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Deals

  • DDR exits joint venture in Buffalo

    Beachwood, Ohio -- DDR Corp. announced the sale of an 11-property portfolio--located primarily in the Buffalo MSA that was previously held in joint venture with Kuwaiti Financial Centre II--for a total of $154 million. The portfolio was comprised of small-format traditional grocery-anchored centers and single tenant non-prime assets.  

  • Stirling Properties’ Beezie Landry closes on sale of three investment properties

    Covington, La. -- Stirling Properties’ Beezie Landry, senior sales and leasing executive, closed on the sale of three investment properties, totaling over $15 million. In each of these transactions, Landry represented the Seller.   The CVS property on Greenwell Springs Road in Baton Rouge, Louisiana is a 13,824-sq.-ft. building purchased by a private New York- based investor for $4.75 million.
  

  • Venture Commercial completes sale of two Burlington Coat Factory buildings

    Dallas -- X Team International announced that partner Venture Commercial Real Estate completed the sale of two properties in Richardson, Texas and Waco, Texas, representing more than 150,000 sq. ft. of retail space.   

  • Phillips Edison acquires grocery-anchored center in Calif.

    Cincinnati -- Phillips Edison-ARC Grocery Center REIT II Inc. has acquired Laguna 99 Plaza, adding another property in California to the company's portfolio. Laguna 99 Plaza is an 89,188-sq.-ft.grocery store-anchored shopping center located in Elk Grove, California, part of the Sacramento metropolitan statistical area.    Laguna 99 Plaza is anchored by Walmart Neighborhood Market. Other national and regional tenants at the center include GNC, Metro PCS, and Goodwill. 

  • Chelsea Bagel leases second Manhattan location

    New York City -- Chelsea Bagel, operating on West 14th Street for the past five years, has leased its second Manhattan location.  

  • 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.

  • Panera Bread to make debut in Culver City

    Los Angeles -- Real estate investment and services firm Kennedy Wilson has negotiated a 10-year retail lease for Panera Bread, the chain’s first location in Culver City, Calif. The 5,100-sq.-ft. property is located at 10990 Jefferson Blvd. within the Studio Village Center.  

  • 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.

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