Deals

Campbell Soup Company has designated Brandywine Realty Trust as the developer of the mixed use development for Camden’s Gateway District. Campbell, the State of New Jersey, the County and City of Camden announced plans to develop the area adjacent to the company’s world headquarters in February 2007 with Campbell designated as the master redeveloper of the project.

The 13 acres earmarked for development are located off Newton Ave., between Admiral Wilson Blvd. and 11th Street.

Dublin, California -- Ross Dress for Less will open a new store in the Ridgewood Court Shopping Center, in the capital city of Jackson, Mississippi, on Oct. 11. It is the retailer’s second location in the greater Jackson area.

This new opening is part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.  

Together, Ross Dress for Less and dd’s Discounts currently operate over 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.

Toronto -- Slate Retail REIT announced that it has entered into a binding agreement to purchase two grocery-anchored shopping centers.

Oakland Commons, a 73,705-sq.-ft. property in Bloomington, Illinois, will be acquired for $8.2 million ($111 per square foot). The 100% occupied property is anchored by Jewel-Osco, a subsidiary of Albertsons LLC.

Howell, N.J. -- Norman’s Hallmark, a family-owned and operated card and specialty gift retailer, has signed a lease to occupy 5,200 sq. ft. at Aldrich Plaza, Howell, New Jersey, announced Levin Management, exclusive leasing and managing agent for the 150,000-square-foot shopping center.
 
Gloria Mercado, Levin’s leasing representative, negotiated the long-term lease.
 

Dublin, Calif. - Ross Dress for Less will open a new store in Kansas on Oct. 11. The store is located in Schulman Crossing in Garden City.  

This new opening is part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 

Dallas -- Cypress Equities companies announced that Cypress Lake Pleasant, LP, a new affiliated partnership, has purchased the fee simple interest in the Lake Pleasant Crossing shopping center in Peoria, Arizona.

Cypress previously held a ground lease interest in the property, having developed the existing shopping center and Lowe’s Home Improvement Center on the site. With the purchase, Cypress is in the process of making several upgrades to the existing center as well as planning for the second phase of development.