Deals

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., opened a new store in northeast Las Vegas on June 27. The 22,000-sq.-ft. store is located in Bonanza East Shopping Center at the intersection of North Eastern Avenue and East Bonanza Road, 1.5 miles northeast of downtown Las Vegas.  

The newest location brings the retailer’s total store count in the Las Vegas area to four.
 

Dublin, Calif. -- Ross Dress for Less will open new stores in Corbin, Kentucky, and in Middletown, Kentucky, both on July 18.  

The 22,000-sq.-ft. Corbin store is located in the Trademart Shopping Center at Highway 25 and Master Street.

The 25,000-sq.-ft. Middletown store is located in Middletown Commons at Interstate 265 and Shelbyville Road, 14 miles east of Louisville.  

Both are part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.  

Dublin, Calif. -- Ross Dress for Less will open a new store in Montrose, Colorado, on July 18, as well as a new store in Phoenix on the same day, adding to its western U.S. store counts.

The 27,000-sq.-ft. Montrose, Colorado, store is located in the River Landing shopping center at US Highway 550 and Rio Grande Avenue, 60 miles southeast of Grand Junction.  

Dublin, Calif. -- Ross Dress for Less (“Ross”) isn’t slowing down its brick-and-mortar expansion.

The chain will open a new location in Salina, Kansas, on July 18. The 25,000-sq.-ft. store is located in the Central Mall, 80 miles north of Wichita. The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.  

New Rochelle, N.Y. – Welco Realty Inc. has leased 21,500-sq.-ft. of retailer space to Michaels Stores Inc. at The Mill Creek Mall at Harmon Meadow in Secaucus, N.J. Jerry Welkis, a principal of Welco Realty, represented the landlord, Hartz Mountain Industries.
 
The tenant was represented by Jamie Sackeim of The Dartmouth Company.  Other tenants in the center are PetSmart and Marshall’s/Home Goods. Adjacent tenants include Bob’s Furniture, Sports Authority, T.J.Maxx, Toys / Babies R Us, and Kohl’s.
 

San Antonio, Texas - CST Brands Inc., through its CrossAmerica Partners LP wholly-owned subsidiary, has closed its previously announced acquisition of the Charleston, West Virginia-based One Stop convenience store network. CST is also moving 29 recently constructed stores into its wholly-owned CrossAmerica partnership via two “dropdown” transactions.

Several months after its CEO resigned in September, Pep Boys says it is reviewing strategic alternatives, including a possible sale, merger or other deal.

York, Pa. - The Bon-Ton Stores Inc. is selling six stores for $84 million to CPA: 17 – Global, a non-traded real estate investment trust (REIT) of global net lease REIT W.P. Carey Inc. Bon-Ton will lease the stores back.

Proceeds from the transaction will be used to pay one of two of the company’s mortgage loans due in April 2016. Each loan has about $105 million in principal and consists of 12 properties. Bon-Ton is actively pursuing refinancing options for the second loan.