Mergers & Acquisitions

Conshohocken, Pa. -- Ikea announced it is submitting plans to the city of Merriam, Kansas, for a Kansas City-area store that would increase the Swedish retailer’s presence in the Midwestern United States.  

Dallas -- SRS Real Estate Partners said it represented Brentwood Specialty Center, LLC in the sale of The Streets of Brentwood to a partnership between New York City-based DRA Advisors and RED Development out of Kansas City.

Beachwood, Ohio -- DDR Corp. announced Monday the acquisition of $328 million of prime assets and the disposition of $12 million of non-prime assets during the quarter.

Year to date, the company closed $2 billion of acquisitions, including the joint venture with Blackstone's flagship real estate fund, and disposed of $137 million of non-prime assets.

As of the third quarter, DDR said it has raised gross common equity capital of $435 million through the issuance of 31.7 million new common shares to fund investments and lower leverage.

LAKELAND, Fla.— Publix on Monday announced its board of directors declared a semi-annual dividend on its common stock of 30 cents per share. The dividend will be payable and mailed Dec. 3, 2012, to stockholders of record as of the close of business Oct. 31, 2012.

New York -- Saks Inc. has opened its first Saks Fifth Avenue store in Kazakhstan, in the city of Almaty.

Bronx, N.Y. -- Simone Development Cos. announced that LA Fitness will open a 43,000-sq.-ft. facility at Metro Center Atrium, a new 370,000-sq.-ft. mixed-use project in the Pelham Bay section of the Bronx in New York.

The office, retail and hotel complex is the latest phase in Simone Development’s 42-acre, multi-building Hutchinson Metro Center campus.

LA Fitness’s new gym is slated to open November 2013, and will join a newly announced Residence Inn-branded hotel at Metro Center Atrium.

Philadelphia -- Charter Realty & Development said that it has arranged for a 9,887-sq.-ft. lease for Planet Fitness in the Mayfair Shopping Center in Philadelphia.

The shopping center is anchored by, Shop N Bag, Dollar Tree and Wells Fargo.
 

More than 450 Macy’s stores will feature branded Finish Line footwear departments as the department store retailer and athletic footwear chain have entered into an exclusive agreement.

The deal addresses a major merchandising deficiency for Macy’s as department store retailers are not generally viewed as a destination for athletic footwear. The deal also accelerates growth for Finish Line which currently operates 638 predominantly mall-based U.S. stores compared to Macy’s approximately 840 locations.