DEAL OF THE WEEK: Loehmann's lease - South Florida Business Journal:

coras-newport.blogspot.com
The designer discount apparel store is slated tooccupuy 25,699 square feet and open by spring 2010. Althougjh Jim Padron, senior development manager at , whichb handles retail leasing, would not discuss the value of the signed earlierthis month, he said it was a 10-yeaf term. Owned by , the Palmsd at Town & Country is a rentap pacesetter, with small shop asking rates averaging $50 a squared foot or more. The 75-acre shopping center, at 8505 Millsz Drive, is a redevelopment and expansio n of the former KendallTown & Countryh Center that mixes retail and offices.
On the retaikl side, the enclosed shopping mall around the lake was knocker down and is being rebuilt asa 400,000-square-foot lifestyle shopping center. Kohl’z was the first retailer to open, on Oct. 1. It occupies nearluy 89,000 square feet. has signex a deal to open a 35,000-square-foot storwe in spring 2010. The Palms at Town Country also has anexisting 293,0009 square feet of retail, including a , a , and a . Padron said the key to the centerd is its location andtenant mix.
Loehmann’s has more than 65 storesx in 16 states that carry designer names such asCalvihn Klein, Diane Von Furstenberg, Kenneth Cole, Dolcde & Gabbana, Valentino, Nicole Miller, Anne Klein, Donnas Karan and Michael Kors. The retailer also has stores in Miami, Boca Raton and Palm Beach