VANCOUVER, WA – Five leases totaling more than 14,000 square feet have been signed for Hazel Dell Towne Center in Vancouver, Wash., announced Tim Roe, president of Pine Tree Commercial Realty. The firm co-owns the newly constructed 400,000 square-foot power center with Henderson Global Investors, and oversees the daily responsibilities of leasing, property management, accounting, and maintenance.
The new leases signed include those with Lane Bryant for 5,000 square feet, America’s Best Optical for 3,525 square feet, CitiFinancial for 1,495 square feet, and Max Muscle, a national chain specializing in sports supplements and vitamins, for 1,200 square feet. The fifth lease is for a flagship store for the new franchise Balasana Yoga Studios, which leased 3,500 square feet of space, and offers yoga, Pilates, dance and fitness classes. All of the tenants are now open for business. Hazel Dell Towne Center is located at NE 88th and Hazel Dell Avenue, adjacent to Interstate 5 just north of Portland, Ore. The center was completed in 2007, and is anchored by Kohl’s, Best Buy, Office Depot, Petco, Bed Bath & Beyond and Party City. It is also shadow anchored by a Target store that opened in 2005.
Pine Tree Commercial Realty LLC is a full-service real estate development company based in Northbrook, Ill., with branch offices in Indianapolis and Kansas City. Since its founding in 1995 by Principals Barry Herring and Peter Borzak, Pine Tree has acquired and developed more than 56 properties valued at over $500 million nationwide.
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