Deals

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.

Ross Dress for Less opened a new store in Port Hueneme, California on March 5.

The 23,000-sq.-ft. foot store is located at Mandalay Village Marketplace, 63 miles northwest of Los Angeles and 40 miles south of Santa Barbara, along Channel Islands Boulevard and Wheelhouse Avenue.

With this location, Ross operates 278 stores in California, its largest state. The opening is part of the retailer’s 2016 expansion program that will see it open some 70 new locations during the year.

Market expansion into the Minneapolis market may be the next step for Meijer, The Grand Rapids Press reported last week, confirming that the grocer acquired 30 acres of land in a Twin City suburb. "I can confirm Meijer has purchased property in Brooklyn Park, Minn.," Frank Guglielmi, Meijer senior director communications, told The Grand Rapids Press.

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.

Ross Dress for Less opened a new store in Jenkintown, Pennsylvania, on March 5.

The 26,000-sq.-ft. store is located in the Noble Town Center, 15 miles north of downtown Philadelphia, at the northeast corner of Old York Road and The Fairway.

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

Macy's has added an expert in real estate investments its board as the department store retailer remains under pressure from an activist investor to spin off some of its real estate into a real estate investment trust.

A popular goose has found a nest in Manhattan’s SoHo neighborhood.

Canada Goose, best known for its signature goose-down jacket with Arctic Circle logo and fur-trimmed hood, has signed a lease for an approximate 4,400-sq.-ft. store on Wooster Street, The Real Deal reported. The asking rent for the space, according to the Real Deal, was $550 a foot.

The Richmond Times-Dispatch is reporting that the 19 Martin’s Food Markets stores in the area will be either sold or closed as the completion of parent company Ahold’s merger with Delhaize Group. The Richmond-area stores are just some of the 83 stores the combined companies are looking to unload across the eastern and northeastern U.S. (Richmond Times-Dispatch)