Deals

Hoffman Estates, Ill. – Sears Holding Corp. is protecting the assets of its pension fund following the creation of its Seritage Growth Properties real estate investment trust (REIT).

The company has entered into a five-year agreement with Pension Benefit Guarantee Corp. (PBGC) to guarantee that it will continue to make required contributions to the fund.

New York -- An Irish fast-fashion leader is getting ready to make its U.S. debut.

Primark, known for its value prices and on-trend fashions for the entire family, leased a 677,000-sq.-ft. distribution center to support its entry into the United States.

Plainfield, Ind. -- Mid-America Real Estate Group announced that its corporate investment sales team recently brokered the sale of The Shops at Metropolis located in Plainfield, Indiana. Chicago-based Core Equities purchased the 131,195-sq.-ft. center anchored by Burlington Coat Factory and The Room Place.

Joe Girardi and Rick Drogosz of Mid-America Real Estate Corporation were the brokers in the transaction on behalf of Dallas-based Tabani Group.

North Plainfield, N.J. -- Levin Management announced it has been named the exclusive leasing agent for two New Jersey properties: Whiting Town Center in Whiting Township and Fords Shopping Center in Woodbridge Township.

Whiting Town Center is a 118,000 sq. ft. grocery-anchored property with a mix of retail, restaurant and service tenants. Earlier this year Levin was retained by new ownership to continue its role as managing agent for Whiting Town Center.  

The founder and chairman of U.K.-based online luxury retailer Net-a-Porter has unexpectedly resigned from the company ahead of a merger with another e-commerce group.

The value of a super premium domain name that people instinctively visit during the holidays will be revealed soon as a leading asset disposition firm looks to extract maximum value for Santa.com.

Toronto – Real estate transactions helped Sears Canada swing to a profit in the second quarter even as revenue and same-store sales decreased.

The retailer on Wednesday reported net earnings of $13.5 million, compared to a net loss of $21.3 million the same quarter a year earlier. The company, which has been working to turn around its business, also announced additional cost-cutting plans and real-estate sales.

Newcastle, Wash. -- Retail Properties of America announced that it has closed on the off-market acquisition of Coal Creek Marketplace, a 56,000 sq. ft. grocery-anchored center located in Newcastle, Washington for approximately $17.6 million. The center is currently 95% occupied and anchored by Quality Food Centers, a subsidiary of Kroger.