Deals

German discount supermarket chain Lidl has revealed where it will drop its anchor in the United States.

The retailer revealed on its website that it is seeking locations between New Jersey and Georgia. It said it is looking to build stand-alone, 36,000-sq.-ft. stores on sites that are at least 3.5 acres with a minimum of 150 parking spaces.

Troutdale, Ore. -- Time Equities announced the expansion of its Northwest portfolio with the acquisition of Columbia Gorge Premium Outlets, located in Troutdale, Oregon for $28,425,000.

Oakbrook, Illinois -- Retail Properties of America announced that it has acquired two-properties to add to its portfolio, which include Merrifield Town Center II and Shoppes at Hagerstown, both located in the greater Washington, D.C./Baltimore area. The properties were acquired through an off-market transaction, on an unencumbered basis, for a combined purchase price of $72.7 million.

Oakbrook Terrace, Illinois -- Mid-America Real Estate Corporation’s Investment Sales team brokered the sale of Broadway Commons in Rochester, Minnesota. Austin, Texas-based Epic Real Estate Partners purchased the 140,578-sq. ft. property.

Broadway Commons is located at the northeast corner of South Broadway and US Highway 52. The center features national tenants including Bed Bath & Beyond, Dress Barn, DSW, Famous Footwear and Michael’s.

Boston -- The Wilder Companies announced that Shelley M. Anderson has been named director of new business development, a newly created position for the company. Anderson will be responsible for developing retail real estate opportunities to expand the company’s portfolio of open-air centers throughout the eastern portion of the U.S. She will focus on existing center acquisitions, exploring joint venture opportunities with existing owners and growing the company’s burgeoning third-party services business.

San Antonio, Texas -- InvenTrust Properties Corp. announced that it has acquired Sonterra Village Shopping Center, a newly constructed, 42,492 sq. ft. shopping center located in San Antonio, Texas, for approximately $21.5 million.

Staples is giving itself three more months before calling off its proposed $6.3 billion acquisition of Office Depot, giving the companies time to fight an antitrust lawsuit with the Federal Trade Commission.

Citing a Virtual Builders Exchange report, the San Antonio Business Journal last week reported H-E-B would be opening a pureplay convenience store operation with plans to construct a 7,500-square-foot convenience and fuel center. "The convenience store market in San Antonio has become increasingly competitive over the past few years, made even more so with local CST Brands agressive expansion plans," the business journal reported.