Deals

New York -- Winick Realty Group announced that its New Jersey office has expanded, leasing a new location at 4 Commerce Drive in Cranford, which doubles the size of the company’s existing office.

The new 2,500-sq.-ft. office, which is set to open on Oct. 1, will allow the New Jersey branch to eventually accommodate up to 20 brokers and support staff.

Winick Realty Group said it plans to announce several new hires in its New Jersey office shortly after the completion of the move.

San Antonio, Texas -- The Woodmont Company has completed two, five-year leases with Altitude Trampoline Park for new locations in San Antonio and Spring, Texas.

Altitude Trampoline Park will occupy 27,428 sq. ft. of space at Heubner Oaks Shopping Center in San Antonio, Texas, a lifestyle center anchored by Regal Cinemas. The space is under construction with the grand opening anticipated this fall.

Peoria, Ariz. -- CBRE has completed the sale of Peoria Marketplace, a 25,481-sq.-ft. multi-tenant shopping center in Peoria, Arizona. The grocery shadow-anchored retail property was sold for $5.1 million.

The seller was G and T Retail Properties, LLC of Phoenix, and the buyer was Westlake Village, California-based Barstow Shopping Centers, LLC.

The property, which was 91% occupied at time of sale, features national tenants like Farmers Insurance, H&R Block, Panda Express, Little Caesar’s Pizza and Subway.

Washington, D.C. -- The Washington, DC-based brokerage Cassidy Turley agreed to sell 100% of its equity interests to an affiliate of DTZ Investment Holdings, which is backed by a consortium of investors.

The deal is expected to fully close on Dec. 31, after the consortium acquires DTZ around Oct. 31

Alpharetta, Ga. - McAlister's Deli has signed an agreement with existing franchise group Southern Deli Holdings LLC to open 10 additional locations throughout North and South Carolina, Colorado and Wyoming, with three locations slated to open in late 2014. In addition, the franchise group recently acquired seven existing locations in St. Louis.

The new development commitments will result in two new restaurants per year during the next five years.

Houston -- JLL announced it has expanded its retail tenant representation capabilities in Houston with the addition of Matt Parsons. In his new role, Parsons will be responsible for identifying and securing new space for expanding retailers in the market, and will partner with Mark Raines, who joined JLL in July to lead the firm’s Houston retail brokerage practice.



Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc. will open a new store in Arizona, on Sept. 27. The store is located in the Squaw Peak Plaza in Phoenix.  

Including this new location, dd’s Discounts operates approximately 150 locations in 13 states and is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

Chicago -- Urban Retail Properties, LLC, announced the acquisition of Oakland Square and Oakland Plaza in Troy, Michigan, by its parent company RAIT Financial Trust. Purchase price was $50.8 million.

Both properties are adjacent to Oakland Mall, a 1.5-million-sq.-ft. super-regional center that Urban Retail currently manages.

Virginia Beach, Va. -- Divaris Real Estate announced the signing of a lease with Paper Source for 2,700 sq. ft. of retail space in the Town Center of Virginia Beach. The next closest location for the retailer is in the Northern Virginia city of Alexandria.

Paper Source makes its Southeastern Virginia and Northeast North Carolina market debut on Main Street between Zushi Japanese Bistro and the soon-to-be-open Free People store. Paper Source is anticipated to open in first quarter 2015.

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., will open a new store in the California Central Valley on Sept. 27. The store is located in the Shaw Village Shopping Center in Clovis.  

Including this new location, dd’s Discounts will operate approximately 150 locations in 13 states and is on schedule to complete its expansion plan to open approximately 20 locations in 2014.