Deals

Columbus, Ohio -- WP Glimcher has completed the sale of Forest Mall in Fond Du Lac, Wisconsin and Northlake Mall in Atlanta. The two non-core assets were sold to private real estate investors for $30 million.

Upper Darby, Pa. -- Metro Commercial Real Estate announced that is has negotiated the sale of the 307,000-sq.-ft. Home Depot Plaza in Upper Darby, Pennsylvania.

The purchaser, a life insurance company, values the long-term nature of the anchor leases, Home Depot and Acme, and the population density of the area.

Houston -- SRS Real Estate Partners welcomes Jonathan Hicks as SVP and co-market leader in the Houston office. Hicks will lead the Houston office alongside team member, Cody Persyn.

"The addition of Jonathan to our Houston office complements our existing business immensely," said Woody McMinn, president of North American brokerage. "Cody's depth and tenure at SRS, and around the country, joined with Jonathan's market contacts and local industry involvement, are going to make a great market leader team."

Cleveland -- Forest City Realty Trust announced that its subsidiary, Nets Sports and Entertainment has completed the previously announced sale of its equity interests in both the Barclays Center arena and the Brooklyn Nets basketball team to Onexim Sports and Entertainment Holding USA. As previously disclosed, the transaction values the team at approximately $875 million and the arena at $825 million, inclusive of debt for each asset.

Woodstock, Ga. -- Transwestern’s Southeast Investment Services Group announced it brokered the disposition of East Cherokee Village Shoppes for $13 million. New Orleans-based PMAT Cos. acquired the 128,667-sq. ft., Publix-anchored shopping center is located in Woodstock, Georgia. Transwestern VP Fred Victor and managing director Kevin Markwordt represented the private seller.

San Antonio, Texas -- X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S. and Canada, announced that it has welcomed San Antonio-based REATA Real Estate as its newest partner.

German discount supermarket chain Lidl has revealed where it will drop its anchor in the United States.

The retailer revealed on its website that it is seeking locations between New Jersey and Georgia. It said it is looking to build stand-alone, 36,000-sq.-ft. stores on sites that are at least 3.5 acres with a minimum of 150 parking spaces.

Troutdale, Ore. -- Time Equities announced the expansion of its Northwest portfolio with the acquisition of Columbia Gorge Premium Outlets, located in Troutdale, Oregon for $28,425,000.

Oakbrook, Illinois -- Retail Properties of America announced that it has acquired two-properties to add to its portfolio, which include Merrifield Town Center II and Shoppes at Hagerstown, both located in the greater Washington, D.C./Baltimore area. The properties were acquired through an off-market transaction, on an unencumbered basis, for a combined purchase price of $72.7 million.

Oakbrook Terrace, Illinois -- Mid-America Real Estate Corporation’s Investment Sales team brokered the sale of Broadway Commons in Rochester, Minnesota. Austin, Texas-based Epic Real Estate Partners purchased the 140,578-sq. ft. property.

Broadway Commons is located at the northeast corner of South Broadway and US Highway 52. The center features national tenants including Bed Bath & Beyond, Dress Barn, DSW, Famous Footwear and Michael’s.