REAL ESTATE

Atlanta - Flip Flop Shops has signed a master franchise agreement with Happy Toes Caribbean that calls for the establishment and development of at least 20 new shops throughout the islands, the first of which will open in Aruba in late 2014. The master franchise rights agreement also covers the management of three established stores in St. Thomas, St. Maarten and Curacao.

Old Bridge, N.J. - R.J. Brunelli & Co., LLC has recently completed a series of leases that will bring retail tenants to sites throughout New Jersey and Maryland. Dollar Tree recently signed a lease that will bring its Deal$ concept to an 11,400-sq.-ft. space in downtown Elizabeth, New Jersey. R.J. Brunelli serves as the retailer's exclusive real estate representative for all of New Jersey.

Columbus, Ohio – Lane Bryant opens a new store at Genesee Valley Center in Flint, Michigan, on April 25. From April 25-27, Lane Bryant will give away 50 $25 gift cards each day.

Lane Bryant operates 775 stores across the U.S.


 

Dallas — Applebee’s has purchased a one-acre pad in Richardson, Texas, from Leon Capital Group. Venture Commercial Real Estate represented Applebee’s in the transaction.

Venture Commercial’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition and income property sales. As the D-FW partner of X Team International, Venture is able to serve its clients on a national scale.

Knoxville, Tenn. — Four new retailers have signed leases with University Commons, a new retail center adjacent to the University of Tennessee campus in Knoxville, Tenn. The property’s developer, CHM, made the announcement.

The newly signed retailers are Fresh To Order, a fast-fine restaurant concept; Blush Boutique, an affordable-fashion concept; Great Clips, the chain’s twentieth Knoxville-area shop; and Jersey Mike’s, the fast casual submarine sandwich franchise.

Hoffman Estates, Ill. - Sears Hometown and Outlet Stores, Inc. opens its newest Florida Sears Home Appliance Showroom on April 25, in Sunrise. The Sunrise location is one of six Sears Home Appliance Showrooms Michael Myers owns and operates.

Chicago — Sally Beauty Supply has opened a store in the Round Lake Court shopping center in Round Lake Beach, Ill. The professional beauty products retailer leased a 1,755-sq.-ft. space.

CBRE represented Sally Beauty Supply in the transaction, and McCaffrey Interests represented the landlord.

Philadelphia — Century 21 has signed into The Gallery in Center City Philadelphia. It is the iconic fashion retailer’s first location outside of the New York market, according to the Pennsylvania Real Estate Investment Trust, the owner and manager of The Gallery.