Corporate Governance

Tarrytown, N.Y. – DLC Management Corp. announced a new deal signed with Wal-Mart Stores to open a 44,271-sq.-ft. Walmart Market at DLC’s Bethesda Walk Shopping Center in Lawrenceville, Ga.

The deal, which was finalized on November 21, marks the grocery-only concept’s first store in the Atlanta metro area.

South Bend, Ind. -- Indianapolis-based Kite Realty Group said that Biggby Coffee has leased space at Eddy Street Commons at Notre Dame, located South Bend, Ind.

The coffee retailer leased 1,501 sq. ft. for its first Indiana location and will open spring 2012.

Eddy Street Commons is a mixed-use development located adjacent to the University of Notre Dame campus and featuring 90,000 sq. ft. of retail space, 266 apartments, 49 condos, 20 courtyard townhomes, 60 flats, 62 city homes and 82,000 sq. ft. of office space.
 

Beachwood, Ohio -- DDR Corp. announced the appointment of Luke Petherbridge as senior VP capital markets. In this role, Petherbridge will be primarily responsible for capital raising, actively managing the balance sheet and maintaining strong lender relationships.

Commerce, Mich. -- LaVida Massage announced the opening of its first center in Pittsburgh, slated to open in late December at Shadyside Shops.

The 2,800-sq.-ft. location will feature nine regular massage rooms, two couples massage rooms and an aesthetics room. It will be owned and managed by brothers and franchisees Gary and Michael Kohanbash.

Dallas -- SRS Real Estate Partners announced the hiring of Scott Landgraf as senior VP in the company’s Newport Beach, Calif., office.

Prior to joining SRS, Landgraf was senior VP at Colliers International.

Landgraf specializes in retail tenant representation and investment sales throughout southern California and the Inland Empire.
 

Indianapolis -- Kite Realty Group said that Sleep Outfitters has leased 4,000 sq. ft. at Red Bank Commons, located in Evansville, Ind.

Sleep Outfitters joins Fashion Bug and Hibbett Sports in the 34,258-sq.-ft. shopping center.

Los Angeles -- CBRE said Friday that Michael F. Smith has been promoted to president of the company’s Western Division. Smith, who has led CBRE’s San Francisco Bay area operations since 2002, succeeds Steven Swerdlow, who has been appointed COO of the Americas.

In his new role, Smith will direct CBRE’s operations in more than 46 offices in nine states, with responsibility for all lines of business. He will continue in his role as Bay Area market leader until a successor is named.
 

Bentonville, Ark. -- Walmart said Friday that, on the fifth day of its "12 Days of Giving" Facebook campaign, it is awarding $130,000 to 13 nonprofits that are helping restore communities after natural disasters. Communities in Alabama, Connecticut, Missouri, Nebraska, New Jersey, North Carolina, North Dakota, Pennsylvania, Texas and Wyoming will receive contributions from Walmart Foundation, the retailer’s philanthropic arm.

Over 12 consecutive days, Walmart will award a total of $1.5 million to 145 organizations.

New York City -- Duane Reade, a division of Walgreens, spotlights its “New York Living Made Easy” format on Friday with the unveiling of its expanded store located at 1657 Broadway in New York.
The new 24-hour location reflects the chain’s focus on rebranding and aggressive transformation initiatives to date.

Jacksonville, Fla. -- Winn-Dixie Foundation on Thursday announced it is investing nearly $1.4 million in neighborhoods across the Southeast through partnerships with 116 nonprofit organizations, providing a broad range of services.

By providing grants to programs that feed the hungry, assist women and children in need, help the sick and address inequalities in education and health, the Winn-Dixie Foundation reaches out to neighbors in five states across the Southeast, the foundation noted.