Deals

Gelson's Markets is joining Smart & Final on the acquisition of some Haggen properties in Southern California.

Gelson's, a regional supermarket chain operating in Southern California, announced it is bidding on eight Haggen locations across five counties: Los Angeles County (Santa Monica); Orange County (Laguna Beach, Ladera Ranch); Riverside County (Rancho Mirage); San Diego County (Carlsbad, Del Mar, Pacific Beach); and Ventura County (Thousand Oaks).

The bankrupt Haggen supermarket chain is following through on its promise to unload some of its California locations as the company looks to refocus its operations on 37 stores in the Pacific Northwest.

Haggen announced Monday that it has entered into an agreement with Smart & Final Stores Inc. for it to acquire 28 store leases and related assets from affiliates of Haggen Holdings for $56 million.

The bankrupt Haggen supermarket chain is following through on its promise to unload some of its California locations as the company looks to refocus its operations on 37 stores in the Pacific Northwest.

Miami -- Federal Realty Investment Trust, along with partners Grass River Property and The Comras Company, acquired 85% interest in The Shops at Sunset Place -- a 515,000 sq. ft. mixed-use center in South Miami, Florida for $110 million.

The transaction includes the assumption of an existing $70.8 million mortgage with an interest rate of 5.6% and maturity date of September 2020.

Rincon, Ga. -- Wheeler Real Estate Investment Trust, Inc. announced the acquisition of Fort Howard Square in Rincon, Georgia, for a purchase price of approximately $11.5 million, using a combination of cash and debt to pay for the property.

The center is 95% leased and anchored by Lowe’s and Walmart Supercenter.

St. Petersburg, Fla. -- The Sembler Company and Forge Capital Partners announced the purchase of Disston Plaza in St. Petersburg, Florida, which will be added to Forge Real Estate Partners III investment fund. The 123,000 sq. ft. shopping center is currently 98% occupied and is anchored by Publix and also includes Bealls Outlet and Dollar Tree.

Whatever you have planned for Saturday, Oct. 10, specialty apparel retailer Ross Dress for Less will probably be busier.

The Ross Stores Inc. banner is opening six new stores, including three in a new market, as well as relocating a store.

Mount Holly, N.J. -- Levin Management announced that Physician network Virtua Medical Group has leased 5,800 sq. ft. of space at Fairground Plaza in Mount Holly, New Jersey, where it plans to open its Virtua Express Urgent Care Center. Fairground Plaza is located on Route 541, serving a residential population of more than 81,000 people within a five-mile radius. The center is anchored by Acme supermarket and Staples.