Deals

Photo: Central Valley Marketplace, Ceres, California

Dallas -- X Team International announced that partner Venture Commercial Real Estate completed three retail anchor leases for landlords and tenants, totaling 110,000 sq. ft. across Texas.

Walmart signed a ground lease to build a 42,000-sq.-ft. Walmart Neighborhood Market store at the site of a former Brookshire Brothers at 1030 N. University Drive in Nacogdoches.

Hobby Lobby signed a lease to open a 50,200-sq.-ft. store at 2200 S. Loop 256 in Palestine.

Oakbrook, Ill. -- InvenTrust Properties Corp. announced a series of appointments to its senior management team. The new appointments, effective immediately, are as follows:

· James Christensen has been named senior VP of asset management.
 
· Chris Dykstra has been named senior VP of property management.
 
· Nicole Horne has been named VP of transactions.
 

Cincinnati -- Phillips Edison Grocery Center announced it has acquired three grocery-anchored shopping centers in Michigan, California, and Massachusetts.

Crossroads Towne Center is a 102,275-sq.-ft. grocery store-anchored shopping center in Howell, Michigan, a suburb of Ann Arbor, Michigan. The center is anchored by Kroger, and also features national tenants Great Clips, Jets Pizza, Subway, H&R Block, and Little Caesars.  

Hoffman Estates, Ill. – Sears Holding Corp. has met financial expectations for its new real estate investment trust (REIT) called Seritage Growth Properties. A 53.3 million-share Securities and Exchange Commission (SEC) subscription rights offering for Seritage that closed on July 2 was oversubscribed and generated about $1.6 billion, meeting expectations for gross proceeds of $1.57 billion.

St. Petersburg, Fla. - The Sembler Co. recently broke ground on the 65,000-sq-ft Shoppes at Trinity Lakes, a Publix-anchored shopping center located in Trinity, Florida. In addition to the 45,600-sq-ft Publix and 1,400-sq-ft Publix Liquor Store, Sembler has signed leases with nearly 11,000 sq. ft. of retailers new to the Trinity market.

Dublin, Calif. -- Ross Dress for Less (“Ross”) isn’t slowing down its brick-and-mortar expansion.

The chain will open a new location in Salina, Kansas, on July 18. The 25,000-sq.-ft. store is located in the Central Mall, 80 miles north of Wichita. The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.  

Houston -- Houston-based Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced the acquisition of a 2.12-acre property with an existing 13,000-sq.-ft. office building located near the cross streets of U.S. Highway 59 N and West Little York Road in Houston.

Dublin, Calif. -- Ross Dress for Less will open new stores in Corbin, Kentucky, and in Middletown, Kentucky, both on July 18.  

The 22,000-sq.-ft. Corbin store is located in the Trademart Shopping Center at Highway 25 and Master Street.

The 25,000-sq.-ft. Middletown store is located in Middletown Commons at Interstate 265 and Shelbyville Road, 14 miles east of Louisville.  

Both are part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.  

Dublin, Calif. -- Ross Dress for Less will open a new store in Montrose, Colorado, on July 18, as well as a new store in Phoenix on the same day, adding to its western U.S. store counts.

The 27,000-sq.-ft. Montrose, Colorado, store is located in the River Landing shopping center at US Highway 550 and Rio Grande Avenue, 60 miles southeast of Grand Junction.