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Deals

  • Peak Financial, Misuma acquire Myrtle Beach Mall

    Woodland Hills, Calif. — Peak Financial Partners, Inc., a private real estate investment firm and Misuma Holdings, have acquired a $45 million note secured by Myrtle Beach Mall, a 521,000-sq.-ft. enclosed mall facility in Myrtle Beach, South Carolina.

  • KeyPoint Partners earns three new assignments

    Burlington, Mass. — KeyPoint Partners has added three new property management and leasing assignments to its portfolio. The firm will manage and lease Walnut Hill Plaza, a 298,000-sq.-ft. retail center in Woonsocket, R.I., and Summit Square, a 133,900-sq.-ft.-retail center in Warwick, R.I.

    In addition, KeyPoint will manage the 97,000-sq.-ft. Harbor Village in Townsend, Mass.

  • Men’s Wearhouse extends Jos. A. Bank offer to June 5

    Fremont, Calif. - The Men's Wearhouse has extended its all-cash tender offer for $65 per share for all of the currently outstanding shares of common stock of Jos. A. Bank to June 5, unless further extended. The tender offer was previously set to expire on May 21.

  • DLC acquires The Court at Deptford in Deptford, New Jersey

    Tarrytown, N.Y. — DLC Management Corp. has acquired The Court at Deptford in Deptford, New Jersey. DLC plans to redevelop the 361,000-sq.-ft. center located next to the Deptford Mall.

    Tenants include Ross Dress for Less, Party City, Pier 1 and Olive Garden.

    Shopping centers in the well-occupied trade area averages occupancy rates of 95%, thanks to a population of 210,985 with an average annual income of $77,600.

     

  • Legend Retail will represent 10 Denver retail centers

    Denver — AmCap, Brixmor Property Group and Kimco have selected the Legend Retail Group to represent nearly 2 million sq. ft. of gross leasing area at 10 different retail centers across the Denver metropolitan area. The centers include:

    AmCap
    • Market Square, at Havana and Mississippi (120,498 sq. ft.; 12,410 sq. ft. available)
    • Market Square, at Wadsworth and Jewell (92,759 sq. ft.; 8,090 sq. ft. available)
     
    Brixmor Property Group

  • Coldwater Plaza in Avondale, Arizona, sells for $2 million

    Phoenix — Sparty Holdings has acquired the 10,017-sq.-ft. Coldwater Plaza in Avondale, Arizona, for $2.085 million.

    Evergreen represented Sparty Holdings in the transaction. CBRE (www.cbre.com) represented the seller, a partnership between North Dysart SG and Coldwater Dysart Partners.

    The 10,017-sq.-ft. shopping center is 100% leased. Tenants include Pacific Seafood Buffet, Cricket Wireless, Hire Source Staffing, and Checkmate Loans.

  • Signet Jewlers closes $400 million senior notes offering

    Hamilton, Bermuda - Signet Jewelers Ltd. has closed the offering of $400 million senior unsecured notes due 2024 by Signet U.K. Finance PLC (a wholly owned indirect subsidiary of Signet). The notes will bear interest at a rate of 4.7% per year and mature on June 15, 2024.

  • Sears Canada sells minority stake in Quebec shopping center

    Toronto - Sears Canada Inc. has entered into an agreement for the sale of its 15% minority ownership interest in the Centre commercial Les Rivières shopping centre in Trois-Rivières, Quebec, for $33.5 million. Ivanhoé Cambridge, who holds the center in a joint arrangement with Sears Canada, is purchasing the 15% interest that it does not already own from Sears.

  • Dunkin’ Donuts seeks franchisees in Roanoke, Virginia

    Canton, Mass. – Dunkin’ Donuts is recruiting franchisees in Roanoke, Virginia. This month, the retailer signed a multi-unit store development agreement with existing franchisee Greg Nigro to develop 13 new restaurants throughout Richmond, Virginia.

  • Report: Conflict of interest may endanger Signet-Zale acquisition

    Dallas – A previously undisclosed conflict of interest may endanger the proposed $1.4 billion purchase of jewelry retailer Zale Corp. by rival Signet Jewelers. According to the New York Times, Bank of America, which represented Zale in talks with Signet, failed to disclose it had made an unsolicited presentation to Signet in October 2013 where it advised Signet to consider purchasing Zale.

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