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Deals

  • Delhaize bails on Bottom Dollar

    ALDI is accelerating its growth and dramatically increasing its presence in the Northeast with the acquisition of 66 Bottom Dollar Food stores from Delhaize Group.

    Delhaize said it reached an agreement to sell its 66 Bottom Dollar stores in the greater Philadelphia and Pittsburgh markets for $15 million and associated lease liabilities. Delhaize said it would take an asset impairment charge of $180 million in conjunction with the sale.

  • Delhaize to sell Bottom Dollar stores to Aldi for $15 million

    Brussels, Belgium -- Delhaize Group has signed an agreement to sell its Bottom Dollar Food stores to deep-discount grocer Aldi Inc. for approximately $15 million, including the assumption of associated lease liabilities. The transaction, which involves  66 Bottom Dollar stores in the greater Philadelphia and Pittsburgh markets, is expected to result in an asset impairment and other charges for Delhaize Group of approximately $180 million.  

  • Simon breaks ground on Tucson Premium Outlets

    Marana, Ariz. -- Simon broke ground Thursday on Tucson Premium Outlets in Marana, Arizona. The multi-million dollar project will feature more than 90 retailers, and is slated to open fall 2015.  

  • Walgreens files for bond offering to finance Alliance Boots purchase

    New York –- Walgreens has reportedly filed for an eight-part benchmark bond offering to help finance its planned $5.3 billion purchase of U.K. drugstore retailer Alliance Boots GmBH. According to Bloomberg, Walgreens has filed with the SEC for three-, five-, seven-, 10-, 20- and 30-year fixed-rate bonds, as well as 18-month and three-year floating-rate notes.  

  • JLL adds retail expertise in San Francisco Bay area

    San Francisco--JLL announced that it has expanded its retail brokerage practice in Northern California with the addition of Jamie Kendall as VP. Kendall will be based in the firm’s San Francisco office, and will partner with the firm’s existing retail, agency leasing and investment sales teams to help maximize the value of retail assets for JLL’s growing client base in downtown San Francisco.

  • The Gifted Barber Shop to open in Desert Square

    Tucson, Ariz. -- The Gifted Barber Shop is opening in the Desert Square Shopping Center located at the northeast corner of Golf Links and Kolb Roads in Tucson, Ariz.

     

    The new barber shop will be 1,200 sq. ft. and is grand-opening on Nov. 7.

     

    Craig Finfrock of Commercial Retail Advisors, LLC represented the landlord, 26 Palms Delaware, LLC and Sierra Industrial Park Delaware, LLC.

  • Charter Realty acquires North End Gateway property

    Boston -- Charter Realty & Development Corp. announced the acquisition of 60-70 Cross Street in Boston’s North End. The property is the latest addition to Charter’s growing commercial portfolio in Massachusetts and kick-starts its new urban program. Charter currently owns and operates over a million and a half square feet of commercial space in the Bay State.  

  • Juice Generation to open new Maiden Lane location

    New York City -- Juice Generation, a juice bar concept with 12 locations in Manhattan and Brooklyn, signed a lease for its first Financial District location at 101 Maiden Lane, located at the corner of Pearl Street at the base of the luxury residential complex 2 Gold Street.  
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