Deals

NEW YORK — 18 | 8 Fine Men's Salons has leased its first New Jersey locations in Somerset and Essex Counties. Winick Realty Group New Jersey broker Alison Cohen, the exclusive broker for 18|8 Fine Men's Salons in New Jersey, represented the salon in both transactions.

NEW YORK — The leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive vice, along with Arthur Maglio, of Douglas Elliman’s Retail Group, has arranged a long-term lease for Moe's Sneaker Spot at 1890 Adam Clayton Powell Blvd., on the southwest corner of 115th Street. It is the second Manhattan location for the rapidly expanding retailer, which presently operates a dozen stores throughout New York and New Jersey.

Goodlettsville, Tenn. – Dollar General Corp. is upping the ante in its $9.1 billion bid to purchase Family Dollar Inc. by making a hostile takeover offer to Family Dollar stockholders of $80 per share. This offer beats the $74.50 per share, $8.5 billion offer Family Dollar has accepted from Dollar Tree Inc, and is a 32% premium over the closing price of $60.66 for Family Dollar stock on Sept. 9.
 

Stein Mart plans to open six new stores this fall just in time for Christmas. The store openings are part of the company’s 2014 store expansion plan, which includes nine new locations, strategically selected in key growth markets, and seven relocations.

The openings will bring the company's total nationwide store count to more than 270.

Since Family Dollar’s board of directors unanimously rejected Dollar General’s second and sweetened tender offer from Sept. 2, Dollar General has decided to make the tender offer directly to the company’s shareholders.

The company’s all-cash offer of $80 per share beats Dollar Tree’s offer of $74.50 per share cash/stock offer originally made July 28. The Family Dollar board has rejected both Dollar General’s offers on the basis of antitrust regulatory considerations.

Canton, Mass. – Baskin-Robbins is expanding its footprint in Southern California with both existing and new franchisees from San Diego to Bakersfield, California. Existing Baskin-Robbins shops also are available throughout Southern California.

New York - Online retailer Beyond the Rack has signed a long-term, 3,944-sq.-ft. lease at 561 Seventh Avenue, which will serve as the firm’s U.S. headquarters, with Handler Real Estate Organization. The tenant, relocating from the Bryant Park area, will occupy the entire third floor at 561 7th Avenue in December, pending build-out of the space.

Houston – Shipley Do-Nuts has signed a development agreement with Adkins Development Corp. to accelerate expansion in the Dallas/Fort Worth market. The agreement requires Adkins to open a minimum of 60 stores during a 15-year period.

Oak Brook, Ill. - Dollar Tree has signed a 12,767-sq.-ft. lease at Pelham Manor Shopping Plaza in Pelham, New York, bringing the center to 100% leased for the first time since it opened in 2008. The 228,000-sq.-ft. center caters to the surrounding neighborhoods of Pelham Manor, Mount Vernon, New Rochelle, and the north Bronx.

Acquired in 2013, the center features national retailers such as BJ's Wholesale Club, PetSmart, Michaels and more. Dollar Tree will be located next to Five Guys Burgers and Fries and is expected to open in early November.

Dallas -- UCR Dallas has named Dan Shoevlin, a five-year veteran of the firm, as partner.

Shoevlin handles such high-profile assignments as Highlands at Flower Mound in Texas, Danada Square West in Illinois, Collin Creek Shopping Center, Addison Walk, Twin Creeks Village, Woodland Plaza in Tulsa and Museum Place in Fort Worth.

As partner, Shoevlin is charged with further growing the brokerage platform to meet the demand for institutional-quality leasing/management service in the Dallas/Fort Worth market and in other cities.