Old Navy, Fresh & Easy sign NorCal leases

Retailers will occupy new space later this year

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Terranomics Retail Services on Monday announced it brokered three new retail lease transactions in the Sacramento, Calif., metro area. Two transactions were signed in the city of Galt, one for a Fresh & Easy Neighborhood Market's long-term ground lease of 60,000 square feet with plans for an approximately 14,000-square-foot store to open in November, and the other for Tractor Supply's build-to-suit lease of a 21,000-square-foot building plus an approximately 22,000-square-foot outdoor area to open in January 2009. Newmark Realty Capital Inc. owns the property. In the third lease, clothing retailer Old Navy LLC signed for 17,900 square feet at the newly built Florin Towne Center in Sacramento. The Towne Centre, which is a portion of the Florin Mall located on Florin Road between Stockton and 65th, is owned by Stonehenge Property Group. Old Navy is slated for its opening in August and will join Wal-Mart Supercenter and Sears as part of the Towne Centre. *** Wha...