Deals

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.  

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.

Beachwood, Ohio -- DDR Corp. announced the addition of Nordstrom Rack to The Shops at Midtown Miami, a 98% leased, 645,000-sq.-ft. urban, value-oriented power center in Miami.

DDR created space for Nordstrom Rack through its Project Accelerate initiative announced in May of 2014, whereby DDR is recapturing below-market leases from underperforming anchor tenants and backfilling these locations with best-in-class retailers.

Chain Store Age makes no secret of the fact that we are a retail publication – and have been since 1925. Our readership is retail headquarters executives and our content is directed toward, and influenced by, that very group.

In the September 2014 issue, however, we looked at another group – one that is integrally involved with retailers and often determines the success of a single store or an entire market:  retail brokers.

Palm Beach, Fla. -- On behalf of DMD Restaurant Group, JLL announced the firm has closed the sale of the former Carraba’s Restaurant, located at 2224 Palm Beach Lakes, West Palm Beach, Florida. DMD Restaurant Group plans to demolish the 1.7 acre site and construct a new free-standing, 8,500-sq.-ft. Twin Peaks restaurant with a 2,000-square-foot patio.

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.
 

Goodlettsville, Tenn. -- The battle for Family Dollar moved into higher gear on Tuesday with Dollar General raising its bid for Family Dollar to $9.1 billion, or $80 per share, up from $78.50 per share in its previous offer. Dollar General also warned that it would attempt a hostile bid if Family Dollar refused to enter into talks regarding the new offer.