Deals

Foot Locker has signed a lease for a redesigned flagship store in the heart of Manhattan’s 34th Street corridor.

The new Foot Locker store will be located directly opposite Macy's world flagship store, at the intersection of Broadway, Avenue of the Americas and West 34th Street, where an estimated 100 million pedestrians pass by annually. Foot Locker will consolidate from three floors into 34,200 square feet on a portion of the ground floor and the entire second floor.

Office Depot will urge its stockholders to support a merger with Staples by asking them to vote in favor of the $6.3 billion acquisition by Staples at an annual meeting, according to a regulatory filing.

Chicago -- Sears Holdings Corp. has tapped former Rouse Properties COO Benjamin Schall to lead new Sears REIT Seritage Growth Properties. The real estate investment trust was formed by Sears to buy some of its stores and generate $2.5 billion in cash.

Schall’s appointment is effective May 4. He spent three years as COO of publicly traded REIT Rouse, overseeing operations of 35 malls in 21 states.  

Jericho, N.Y. - Orangetheory Fitness, a fitness studio that uses heart-rate monitoring technology and interval training to improve and increase the workout experience, is expanding in Long Island. The fitness studio’s upcoming New York expansion includes Syosset at the Syosset Corners Shopping Center and in Melville in Melville.

Montreal – Canadian grocery retailer Metro Inc. is interested in purchasing some of the 133 Canadian stores Target Corp. finished closing earlier this month. In an April 22 conference call with investors, Metro said the possibility exists that it will try to purchase certain former Target stores.

"There are a few of those stores that could be of interest to us down the road if they become available," Eric La Fleche, CEO of Metro, said during the call.

Dallas - Corner Bakery Cafe plans to open 13 new stores in greater Cleveland. The retailer has entered into its first area development agreement in the state of Ohio.

Los Angeles -- Frederick's of Hollywood Group filed Chapter 11 after earlier closing all of its 94 remailing stores and entering into an agreement to sell its online business, inventory and intellectual property to Authentic Brands Group LLC for a reported $22.5 million.

Founded in 1947, the privately held retailer of sexy lingerie cited competition (it faced an especially formidable rival in Victoria’s Secret), decreased mall traffic and leases in its filing. It listed $36.5 million in assets and $106 million in debt.

Phoenix -- CBRE has announced that LeDonna Spongberg, a retail leasing professional, has joined the company’s Phoenix office as a first VP.