Deals

Photo: Matthew Tice (left) and Mark Cosenza (right)

Oklahoma City -- GBT Realty Corp. announced the acquisition of 30 acres in Oklahoma City, Oklahoma. The site was purchased in January for $2.95 million. The company broke ground on development of the first phase of the $50 million The Market at Czech Hall, a 450,000-sq. ft. regional neighborhood center last week.

Phase one includes the construction of 180,000-sq. ft. of retail, along with seven outparcels. The first tenant expected to open fall 2016.

Denver -- OliverMcMillan in partnership with Invesco Real Estate has purchased the retail portion of Clayton Lane, a mixed-use center located in Denver. The retail project consists of more than 182,000 sq. ft. of retail in six buildings with underground parking.

The property sits in the heart of Denver’s Cherry Creek North and is anchored by Crate & Barrel and Whole Foods Market. Feature retailers include Orvis, HW Home, North, White House | Black Market, Bose and more.

Honolulu -- The Howard Hughes Corp. marked another critical milestone for Ward Village located in Honolulu, Hawaii. The company broke ground on Ae‘o, a 466 unit mixed-use residential tower that will be anchored by a flagship Whole Foods Market.

Cincinnati -- Phillips Edison & Company it has appointed Theresa (“Terry”) Shea as VP, assistant general counsel. In her new role, Shea will work closely with the general counsel to provide legal advice to the Company concerning all aspects of its business.

Bryn and Dane’s announced it will be expanding from three to six locations in Pennsylvania within the next year. The new stores will be located in the Philadelphia Metro Area:

• Bryn Mawr Village in Bryn Mawr, Pennsylvania; set to open summer 2016
• Atwater South in Malvern, Pennsylvania; set to open fall 2016
• The Franklin, 834 Chestnut Street, Philadelphia, Pennsylvania; set to open early 2017

Whole Foods Market’s 365 store concept is the first anchor to be announced for Butler Town Center, in Gainesville, Florida. It is also the first 365 location to be announced for the state of Florida.

Nordstrom continues to expand north of the border.

The retailer announced that its Nordstrom Rack off-price division will open its first Canadian location, in Toronto, in 2018.

The 38,600-sq.-ft. store will be located at One Bloor in Yorkville, on the southeast corner of Yonge Street and Bloor Street, a well-known shopping district in Toronto. It will be approximately one mile north of the Nordstrom full-line store, which is scheduled to open in September 2016 at CF Eaton Centre.