Chicago-based HSA Commercial Real Estate today announced that DSW Inc. (NYSE: DSW), a leading branded footwear and accessories retailer, will open its fourth Milwaukee-area retail store at Calhoun Crossing in Brookfield, Wis. DSW recently executed a 17,350-square-foot lease to co-anchor the shopping center project with Fresh Thyme Farmers Market. Based on current construction schedules, DSW will begin its interior build-out in late summer 2016, with a planned opening in spring 2017.
“With the company’s extensive product selection and compelling promotional pricing, DSW has quickly become the best-in-class national footwear retailer,” said Tim Blum, executive vice president of retail development at HSA Commercial. “DSW has consistently attracted customers and been integral to the success of our Mayfair Collection shopping center in nearby Wauwatosa, and we fully expect they will help make Calhoun Crossing a popular shopping destination as well.”
The existing shopping center at the northwest corner of Bluemound Road and Calhoun Road, which was previously called Plaza 173, will be completely gut renovated, and ownership plans to add all-new entry porticos to enhance the street presence and visibility of tenant storefronts and signage. The redevelopment will be anchored by Fresh Thyme Farmers Market, a new neighborhood grocer featuring a wide variety of fresh produce; natural, hormone-free meats; seafood flown in daily; baked goods from local artisans; and other nutritious prepared meals and packaged goods. The ambitious development plans also include a new 11,000-square-foot outlot building that will be occupied by Men’s Wearhouse, Kesslers Diamond Center and a third small shop tenant.
Chris Thomas of TOA Architecture and Urban Design is the project’s architect, and Premier Design + Build is the development’s general contractor. Calhoun Crossing is owned by a joint real estate fund formed by Innovative Capital Advisors and HSA Commercial Real Estate.
About HSA Commercial Real Estate
Founded in 1981, Chicago-based HSA Commercial Real Estate is a diversified, full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. Along with developing and acquiring more than 50 million square feet of commercial real estate across the United States, with a total consideration in excess of $2.5 billion, HSA Commercial Real Estate has represented owners and tenants in more than 10,000 transactions in 43 states; manages a property portfolio in excess of 16 million square feet in locations across the nation; and owns more than 16 million square feet of commercial property in 14 states.
DSW Designer Shoe Warehouse has executed a 17,350-square-foot lease to co-anchor the Calhoun Crossing shopping center in Brookfield, Wis. The property is being redeveloped by HSA Commercial Real Estate and Innovative Capital Advisors.