Deals

Photo: Central Valley Marketplace, Ceres, California

Dallas -- X Team International announced that partner Venture Commercial Real Estate completed three retail anchor leases for landlords and tenants, totaling 110,000 sq. ft. across Texas.

Walmart signed a ground lease to build a 42,000-sq.-ft. Walmart Neighborhood Market store at the site of a former Brookshire Brothers at 1030 N. University Drive in Nacogdoches.

Hobby Lobby signed a lease to open a 50,200-sq.-ft. store at 2200 S. Loop 256 in Palestine.

Oakbrook, Ill. -- InvenTrust Properties Corp. announced a series of appointments to its senior management team. The new appointments, effective immediately, are as follows:

· James Christensen has been named senior VP of asset management.
 
· Chris Dykstra has been named senior VP of property management.
 
· Nicole Horne has been named VP of transactions.
 

Seattle -- Nordstrom remains on the move with its off-price division.

Cincinnati -- Phillips Edison Grocery Center announced it has acquired three grocery-anchored shopping centers in Michigan, California, and Massachusetts.

Crossroads Towne Center is a 102,275-sq.-ft. grocery store-anchored shopping center in Howell, Michigan, a suburb of Ann Arbor, Michigan. The center is anchored by Kroger, and also features national tenants Great Clips, Jets Pizza, Subway, H&R Block, and Little Caesars.  

Hoffman Estates, Ill. – Sears Holding Corp. has met financial expectations for its new real estate investment trust (REIT) called Seritage Growth Properties. A 53.3 million-share Securities and Exchange Commission (SEC) subscription rights offering for Seritage that closed on July 2 was oversubscribed and generated about $1.6 billion, meeting expectations for gross proceeds of $1.57 billion.

St. Petersburg, Fla. - The Sembler Co. recently broke ground on the 65,000-sq-ft Shoppes at Trinity Lakes, a Publix-anchored shopping center located in Trinity, Florida. In addition to the 45,600-sq-ft Publix and 1,400-sq-ft Publix Liquor Store, Sembler has signed leases with nearly 11,000 sq. ft. of retailers new to the Trinity market.

Houston -- Houston-based Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced the acquisition of a 2.12-acre property with an existing 13,000-sq.-ft. office building located near the cross streets of U.S. Highway 59 N and West Little York Road in Houston.