Retail

NAMPA, IDAHO — Developers Diversified Realty Corp. has opened the 52,000-square-foot Edwards Nampa Gateway Stadium 12 Theatre at the 921,200-square-foot Nampa Gateway Center in the Boise metro area. DDR Builders, a subsidiary of Developers Diversified, served as general contractor and oversaw the construction of the $12 million theater, Regal Entertainment Group’s latest location. In addition to the theater, approximately 30,000 square feet of complementary retail will be opening at the shopping center.

POWAY, CALIF. — On behalf of the landlord, Cushman & Wakefield has facilitated L.A. Fitness International LLC’s 15-year, approximately $11.47 million lease renewal for 40,567 square feet of retail space at 12648 Poway Rd. in Poway. Doing business as LA Fitness, the tenant plans to renovate the space, which is situated within the recently renovated Poway Crossings, an 114,811-square-foot retail center that includes a Rite Aid location. Cushman & Wakefield’s John Jennings and Kam Walton represented the lessor, Poway Crossings Investors LLC, in the deal; the lessee represented itself.

SAN FRANCISCO — Grubb & Ellis has presided over the sale of a five-story, 23,000-square-foot retail building located at 459 Geary St. between the Clift Hotel and Curran Theatre in San Francisco’s Union Square. The sale price was not disclosed. Grubb & Ellis’ Daniel Cressman and Michael Taquino represented both the private-investor buyer and the seller, Walter Fong, who had operated Courtoué, a high-end men’s clothing store, at the property for more than 30 years.