Corporate Governance

Hoffman Estates, Ill. - Sears Hometown and Outlet Stores Inc. has remodeled a Sears Hometown store in Helena, Mont. The store now has a fresh look.

Cincinnati -- Associates working at Kroger stores in the Atlanta metro and surrounding area have ratified new labor agreements with UFCW Local 1996. The contracts cover 23,598 associates working in 163 stores in the Atlanta area and 12 in Savannah.

Hoffman Estates, Ill. -- The Michigan Small Business Development Center is honoring a Sears Appliance & Hardware store located in Big Rapids, Mich., with its 2013 Best Small Business Award for creating jobs, increasing sales and improving business strategy. The retailer was one of a dozen stores chosen from more than 5,500 small businesses throughout the state that the Michigan Small Business Development Center provided confidential counseling and training to in 2013.

Nashville, Tenn. - Cybera Inc., has hired Jeremy Landa as it new senior VP of finance Jeremy Landa. Landa will be part of Cybera’s executive team, responsible for providing strategic financial leadership to support the company’s growth and expansion.

Prior to joining Cybera, Landa served as CFO of Simplex Healthcare. During his career, Landa also oversaw the corporate strategic planning process for Gaylord Entertainment.

Milwaukee -- Roundy’s, Inc. will open Mariano’s Edgewater in Chicago on April 22. Edgewater is the fifth Mariano’s store to open of the 11 former Dominick’s locations acquired by Roundy’s in December 2013, and the eighth in the city of Chicago.

Store features will include a Vero Italian coffee and gelato shop, Squeez’d smoothie bar, and access to “Mariano’s Tastemakers,” 14 chefs and lifestyle experts who provide demos and advice.

Sierra Vista, Ariz. — The Realm Salon, an approved Aveda Salon, is opening a new 1,500-sq.-ft. full-service salon in Indian Hills Plaza in Sierra Vista, Ariz. The new salon plans to open by June 1.

First West Properties Corporation represented the tenant in the transaction. Commercial Retail Advisors represented the landlord, Indian Hills Investors.

Milwaukee — Mid-America Real Estate Corporation’s investment sales team has brokered the final sales phase of The Shoppes of Nagawaukee in Delafield, Wis. This was the third transaction consummated on behalf of the seller, Told Development, for this shopping center since 2012.

Dallas — Shayan Holdings has purchased the 29,200-sq.-ft. Lebanon Ohio Center, an unanchored strip retail complex, in Frisco, Texas. The seller was LandPlan Development Corporation. The price was not disclosed.

The center is currently 90% occupied. Tenants include CrossFit Remedy and Arts and Technology Institute. CBRE’s Dallas office represented the seller in the transaction and conducted the financial analysis.

New York — Vornado Realty Trust plans to spin off nearly 16.1 million sq. ft. of shopping center assets into a new publicly traded REIT by the end of 2014, leaving the company with a largely office-centric portfolio, according to SNL Real Estate.

The move will simplify Vornado’s investment strategy and enable the company to focus on the ownership of office assets in the Washington, D.C., and New York City regions, including the high-value Manhattan office over retail assets.

Old Bridge, N.J. — Retail leasing specialists R.J. Brunelli & Co. has announced the promotion of Nick DeLuca to sales associate.