Deals

Batavia, Ill. – Aldi Inc. has completed its purchase of 66 Bottom Dollar Food stores from the Delhaize Group. The transaction includes the land, buildings and leasehold improvements associated with Delhaize's recently retired Bottom Dollar Food operation.

Fort Worth, Texas – RadioShack is reportedly asking a bankruptcy court to approve a roughly $160 million bod from Standard General LP that would keep 1,743 stores of the retailer’s roughly 4,000 stores open. According to the Wall Street Journal, the Standard General bid also the backing of the official committee of RadioShack’s unsecured creditors.

Aldi's pace of growth is about to quicken now that its acquisition of Delhaize Group's Bottom Dollar Food store locations is complete.

The retailer announced it has completed its purchase of 66 real estate assets from the Delhaize Group. The transaction includes the land, buildings and leasehold improvements associated with Delhaize's recently retired Bottom Dollar Food operation.

Atlanta -- GBT Realty Corporation acquired a 1.7-acre site in East Cobb County, Atlanta, at the intersection of Roswell Road and East Cobb Drive near Johnson Ferry Road. Currently the site of a 10,240-sq.-ft. building occupied by Chuck E. Cheese’s, the firm plans to redevelop the parcel with demolition slated this spring.  

GBT acquired the site from Empress Theatres for $1.65 million. No additional terms were disclosed.

New York -- RKF has arranged a 1,560-sq.-ft. lease with international high-end fashion retailer IRO at 241 Columbus Avenue on the Upper West Side in New York City. This will be the second Manhattan store for the French apparel brand, known for its mixing of luxury fabrics with casual street style.

The transaction was arranged by RKF’s executive VP Joshua Strauss and associate Taryn Talmadge, who represented IRO, while the building ownership was represented by RKF executive VP Ariel Schuster and managing director Brandon Eisenman.

Boston -- Cushman & Wakefield announced the sale of South Cape Village in Mashpee, Massachusetts, to Dividend Capital. The Cushman & Wakefield team oversaw the $35.45 million transaction of the Roche Brothers-anchored lifestyle center on behalf of Mashpee Investors, LLC.    

New York -- Thor Equities has signed a contract to acquire a prime retail and office property at 102 Avenue des Champs-Elysees in Paris. “102 Avenue des Champs-Elysees is at the center of one of the most desirable locations in the world, just blocks from the Arc de Triomphe and Place Charles de Gaulle,” said Joseph Sitt, CEO of Thor Equities.  “We continue to believe strongly in the Paris retail market, in particular prime shopping and tourist destinations such as the Champs-Elysees and Boulevard Haussmann.”
 

Mobile, Ala. -- JLL announced the expansion of its platform in Alabama with the addition of Shannon Tyndall and Allen Garstecki. Tyndall and Garstecki join JLL as VPs, and bring more than 20 years of combined experience to the firm. They will be based in the firm’s Mobile office, bolstering the existing practice that JLL built last year when it added Gulf Coast Retail Brokerage lead Josh Burmeister and VP Buff Teague.

The team provides retail and office expertise throughout Alabama, Mississippi, Louisiana and the Florida Panhandle.

IKEA plans to open a store of truly epic proportions on a 22 acre site in Burbank, Calif., that will require the home furnishing retailer first demolish 19 existing structures.

Alpharetta, Ga. - McAlister's Deli is targeting Phoenix for franchise growth. The fast-casual dining chain is seeking experienced multi-unit restaurant operators to help expand McAlister's presence in the market through multi-unit development agreements in areas such as Mesa, Tempe, Chandler, Gilbert, Glendale and Goodyear.