.’s Germantown shopping center.

“This is an exciting time for Saddle Creek, and we’re pleased that Sur La Table is joining the growing list of new tenants that have chosen our lifestyle center to open their first Tennessee locations,” said Terry Montesi, CEO of Trademark Property Co., in a release. “Additionally, we know our customers will agree that American Threads and Sephora are wonderful additions to the Saddle Creek shopping experience.”

Atlanta-based American Threads will occupy a roughly 2,000-square-foot tenant bay in Saddle Creek North, adjacent to the Janie and Jack store. American Threads is scheduled to open in late 2016. The San Francisco-based beauty chain Sephora is also expected to be up and running in late 2016, will have a 5,700-square-foot store in Saddle Creek South next to Michael Kors.

Sur La Table, a Seattle-based kitchen supply retailer, will open the doors on its 5,800-square-foot store in the lifestyle center located in Saddle Creek South next to Brooks Brothers, in 2017. This will mark the first location in Tennessee.

Already announced tenants that include Grimaldi’s Pizzeria, Paper Source and Sleep Number will open in Saddle Creek this summer.

The 173,000-square-foot Saddle Creek shopping center originally opened in 1987 and is currently wrapping up a massive, multiyear remodel.

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Trademark Property Co. welcome American Threads, Sephora and Sur la Table to Saddle Creek

Media Contact:
Heather Danielson, 901.753.4293

Sur La Table selects Saddle Creek for their first Tennessee store

GERMANTOWN, Tenn. (May 20, 2016) – Trademark Property Co., the operating partner for Saddle Creek, has announced that three new tenants are joining the center.

American Threads, an Atlanta-based clothing brand with a carefully curated collection of apparel at price points that appeal to everyone, will open a 1,995-square-foot store in late 2016. The store will be located in Saddle Creek North next to Janie and Jack.

Sephora, a leader in global beauty retail with over 2,000 locations in 31 countries, will open a 5,701-square-foot store at the center in late 2016. The store will be located at Saddle Creek South next to Michael Kors.

Sur La Table, the kitchen-supply store for those with a passion for cooking and a love for food, will open a 5,807-square-foot store at the lifestyle center in 2017. The store will be located in Saddle Creek South next to Brooks Brothers.

“This is an exciting time for Saddle Creek, and we’re so pleased that Sur La Table is joining the growing list of new tenants that have chosen our lifestyle center to open their first Tennessee locations,” said Terry Montesi, CEO, Trademark Property Co. “Additionally, we know our customers will agree that American Threads and Sephora are wonderful additions to the Saddle Creek shopping experience.”

American Threads is known for its trademark refined Americana flair, and will carry everything from edgy/cool vintage-inspired tees, to floaty, boho-chic dresses. The shop features handpicked pieces from an ever-expanding group of brands like Show Me Your MuMu, Stillwater, Amuse Society and Black Orchid denim. The store will also host pop-up shops that feature local artists and handmade, artisan goods.

Sephora gives clients the opportunity to play with over 14,000 products from 200 carefully curated brands, featuring indie darlings, emerging favorites, trusted classics, and SEPHORA’s private label, SEPHORA COLLECTION. Clients also receive personalized recommendations from the IQ system, and can explore different looks with makeovers, complimentary classes, hands-on events, and one-on-one consultations at the iconic Beauty Studio.

“We are thrilled to open a Sur La Table store in Germantown, bringing jobs to the area and satisfying the needs of residents who share our passion for cooking,” says Diane Neal, CEO of Sur La Table. “Our stores offer an unparalleled selection of exclusive and premium quality goods for the kitchen and dining table and we’re excited to bring our store and lauded culinary program to the Germantown community. As one of the largest avocational cooking programs nationwide, we will be offering a diverse and exciting schedule of hands-on cooking classes, led by classically trained chefs.”

Other new shops at Saddle Creek set to open this summer are Grimaldi’s Pizzeria, Paper Source and Sleep Number.

About Saddle Creek

Saddle Creek is a 173,000-square-foot outdoor lifestyle center located in Germantown, Tennessee, the Memphis metro area’s most affluent suburb. Considered to be the first lifestyle center in the U.S. since opening in 1987, Saddle Creek is home to a collection of more than 40 fashion and specialty retailers in the Memphis and Mid-South trade area, including Anthropologie, Apple, Banana Republic, Brooks Brothers, Chico’s, Free People, J. Crew, Madewell and Michael Kors. Trademark Property Co. has been responsible for managing and leasing the property since May 2011. For more information, visit shopsofsaddlecreek.com or follow Saddle Creek on Facebook, Twitter and Instagram.

About Trademark Property Co.

Trademark Property Co. is an operator, investor and developer of award-winning, mixed-use town centers, specialty, community, power centers and enclosed regional malls. Since 1991, the Fort Worth, Texas-based Trademark has invested in, or developed over 11.5 million square feet of retail and mixed-use assets worth over $2 billion. Trademark’s experienced team of 100 employees is responsible for more than 6.2 million square feet of retail and mixed-use projects currently in operation or development/redevelopment, including: Alliance Town Center (Fort Worth, Texas), Burr Ridge Village Center (Chicago, Ill.), First Street Napa (Napa, Calif.), Glades Plaza (Boca Raton, Fla.), Hillside Village (Cedar Hill, Texas), La Palmera (Corpus Christi, Texas), Market Street Flowood (Flowood, Miss.), Market Street – The Woodlands (The Woodlands, Texas), Rice Village (Houston, Texas), Saddle Creek (Germantown, Tenn.), The Shops at La Palmera (Corpus Christi, Texas), Victory Park (Dallas, Texas), Waterside (Fort Worth, Texas), Watters Creek (Allen, Texas), and WestBend (Fort Worth, Texas). For more information, visit www.trademarkproperty.com or interact on Facebook, Twitter and Instagram.

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Millions of square feet of shops, restaurants on the way in D-FW

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Fort Worth’s Waterside development is one of the largest retail projects under construction in North Texas, according to Marcus & Millichap.

Dallas Morning News
Written By: Steve Brown, Real Estate Editor

Almost 4 million square feet of new retail space is on the way in North Texas.

And more than half of it will be ready this year, according to a report from Marcus & Millichap Inc.

The commercial real estate firm just released its second-quarter survey of the Dallas-Fort Worth shopping center market.

The biggest shopping center completed so far in 2016 is the 176,000-square-foot Waxahachie Marketplace on U.S. Highway 77.

Marcus & Millichap predicts that total retail building additions in the D-FW area this year will be 2.5 million square feet — about half of what hit the market in 2015.

Total retail vacancy in North Texas is the lowest in a decade — less than 10 percent.

“The Dallas-Fort Worth Metroplex economy is booming as companies expand and move to the area, bolstering tenant demand and retail development,” the shopping center survey says. “While retail construction activity has not returned to pre-recession levels, builders have been consistent and inventory has expanded 6 percent since 2009.”

“A strong pace of development will continue this year and the Metroplex will be one of the top markets for retail completions in 2016.”

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Trademark closes on WestBend tract; bringing Ascension coffee to Cowtown

 

Dallas Business Journal
Written By: Candace Carlisle

Fort Worth-based developer Trademark Property Co. has formally closed on the acquisition of a 3.5-acre tract contiguous to its 278,000-square-foot WestBend mixed-use development along the Trinity River within Fort Worth’s University District.

The deal closes as Trademark Property Co. has signed two new restaurant and retailers — Dallas-based Ascension Coffee and Dear Hannah — that will make their foray into Cowtown with these deals.

Ascension Coffee announced Monday it planned to open a restaurant and large patio at Thanksgiving Tower in downtown Dallas and appears to be in expansion mode. And they aren’t the only ones expanding in WestBend.

The expansion site is currently occupied by a Hawthorn Suites. Trademark Property is underway on conceptual plans to develop it into additional mixed-use with ground-floor retail, a signature hotel and apartments.

“We’re seeing a significant leasing momentum at WestBend, and the acquisition of land to the south allows us to continue to build on that momentum by offering greater frontage on University Drive and the Trinity Trails, added retail and restaurant space, along with a boutique hotel and multi-family units, both of which we see high demand for in the market” said Trademark CEO Terry Montesi, in a statement.

Montesi said he believes the expanded WestBend development along Fort Worth’s Trinity River is one of the best pieces of real estate in North Texas.

Ascension Coffee, a coffee and wine bar, has signed a lease for 2,420 square feet of retail space. Dear Hannah has signed a lease for 1,354 square feet of storefront. Each concept plans to open at WestBend this fall.

The two retailers join Drybar, HG Sply Co., Core Power Yoga, Zoe’s Kitchen and East Hampton Sandwich Co. among others at WestBend, which is undergoing a massive transformation.

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Trademark Property Co.’s WestBend adds two new tenants, closes on 3.5-acre expansion to double the size of the project

Media Contact:
Maggie Holley, 214-373-1601

Drybar now open

FORT WORTH, Texas (May 17, 2016) – Development milestones continue at WestBend, Trademark Property Co.’s 278,000-square-foot mixed-use development in Fort Worth’s University District. The property will welcome two new tenants this fall – Ascension and Dear Hannah – and has formally closed on the acquisition of a 3.5-acre tract contiguous to WestBend.

The acquired parcel is located on University Drive immediately south of WestBend, along the Trinity River. Conceptual planning is underway to develop additional mixed-use space featuring added ground floor retail, a signature hotel, and multi-family units. Currently, the site is occupied by a Hawthorn Suites.

Along with the expansion announcement, WestBend continues to add new tenants, including Drybar, which recently opened at the property. In addition, Ascension, a popular Dallas Design District coffee and wine bar, will open a 2,420-square-foot store overlooking the Trinity River and Trinity Trails this fall, and women’s clothing and accessories boutique, Dear Hannah, will open its third location, a 1,354-square-foot store this fall. WestBend will be the first Fort Worth location for both tenants.

“Trademark has been fortunate to bring a number of tenants that are new to the Fort Worth market to WestBend, and we’re pleased to continue that trend with Ascension and Dear Hannah,” said Terry Montesi, CEO, Trademark Property Co. “We’re seeing significant leasing momentum at WestBend, and the acquisition of land to the south allows us to continue to build on that momentum by offering greater frontage on University Drive and the Trinity Trails, added retail and restaurant space, along with a boutique hotel and multi-family units, both of which we see high demand for in the market. We believe that the ten acres on which the expanded WestBend sits is one of the best pieces of real estate in DFW.”

WestBend is currently undergoing a redevelopment, which includes adding new retail, restaurants and office space. Along with Drybar, Tyler’s opened at the property this spring, joining existing tenants Zoë’s Kitchen, East Hampton Sandwich Co., Core Power Yoga, Pax & Parker, Woodhouse Day Spa, and Silver Fox. In addition, HG Sply Co. will open this summer, complete with a 5,000-square-foot patio on the Trinity River and Trinity Trails.

The existing WestBend currently houses 278,000 square feet of office and retail space, including a new 57,000-square-foot, Class A building above ground floor retail.

WestBend’s redevelopment is designed to align with the principles of Trademark’s Conscious Place initiative, a stakeholder-driven development model that aims to ensure that its properties are more than just places of commerce, but also places of community and meaning. In support of this initiative, Trademark is incorporating features and amenities designed to educate, inspire and engage all patrons, including a public art program with works commissioned by local artists, Trinity River and Trinity Trails integration, bike racks, upgraded landscaping, valet, free structured parking, and generous outdoor seating areas on the Trinity River and Trinity Trails.

For more information about WestBend, visit westbendfw.com or follow WestBend on Facebook, Twitter and Instagram.

About Trademark Property Co.

Trademark Property Co. is an operator, investor and developer of award-winning, mixed-use town centers, specialty, community, power centers and enclosed regional malls. Since 1991, the Fort Worth, Texas-based Trademark has invested in, or developed over 11.5 million square feet of retail and mixed-use assets worth over $2 billion. Trademark’s experienced team of 100 employees is responsible for approximately 6 million square feet of retail and mixed-use projects currently in operation or development/redevelopment, including: Alliance Town Center (Fort Worth, Texas), Burr Ridge Village Center (Chicago, Ill.), Glades Plaza (Boca Raton, Fla.), Hillside Village (Cedar Hill, Texas), La Palmera (Corpus Christi, Texas), Market Street Flowood (Flowood, Miss.), Market Street – The Woodlands (The Woodlands, Texas), First Street Napa (Napa, Calif.), Rice Village (Houston, Texas), Saddle Creek (Germantown, Tenn.), The Shops at La Palmera (Corpus Christi, Texas), Victory Park (Dallas, Texas), Watters Creek (Allen, Texas), Waterside (Fort Worth, Texas), and WestBend (Fort Worth, Texas). For more information, visit www.trademarkproperty.com or interact on Facebook, Twitter and Instagram.

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New restaurant and retail venues on the way at Dallas’ Victory Park

 

Dallas Morning News
By: Steve Brown, Real Estate Editor

Victory Park is ramping up its restaurant and retail offerings, with a new restaurant, a café and retail emporium.

The development on the northwest edge of downtown has formed a venture with Dallas restaurateur Tristan Simon to create the new Victory Park venues.

Simon’s company – Rebees – has been hired to help with marketing and food and beverage services for all of Victory Park.

Rebees plans to develop and operate a 4,000-square-foot retail emporium in Victory Park that will feature locally made goods.

And Simon’s company will open and operate a 6,000-square-foot restaurant in the project.

Rebees will also set up 14,000-square-foot Victory Park co-working office center that will include a 3,500-square-foot café.

The new restaurant, retail and office developments will open next year on Victory Park Lane between Museum Way and High Market Street. The Rebees spaces will be located across the street from a new 750-seat movie theater operated by Cinépolis.

“Tristan is a master at creating concepts that resonate with customers and bring vibrancy and activity to the areas in which they are located,” Terry Montesi, CEO of Trademark Property Co., Victory Park’s retail partner, said in a statement. “We are thrilled that he has committed to invest in the neighborhood and are excited to see the concepts he has in store for Victory.”

The new retail and restaurant venues are on the way at the same time Victory Park is adding almost 2,000 high-end apartments and retail space in four high-rise projects now under construction.

“The timing for Victory is right,” Simon said in a statement. “Our concepts will be an important part of the new Victory story, but we also plan to recruit many of our talented friends in the Dallas restaurant and retail community to join the mission.”

Simon previously developed several popular Dallas-area restaurants including The Porch, Hibiscus, Victor Tangos, Fireside Pies and CBD Provisions.

He has been a key player in the redevelopment boom along East Dallas’ Henderson Avenue.

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Entrepreneur Tristan Simon launches multiple ventures at Victory Park in Dallas, Texas

Media Contact:
Sydney Townsend, 214.373.1601

Cinépolis Luxury Cinemas Theater Construction Underway

DALLAS (May 2, 2016) – Victory Park today announced that Dallas entrepreneur, Tristan Simon, through a new company named Rebees, is launching multiple ventures at Victory Park, including the following:

  • Rebees has formed a venture with Victory Park’s retail partner Trademark Property Co. to assist Trademark with food and beverage programming throughout Victory Park and with the overall marketing of the district;
  • Rebees will develop and operate a 4,000-square-foot retail emporium that will focus on locally made goods;
  • Rebees will develop, own and operate a new 14,000-square-foot co-working office space concept that will include a 3,500-square-foot cafe;
  • Rebees will develop, own and operate a new 6,000-square-foot restaurant concept;

Additional details about the retail marketplace, co-working office space and café concept, and restaurant concept will be released at a later date. All three new concepts from Rebees are slated to open in the second half of 2017 and will be located on Victory Park Lane, across from Cinépolis in the former LFT space, covering the entire block between Museum Way and High Market Street.

“A key element of the new Victory Park’s success lies in attracting partners and tenants that understand the area and our vision for the district and seek to foster it through their efforts,” said Terry Montesi, CEO, Trademark Property Co., Victory Park’s retail partner. “Tristan is a master at creating concepts that resonate with customers and bring vibrancy and activity to the areas in which they are located. We are thrilled that he has committed to invest in the neighborhood and are excited to see the concepts he has in store for Victory.”

Simon is best known in Dallas for developing an array of successful dining concepts that include The Porch, Hibiscus, Victor Tangos, Fireside Pies and CBD Provisions. He is also widely credited with leading the revitalization of Henderson Avenue. Simon’s new company, Rebees, is an advisory, development and management firm that creates unique programming for commercial real estate and hotel projects.

“Given where it sits, I’ve always felt that Victory Park had great promise as a walkable district but it needed more live-work density to come to life – that density is materializing now and in a very serious way,” said Simon. “Estein & Associates, who have been owners of Victory from the beginning, never lost faith in the vision and resolutely continued to build Victory to its potential while addressing the issues that held it back originally. Their conviction inspired me. I also think Estein picked the perfect partner in Trademark, who have a special talent for creating experiential retail projects.”

“The timing for Victory is right, and I’m thrilled to join Estein and Trademark in an all-out push to make Victory one of the most compelling urban districts in Dallas. Our concepts will be an important part of the new Victory story, but we also plan to recruit many of our talented friends in the Dallas restaurant and retail community to join the mission,” continued Simon.

Construction has started on the multi-level, mixed-use building at Victory Park Lane and High Market Street, which will include the eight-screen, 750-seat movie theatre operated by Cinépolis Luxury Cinemas-Victory Park, a for-rent residential component consisting of 285 units, and 20,000 square feet of ground floor retail. In addition, construction is underway on the unfinished parking garage across from the W Dallas – Victory Hotel to add 22,000 square feet of retail and restaurant space, and a dramatic, 2,600-square-foot, second-floor covered patio connected to a signature restaurant at the northeast corner of the garage.

As part of phase I redevelopment efforts, which began in 2014, Victory Park added a new signalized intersection, traffic light and crosswalk at Olive Street and Victory Park Lane; and, on Victory Park Lane, removed raised medians and street lights, widened sidewalks to accommodate large outdoor patios, installed new trees, added raised mid-block crosswalks, installed placemaking elements such as new directories, planters, benches, light poles and banners, implemented two way traffic on Houston Street and Victory Avenue, and extended the Katy Trail, with dedicated bike lanes on Houston Street.

Phase I will continue through fall 2016 with the installation of new district IDs, directional signage, seating, landscaping and public art.

Victory Park currently features more than 160,000 square feet of retail, restaurant and entertainment space, including newly opened BuzzBrews Kitchen. Other tenants include: Buda Juice, Café Victoria, Chad Rookstool Salon, Classic Pilates, Cook Hall, Hard Rock Café, The Hangar, Havana Social Club, House of Blues, Jimmy John’s, Joanna Czech, Kenichi, Medina Oven & Bar, Metro Tickets, Naga Thai Kitchen & Bar, Olivella’s Neo Pizza Napoletana, Read Between the Lines, Shooters, Simply Elegant – Dallas, Victory Park CrossFit, Victory Tavern and V.O.D. In addition, Freshii will open this summer, and Cinépolis USA will join Victory Park in 2017.

The Victory Park lease was negotiated by Daniel Goldware, Stacy Barton and David Pratt of Trademark. For leasing information, please call (817) 509-4161.

About Victory Park

Victory Park is a 75-acre mixed-use development in downtown Dallas surrounding the American Airlines Center, home of the Dallas Mavericks and Dallas Stars. Victory Park features more than 160,000 square feet of retail, restaurant and entertainment space; 621,000 square feet of Class-A office space; the 252-room W Dallas – Victory Hotel; more than 1,700 residential units; and the Perot Museum of Nature & Science. Victory Station provides access to DART Light Rail and the Trinity Railway Express. The popular 3.5-mile jogging and bicycle path, The Katy Trail, is also directly accessible. Victory Park is a property of UST XVI Victory Park, a German real estate investment fund managed by affiliates of Estein & Associates USA, Ltd. based in Orlando, Florida. UST XVI became an equity owner of Victory Park in 2005 and the sole owner of the majority of the Victory Park buildings in 2009. For more information about Victory Park visit victorypark.com. Connect with Victory Park on Twitter @VPDallas and at facebook.com/dallasvictorypark.

About Trademark Property Co.

Trademark Property Co. is an operator, investor and developer of award-winning, mixed-use town centers, specialty, community, power centers and enclosed regional malls. Since 1991, the Fort Worth, Texas-based Trademark has invested in, or developed over 11.5 million square feet of retail and mixed-use assets worth over $2 billion. Trademark’s experienced team of 100 employees is responsible for close to 5.6 million square feet of retail and mixed-use projects currently in operation or development/redevelopment, including: Alliance Town Center (Fort Worth, Texas), Burr Ridge Village Center (Chicago, Ill.), Glades Plaza (Boca Raton, Fla.), Hillside Village (Cedar Hill, Texas), La Palmera (Corpus Christi, Texas), Market Street Flowood (Flowood, Miss.), Market Street – The Woodlands (The Woodlands, Texas), First Street Napa (Napa, Calif.), Rice Village (Houston, Texas), Saddle Creek (Germantown, Tenn.), The Shops at La Palmera (Corpus Christi, Texas), Victory Park (Dallas, Texas), Watters Creek (Allen, Texas), Waterside (Fort Worth, Texas), and WestBend (Fort Worth, Texas). For more information, visit www.trademarkproperty.com or interact on Facebook, Twitter and Instagram.

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