Deals

Mall owner Westfield Corp. has acquired two buildings owned by Macy’s at Westfield Mission Valley mall in San Diego for approximately $16.5 million.

Included in the sale were a full-line Macy’s department store and a nearby — and much smaller — building that houses a restaurant.

The purchase comes as the retailer remains under pressure from an activist investor to sell off full or partial stakes in some of its real estate.

Brunswick, Ga. -- Winick Realty Group’s Investment Sales Department announced the sale of the 75,595 sq. ft., grocery-anchored center Brunswick West Shopping Center in Brunswick, Georgia. The center sits on 9.11 acres, off exit 36B of Interstate 95.

Brunswick Shopping Center is currently 82% occupied and anchored by Winn Dixie and Family Dollar.

Publix has hired a broker and is actively looking for sites in the Washington, D.C., area, according to a new report. The Washington Business Journal reported that the Florida-based grocery chainhad a booth at the International Council of Shopping Centers’ Mid-Atlantic Dealmaking and Conference last week in Southern Maryland. Publix spokeswoman Kim Reynolds told the publication that indeed, the chain is looking to open stores throughout Virginia, including in Northern Virginia.

Publix has hired a broker and is actively looking for sites in the Washington, D.C., area, according to a new report. 

The Washington Business Journal reported that the Florida-based grocery chain had a booth at the International Council of Shopping Centers’ Mid-Atlantic Dealmaking and Conference last week in Southern Maryland.  Publix spokeswoman Kim Reynolds told the publication that indeed, the chain is looking to open stores throughout Virginia, including in Northern Virginia. 

Ross Dress for Less opened a store in Sevierville, Tennessee, on March 5.

The 25,000-sq.-ft. store is located in Sevierville Commons, 20 miles southeast of Knoxville at the southeast corner of Winfield Dunn Parkway and Old Douglas Dam Road.

The opening is part of the retailer’s 2016 expansion program, totaling about 70 new locations during the year.

Fenton Mo. -- Mid-America Real Estate Corporation’s Investment Sales team brokered the sale of Fenton Commons located in Fenton, Missouri. Colorado based GDA Real Estate acquired the 82,242-sq.-ft. property for $15 million.

Fenton Commons is anchored by Best Buy, Old Navy and Barnes & Noble with Chili’s and Bank of America.

Cincinnati -- Phillips Edison Grocery Center REIT II and TPG Real Estate announced the formation of a partnership to acquire high-quality, value-added grocery-anchored shopping centers throughout the United States. The Partnership will invest up to $250 million of equity and plans to leverage this capital to achieve a $750 million acquisition target.

Tacoma, Wash. -- Vestar announced that it has acquired James Center located in Tacoma, Washington, for $31.4 million.

The 140,240 sq. ft. center is located directly across from Tacoma Community College, which enrolls nearly 14,000 students per year. James Center is anchored by Fred Meyer and Rite, as well as feature tenants: Starbucks, Subway, Verizon, Menchie’s, U.S. Bank, IHOP, FedEx Kinko’s and Ivar’s.