Deals

El Paso, Texas – A 20,000-sq.-ft. retail center is planned to open in El Paso, Texas, this summer. The center will be constructed by EP Riverbend Development and real estate broker Will Brown on a mostly empty site occupied by a single liquor store, which will be torn down.

The center will be called The Substation and offer spaces as small as 800 sq. ft. for rental. Plans include outdoor spaces and seating and a closed pedestrian mall. Construction is set to begin in the fall.

New York -- Trader Joe’s continues its expansion in South Florida with fall openings planned for three stores in Palm Beach County, the Sun Sentinel reported.

The grocer will open locations in Delray Beach, Palm Beach Gardens, Boca Raton, all in September, the report said.

Dublin, Calif. — dd’s Discounts, a division of Ross Stores, will open its 23rd new store in Florida on June 28 in the Hallandale Shopping Center in Hallandale Beach, Florida. When this store opens, dd’s Discounts will operate more than 140 locations in 12 states. The retailer is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

Paterson, N.J. — Planet Fitness will open an 18,000-sq.-ft. facility at 100 Hamilton Plaza in Paterson, New Jersey, the facility will occupy the first-floor retail space in the 175,000-sq.-ft. downtown office tower.

Cushman & Wakefield’s East Rutherford, N.J., office represented the building’s owner, Mountain Development Corp. in the transaction. Ripco Real Estate represented the Planet Fitness franchisee, who operates several other regional locations.

New York -- China's Alibaba Group Holdings plans to list its shares on the New York Stock Exchange, Bloomberg reported. In a filing on Thursday, the company revealed it will use the ticket "BABA."

Alibaba filed for its IPO in May. The online giant is looking to sell about a 12% stake, the report said. Experts have said it could be the largest U.S. IPO ever.

New York — Handcrafted eyewear retailer, Dita, has leased a 1,300-sq.-ft. store at 273 Lafayette Street in SoHo. It will be Dita’s first Manhattan locations and its New York flagship. RKF represented Dita in the transaction, while The Lansco Corp. acted on behalf of the landlord, 157 Prince Street Associates.

New York — Cohen Real Estate, a Manhattan-based full-service brokerage firm specializing in retail properties throughout the United States, has been retained to market Shoppes of Silverwood, a full-service strip shopping center located in Ricon, Georgia.

Oak Brook, Ill. — Inland Diversified Real Estate Trust stockholders have voted overwhelmingly to approve the previously announced merger with Kite Realty Group Trust. Assuming all conditions to closing the merger have been satisfied, it is expected to close on or after July 1, 2014.

Duluth, Minn. – Specialty young women’s apparel store Maurices plans to open 15 new stores, including seven grand openings and eight reopenings, through the middle of July. The new stores include:

Grand Openings:
June 27: Lufkin, Texas at Lufkin Mall and Greensburg, Indiana, at Greensburg Crossing.
July 4: Aurora, Colorado, at The Gardens on Havana.
July 5: Hoffman Estates, Illinois, at Poplar Creek Crossing.

New York — Dear Rivington, a designer fashion boutique selling clothing, eyewear, pottery and jewelry, has signed a lease to relocate to a new location in the NoHo district of Manhattan’s Lower East Side. The 3,300-sq.-ft. store features 2,000 sq. ft. of ground floor space with high ceilings and a skylight. The 1,300-sq.-ft. lower level has also been fitted out for retail and not just storage.

The distinctive storefront features oversized barn style doors that give the store a private feel.