Finance & Capital Management

By David Zahn, [email protected]

South Plainfield, N.J. -- Bryn Mawr, Pa.-based WP Realty and Angelo, Gordon & Co. said that the pair has Oak Park Commons in South Plainfield, N.J.

Oak Park Commons is a one-story, 136,939-sq.-ft. community shopping center anchored by A&P Supermarket in 60,025 sq. ft. and includes a mix of national, regional, and local tenants. It is currently 76% occupied.
 

Minneapolis -- Supervalu announced that Bill Parker has been named the interim president of Farm Fresh Food & Pharmacy, a 43- store division in the Virginia Beach/Norfolk, Va., market, effective Sept. 15.

Parker, Farm Fresh’s current senior VP merchandising, will replace Gaelo de la Fuente who became the company’s president in April 2010 and is leaving the company to pursue other interests.
 

NEW YORK — Brown Shoe Company has acquired the Sam & Libby brand and reunited it with its founders, Sam and Libby Edelman. For the last eight years, the brand was owned by The Jones Group.

Grand Rapids, Mich. -- Progressive AE and Design Plus, both of which are based in Grand Raids, Mich., announced they have merged to create one of the area’s largest full-service design firms specializing in architecture, engineering and interior design. Financial details of the merger were not disclosed.

MINNEAPOLIS — Supervalu has named Bill Parker as the interim president of Farm Fresh Food & Pharmacy, a 43- store division in the Virginia Beach/Norfolk, Va. market. Parker, Farm Fresh's current SVP merchandising, will replace Gaelo de la Fuente who became the company’s president in April 2010 and is leaving the company to pursue other interests. Parker will assume the new role on Sept. 15.

Rocklin, Calif. -- Costa Mesa, Calif.-based Donahue Schriber announced the start of construction on Rocklin Crossings, a 543,500-sq.-ft. power center located just east of Sacramento, in Rocklin, Calif.

Anchored by Walmart, Rocklin Crossings is one of two sister-shopping centers being developed by Donahue Schriber within the city. Together, they will offer over 900,000 sq. ft. of retail and restaurants providing a regional shopping and entertainment destination for Rocklin.

Woodland Hills, Calif. -- Casual Male Retail Group is taking a new approach with merchandising and store set-ups for the nationwide roll-out of its DestinationXL (DXL) format, which brings together its value, mid-range and luxury men's apparel under one roof. The chain has outsourced the store set-up function to Great American Group, Woodland Hills, Calif.