Deals

New York - Online retailer Beyond the Rack has signed a long-term, 3,944-sq.-ft. lease at 561 Seventh Avenue, which will serve as the firm’s U.S. headquarters, with Handler Real Estate Organization. The tenant, relocating from the Bryant Park area, will occupy the entire third floor at 561 7th Avenue in December, pending build-out of the space.

Houston – Shipley Do-Nuts has signed a development agreement with Adkins Development Corp. to accelerate expansion in the Dallas/Fort Worth market. The agreement requires Adkins to open a minimum of 60 stores during a 15-year period.

Oak Brook, Ill. - Dollar Tree has signed a 12,767-sq.-ft. lease at Pelham Manor Shopping Plaza in Pelham, New York, bringing the center to 100% leased for the first time since it opened in 2008. The 228,000-sq.-ft. center caters to the surrounding neighborhoods of Pelham Manor, Mount Vernon, New Rochelle, and the north Bronx.

Acquired in 2013, the center features national retailers such as BJ's Wholesale Club, PetSmart, Michaels and more. Dollar Tree will be located next to Five Guys Burgers and Fries and is expected to open in early November.

Virginia Beach, Va. -- Divaris Real Estate, Inc., announced the appointment of Elizabeth Greer and Joseph Lowery as agents in its headquarters location in Virginia Beach.

Elizabeth Greer is a sales and leasing associate, responsible for office leasing services, including tenant and landlord representation. She is also involved with the redevelopment project of Fort Monroe, located in Hampton, Virginia.

Matthews, N.C. — Family Dollar Stores on Friday rejected the sweetened, $9.1 billion take-over bid made by Dollar General on Sept.

Dallas -- UCR Dallas has named Dan Shoevlin, a five-year veteran of the firm, as partner.

Shoevlin handles such high-profile assignments as Highlands at Flower Mound in Texas, Danada Square West in Illinois, Collin Creek Shopping Center, Addison Walk, Twin Creeks Village, Woodland Plaza in Tulsa and Museum Place in Fort Worth.

As partner, Shoevlin is charged with further growing the brokerage platform to meet the demand for institutional-quality leasing/management service in the Dallas/Fort Worth market and in other cities.

San Diego -- Marcus & Millichap announced the appointment of Rick Puttkammer to the position of regional director of its National Retail Group. Puttkammer is based in the firm’s San Diego office and his appointment is part of the firm’s strategy to enhance its brokerage support and client services.

Prior to joining Marcus & Millichap, Puttkammer was senior VP at Colliers International in San Diego, where he focused on institutional investment sales in the Western United States.  

Dallas -- CBRE’s National Retail Investment Group announced the sale of Centennial Plaza, a 233,797-sq.-ft. power center in Oklahoma City, on behalf of Kimco Realty Corp., to American Realty Capital-Retail Centers of America.

Centennial Plaza, at 100% occupancy, is tenanted by Home Depot, Best Buy, Gordmans and Guitar Center. Home Depot’s Centennial Plaza location is the retailer’s first and only urban location in the city.