Deals

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.

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.

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.

McKinney, Texas -- CBRE | UCR announced that Moviehouse & Eatery has purchased 6.78 acres of land at Craig Ranch in McKinney, Texas. The land is located at the northeast quadrant of Custer Road and Highway 121.

Moviehouse will build a 40,000-sq.-ft., 10-screen movie theater to open in May 2016. This will be the theater’s third location in DFW.
 

Dallas -- The Woodmont Co. represented Firehouse Subs in the food chain’s continued expansion in the Dallas-Fort Worth area. The fast-casual restaurant chain retained Woodmont to identify four strategic locations which have now been secured. The spaces range in size from 1,800 sq. ft. to 2,025 sq. ft., and the first of the four new restaurants opened in late January 2015, with the remainder opening as early as April 2015.

Grant Gary and Joseph Williams of The Woodmont Co. represented Firehouse Subs in all four transactions.

Center City, Pa. -- X Team International, an international alliance of retail real estate advisors, announced that partner MSC Retail has completed a lease transaction with New Balance Experience Store at 1615 Walnut Street in Center City.

The new 2,200-sq.-ft. ground-floor retail space is located on Philadelphia’s leading high street, and will sit alongside The Apple Store, Urban Outfitters and Free People. It opened on April 1.

Albuquerque, N.M. -- Heslin Holdings, Inc. announced the acquisition of West Central Plaza Shopping Center, a retail property located in Albuquerque, New Mexico. The firm plans to invest more than $12 million -- for both the acquisition and to redevelop and re-tenant the property -- as part of a value-add investment strategy.
 

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