Deals

New York -- Jones New York stores won’t be shutting out the lights up north.

Canadian menswear retailer Grafton Fraser Inc. has acquired Jones New York’s 35 stores in Canada for an undisclosed amount. The Toronto-based company said it is planning "significant growth" in the number of Jones stores going forward.

Houston - Transwestern represented Mod Pizza in five leases totaling approximately 13,662 sq. ft. in the Houston market. Grant Walker, VP, and Chris Reyes, broker associate, who serve as exclusive advisors for Mod Pizza in the Houston market, represented the retailer in the transactions.

Mod will be operating more than 100 stores across the U.S. by the end of 2015 and has plans to open more than 30 additional locations in Houston within the next four to five years.

Mod Pizza’s newest Houston locations include:

Toronto – Lowe’s Canada is in growth mode. In addition to completing the acquisition of 12 former Target sites, the company also plans to open two more locations in Ontario, which will bring its total store count to 54 from 40.

Oak Brook, Ill. – Retail Properties of America Inc. (RPAI) has named Heath R. Fear as its new CFO and treasurer, effective Aug. 17. Fear will play a key role in the continued execution of the company’s portfolio and balance sheet strategy, in addition to oversight of all of financial activities, including capital markets, accounting, investor relations, internal audit, internal reporting and treasury.

Lowe's Canada announced that in addition to completing the acquisition of 12 former Target sites, the company also plans to open two more locations in Ontario. Construction is currently underway in Ancaster and Mississauga, representing an additional investment in excess of approximately $38 million (C$50 million.)

Toronto - Hudson’s Bay Company (HBC) is capitalizing on 42 real estate assets. The retailer has closed a joint venture with Simon Property Group focused on credit tenant, net-leased and multi-tenanted retail buildings in the U.S. and internationally.   

Covington, La. - Stirling Properties has completed its first retail development in Lake Charles, Louisiana. Academy Sports + Outdoors was relocated to a new location, adding an additional 22,000-sq.-ft. to the store. The new 72,000-sq.-ft. store was expanded to meet the demand of the growing Lake Charles community.

All of the land surrounding the larger Academy Sports + Outdoors is currently available for sale or lease.

Montvale, N.J. – So far, chapter 11 bankruptcy appears to be going as planned for The Great Atlantic & Pacific Tea Company (A&P). A&P has received approval for financing from the U.S. Bankruptcy Court of the Southern District of New York, bids for some stores, and will close 25 stores in the near term due to “lack of interest” and ongoing losses.