Deals

North Shore, Long Island, New York - Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, of Douglas Elliman's Retail Group are the exclusive leasing and marketing team for the newly named Krypell Plaza at 15 Northern Boulevard, a two-building retail center being completed at the corner of Glen Cove Road.  The center will be anchored by international jewelry designer Charles Krypell in a multi-level location.  

St. Petersburg, Florida - The Sembler Company and Forge Capital Partners, in their Forge Real Estate Partners III investment fund, have recently purchased two shopping centers:  Causeway Shopping Center in Indian Harbour Beach, Florida, and Springdale Shopping Center in Austin, Texas.     FREP now owns five shopping centers, and the joint venture is actively seeking additional investments in grocery-anchored shopping centers throughout the Southeast.    

Mansfield, Connecticut - Charter Realty and Development has leased space at the East Brook Mall in Mansfield, Connecticut, to Dollar Tree. Dollar Tree has taken 9,733 sq. ft. and will be joining anchor tenants Kohl’s, Dress Barn, TJ Maxx, Michael’s, Olympia Sports, Radio Shack, and Applebee’s.   The 151,377-sq.-ft. center has signalized access from Route 195 (Storrs Road) and services 34,000 student, faculty and staff members of the University of Connecticut and Eastern Connecticut State University.

Baton Rouge, Louisiana - JLL’s Capital Markets experts announced the sale of Coursey Commons Shopping Center on behalf of Blue Ridge Real Estate Company. Wal-Mart Stores purchased the Baton Rouge, Louisiana shopping center for $10.9 million. The 67,775-sq.-ft. center is anchored by a Walmart Neighborhood Market and includes Sally Beauty Supply, AT&T Mobility, UPS store and Weight Watchers.  

San Antonio, Texas - CST Brands Inc and CrossAmerica Partners LP have agreed to jointly purchase 22 convenience stores in San Antonio and Austin, Texas from Landmark Industries, their third combined acquisition in less than three months. The 22 stores operate under the Timewise brand name and provide Shell-branded fuel.   

Canton, Mass. – Dunkin’ Donuts opened six new restaurants and remodeled one location with existing franchise partners during the last several weeks in  the Miami-Fort Lauderdale market. Currently, there are more than 150 Dunkin' Donuts restaurants located throughout the area.    In total, there are more than Dunkin’ Donuts 150 restaurants in the Miami-Fort Lauderdale market.

Phoenix – PetSmart Inc. has agreed to be purchased for about $8.7 billion by a consortium of buyers led by private equity firm B.C. Partners and also including pension fund manager La Caisse de dépôt et placement du Québec and private equity firm StepStone. The total figure represents an acquisition price of $83 per share, a 39% premium over PetSmart’s closing price on July 2, 2014.  

  New York - Online marketer Rent the Runway has signed a lease to open a store in Chicago. It will be the third freestanding store for the company, with one in New York City, and one in Washington, D.C. The company also operates a shop inside the Cosmopolitan Hotel and Casino in Las Vegas.   Rent the Runway  rents designer dresses for four days or eight days. Prices range from $30 to $450 for four-day rentals, depending on the dress. It also rents jewelry, handbags and other accessories. 

Indianapolis – Simon  has broken ground on Tampa Premium Outlets in Wesley Chapel, Florida. Opening in October 2015, the multi-million dollar project will bring a diverse mix of more than 110 retailers with 441,000-sq.-ft. of leasable space. It will also include  a  a food pavilion with multiple dining options.  

New York - Stonehenge Partners announced that Wells Fargo has officially opened its 1,375-sq.-ft. space at 120 Ninth Avenue. Wells Fargo is the first tenant to take occupancy at the retail property, which offers almost an entire block of frontage on 9th Avenue between 17th and 18th streets.