Deals

Sacramento, California — West Coast shopping center owner/operator Pacific Castle has acquired four Sacramento-area properties for approximately $40 million, signaling an ongoing trend to add to the company’s diversified portfolio.

Virginia Beach, Va. - Divaris Real Estate Inc. has signed a lease with Twist Martini & Associates for 2,442 sq. ft. of retail space in the Town Center of Virginia Beach. Twist Martini will operate a full-menu, dine-in restaurant including a martini bar, a cigar club, an outside patio area and a private lounge on the second floor. 

Dublin, Calif. -- Ross Dress for Less will open three new stores in Indiana on July 19. The stores include Waterford Park South Shopping Center in Clarksville, Shops on Main in Schererville, and Erskine Village in South Bend. 

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 
 

Birmingham, Mich. – A new 49,000-sq.-ft. mixed-use development including an entire floor of retail space is slated to open in downtown Birmingham, Michigan, in third quarter 2015. According to the Macomb Daily News, the development, called “The Forefront,” will be located in the Principal shopping district and feature retail stores on the first floor and 11 luxury condos on the second and third floors.

The development will be built on the site of an existing building, which will be demolished.
 

Dublin, Calif. – Ross Dress for Less will open one new store in Las Vegas and two new stores in Florida on July 19. The new stores are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

The Florida stores will be located in Pier Park North in Panama City Beach and Royal Gardens Plaza in Hialeah Garden. They will give Ross a total of 140 stores in Florida.

Dublin, Calif. - Ross Dress for Less will open three new stores in Indiana on July 19. The stores include Waterford Park South Shopping Center in Clarksville, Shops on Main in Schererville, and Erskine Village in South Bend.  
    
These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

Patchogue, N.Y. -- A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

The 23,000-sq.-ft. space at 35-71 South Ocean Ave. will feature sushi restaurant 360 Taiko Sushi & Lounge (4,900 sq. ft.) and apparel retailer Jeans Fashion (2,500 sq. ft.).