Deals

Atlanta -- RCP Companies announced a $300 million, experiential, mixed-use development in the heart of Henry County known as Jodeco|Atlanta South in Atlanta. Construction is expected to commence later this year with initial tenants opening doors in 2017.

Preliminary plans for the mixed-use development include retail and restaurants, an entertainment hub, amphitheatre, outdoor fitness and recreation areas and residences within an amenity-rich, urban district.

San Diego -- OliverMcMillan announced plans to transform the former theatre building at 5th Avenue and G Street located in the Gaslamp Quarter in downtown San Diego.

“Our vision is to revitalize this active corner perfectly situated in the heart of the Gaslamp. Redeveloping this prime site will provide Downtown more opportunities to engage our local community and tourists alike,” said Dene Oliver, CEO of OliverMcMillan.

Dallas -- GBT Realty Corp. announced it has acquired 2.3 acres of the 12-acre retail site at Eldorado and Teel Parkways in Frisco, Texas on Feb. 16 from CMTEX, Inc. for $1.1 million. Sprouts Farmers Market will build its second store in Frisco, Texas on the site. To date, GBT has developed four locations in two states for the healthy grocer that offers fresh, natural and organic foods at great prices.

Chicago -- CBRE Group announced that Blake Johnson has joined CBRE Capital Markets as executive VP. Based in Chicago, Johnson will join the firm’s Institutional Properties team and will be responsible for office investment sales, with a concentrated focus on Chicago central business district (CBD) office transactions. Johnson will partner with Paul Lundstedt, Dan Deuter, Tom Sitz and Cody Hundertmark to expand the firm’s market share in the region.

Sears Holdings Corp. says its trend of deep same-store sales declines is slowing, but the company did report a wider loss in the fourth quarter.

For the fourth quarter ended Jan. 30, Kmart and Sears same-store sales declined 7.2% and 6.9%, respectively, which was an improvement from the trend in the first three quarters of 2015. Sears reported a loss of $580 million, or $5.44 a share, compared with a loss of $159 million, or $1.50 a share, a year earlier. Revenue dropped 9.8% to $7.3 billion.

Chicago -- CBRE announced that Sara Spicklemire has joined the firm as a SVP of its agency leasing team.

Bloomfield Hills, Mich. -- Mid-America Real Estate announced the addition of Eric Unatin to its brokerage team. In his new position as VP, Unatin will be specializing in landlord and tenant representation throughout the state of Michigan.

Dublin, Ohio -- Crawford Hoying announced that they have completed two leases totaling 18,900 sq. ft. of retail space in its Bridge Park development for The RAM Restaurant & Brewery (The RAM) and Mesh Fitness.