Deals

Simon on Wednesday broke ground on Clarksburg Premium Outlets, in Montgomery County, Maryland.

This multi-million dollar project, which upon completion, will offer a collection of over 90 retailers. The center, scheduled to open in October 2016, is a joint venture between Simon, New England Development, and Streetscape Partners.

Located in one of the country's highest-income regions, and only 30 miles from the Washington, D.C., metro area, the center will feature 392,000 sq. ft. of leasable space.

The Bon-Ton Stores announced it will close its Elder-Beerman stores in the Huntington Mall in Huntington, West Virginia and the Lima Mall in Lima, Ohio. The retailer said it will not renew the stores’ leases, which terminate January 31, 2016.

Additionally, Bon-Ton is closing its namesake store in the Carousel Center in Syracuse, New York, upon its scheduled lease termination on February 28, 2016.

The company said it does not expect costs associated with the closing of the locations to be material.

RCS Real Estate Advisors announced today that it secured almost $2,000,000 at auction for home goods chain Anna's Linens, which filed for Chapter 11 on June 14.

Chicago -- Mid-America Real Estate Corporation announced it will exclusively represent Loyola University Chicago on their entire retail portfolio on the Lake Shore and Water Tower campuses in Chicago, as well as the retail at the base of a proposed Hampton Inn hotel.

Chicago-based Lakeside Management, NFP manages Loyola’s retail assets totaling nearly 110,000 sq. ft. and will be working closely with Mid-America.

Wegmans has confirmed the next location of the family-owned supermarket chain's 87th store.

The retailer plans to build a store in Lancaster, Pa. The store is expected to be up to 120,000 sq. ft. in size and similar in design to Wegmans’ newest stores.

HEB is considering an acquisition of regional grocer Brookshire Grocery, which would expand HEB beyond Texas for the first time, according to a new report.

If this deal comes to pass it would put HEB in markets beyond Texas, as Brookshire has stores in Southwestern Arkansas and western Louisiana, reports MyEastTex.com. The company’s website store locator lists 117 stores — 80 in Texas, 26 in La. and 11 in Arkansas.

Pickerington, Ohio -- Stark Enterprises acquires The Shoppes at Stonecreek in Pickerington, Ohio. The 45,000-sq.-ft. retail center is located east of Columbus and is currently 100% occupied. Featured tenants include Lifetime Fitness, Petland, Advanced Vapor, Lomonico’s and Roosters.

“This acquisition further expands our footprint outside of Northeast Ohio and is a prime opportunity for us to prove the transformational impact we have on our properties,” said Ezra Stark, COO for Stark Enterprises.

Huntsville, Ala. -- RCP Companies reveals plans for its newest development in Huntsville, Alabama, within the Central Business District. CityCentre at Big Spring is a $100 million mixed-use development project integrated within Big Spring on nine acres downtown and between Von Braun Center and Twickenham Square.

Site demolition has been completed with construction expected to commence by year-end and phase one opening in 2016.