Retail

HUDSON, WS-Three Indian bands propose casino to help revive ailing track.

FEDERAL WAY, WA-The buyers were Costco, which bought five acres, and an unnamed Beverly Hills-based family that purchased 12.89 acres - one of the local development's only remaining undeveloped parcels.

HOUSTON-The retail sector gets a significant boost, with Boyd Page Realty closing on 84,699 in leases. The new tenants are PetsMart, Old Navy, Ulta3 and Silver Spoon. The largest space taker in the leasing round is Old Navy.

HOUSTON-Kroger opens its latest Signature Store, a 63,373-sf location in the 130,000-sf Sterling Ridge Village. The grocer is one of three anchors in The Woodlands' fifth retail center, which is 90% leased.

GREENWICH, CT-Urstadt Biddle Properties Inc., a retail REIT, reported a slight increase in funds from operations for fiscal year 2000 and a drop in net income due mainly to bankruptcy filings by some of its tenants.

SAN JUAN CAPISTRANO, CA-Local retailer of snowboards and skates is expanding with a new lease for a location at the Gotcha Glacier Project in Anaheim, which is scheduled for completion in 2002.

CLEARWATER, FL-The 102-year-old, Miami-based department store chain is taking 65,000 sf for 15 years at the 90,011-sf Village at Countryside where it will house a Burdines Furniture Gallery, 80 miles west of Downtown Orlando. The estimated value of the lease is $12 million. The store sold its 180,000-sf location at the nearby Clearwater Mall for $4.75 million or $26.39 per sf.

ORLANDO-The official Orange County real estate records show the three retailers purchased individual tracts at the planned 1.3-million sf Mall of Millenia in southwest Orlando. But in reality, Forbes Taubman Orlando LLC Millenia, the mall's developer, bought 83 acres from the mixed-use venture's master developer, Orlando Southwest Partners, for about $19 million or $228,915 per acre ($5.26 per sf), then deeded back two 13-acre parcels and an estimated nine-acre parcel to the retailers.