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Deals

  • Let the bidding begin

    Two private equity firms have thrown their hats in the arena to buy Cabela’s.   The firms, New York-based Apax Partners and San Francisco-based TPG Capital,  are each meeting Cabela’s management as part of an auction for the 82-store chain, the New York Post reported.   Bass Pro Shops is also interested in Cabela’s, and has partnered with Goldman Sachs Group’s private equity arm to make an offer for its rival, according to Reuters.  

  • Westlake Ace Hardware adds new Kansas store

    Westlake Ace Hardware has entered into a lease agreement and will be opening a new store in Overland Park, Kansas.   Lenexa, Kansas-based Westlake will take possession of the 15,500-sq.-ft. store on July 29. The store is the current location of Dobbels True Value Hardware. It will officially reopen as a Westlake Ace in fall 2016. Dobbels is currently having a going-out-of-business sale.    

  • Teen apparel retailer gets final approval for DIP financing

    Aéropostale has received final approval for $160 million in debtor in-possession financing provided by Crystal Financial LLC.

  • Bankruptcy bid date set for Hancock Fabric

    New York City-based RCS Real Estate Advisors has announced a bid deadline of June 16, 2016 for the remaining available leases of retailer Hancock Fabrics.
     
    RCS began the process of selling the retailer's leases following Hancock Fabrics' February bankruptcy announcement. Hancock Fabrics operated 250 retail stores in 37 states when it filed for Chapter 11 bankruptcy protection on Feb. 2, 2016. Spence Mehl, senior VP of RCS, made the announcement.
     

  • Phillips Edison adds to portfolio

    Phillips Edison Grocery Center REIT I Inc. is acquiring a grocery-anchored shopping center, expanding the company’s holdings in Massachusetts.

    Northwoods Crossing is a 159,562-sq.-ft. grocery store-anchored shopping center in Taunton, Massachusetts, a suburb 40 miles south of Boston. The center is anchored by BJ’s Wholesale Club. It also features national and regional tenants such as Tractor Supply Company, Dollar Tree, Subway, Ruby Tuesday and Wendy’s.

  • JLL acquires construction-related consulting firm

    JLL has broadened its project and development services (PDS) with the acquisition of Merritt & Harris (M&H), a leading provider of construction-related consulting services for real estate lenders and investors during new construction, renovations and workouts.
     

  • Leases for 320 Sports Authority stores to go to auction

    Sports Authority’s remaining 320 store leases will be auctioned in June.  

  • Disciplined and strategic: CSA’s fastest-growing acquirers

    The 27th annual Chain Store Age survey of Fastest-Growing Acquirers features some familiar names, but a diversity of philosophies and experiences when it comes to driving long-term growth.
     

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