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Deals

  • LA Fitness inks four new leases in Central Texas

    Dallas — LA Fitness has signed leases for four new spaces, two in Austin, Texas, and two in San Antonio, Texas. Venture Commercial Real Estate represented LA Fitness in each transaction.

    In Austin, LA Fitness plans to begin construction immediately on a 40,000-sq.-ft. facility at 2020 Anderson Lane and a 46,200-sq.-ft. facility in the Lamar Oaks Shopping center on Lamar Boulevard. Retail Solutions and The Weitzman Group represented the landlords for the Anderson Lane and Lamar Boulevard locations, respectively.

  • Wal-Mart records $151 million net loss on India transaction

    Bentonville, Ark. – Wal-Mart Stores Inc. incurred a net loss of $151 million in the process of ending its partnership with former Indian partner Bharti Enterprises. According to Wal-Mart financial statements, in October 2013 the retailer paid $100 million for Bharti’s 50% interest in Bharti Wal-Mart Pvt. Ltd., which operates 20 wholesale stores in India.

  • R.J. Brunelli & Co. completes multiple retail leases in New Jersey, Maryland

    Old Bridge, N.J. - R.J. Brunelli & Co., LLC has recently completed a series of leases that will bring retail tenants to sites throughout New Jersey and Maryland. Dollar Tree recently signed a lease that will bring its Deal$ concept to an 11,400-sq.-ft. space in downtown Elizabeth, New Jersey. R.J. Brunelli serves as the retailer's exclusive real estate representative for all of New Jersey.

  • Mattress Firm acquires 75 Mattress King and BedMart stores

    Houston - Mattress Firm Holding Corp. has entered into an agreement to acquire Mattress Liquidators Inc., which operates Mattress King retail stores in Colorado, and BedMart retail stores in Arizona, for about $35 million. This will add approximately 75 specialty retail stores to the Mattress Firm company-operated store base in markets where it currently operates, primarily Denver, Phoenix and Tucson, Arizona.

    The closing of the acquisition is expected to occur by the end of the second fiscal quarter of 2014, subject to normal closing conditions.

  • Sunoco to acquire c-store operator Susser Holdings for $1.8 billion

    New York -- Energy Transfer Partners, parent company of Sunoco, plans to acquire Susser Holdings Corp in a stock-and-cash deal valued at $1.8 billion.

    Susser operates 630 convenience stores under the Stripes and Pac-N-Sac banners, in Texas and surrounding states. Sunoco operates more than 5,000 stores, primarily on the East Coast.

  • Sally Beauty opens in Round Lake Beach, Illinois

    Chicago — Sally Beauty Supply has opened a store in the Round Lake Court shopping center in Round Lake Beach, Ill. The professional beauty products retailer leased a 1,755-sq.-ft. space.

    CBRE represented Sally Beauty Supply in the transaction, and McCaffrey Interests represented the landlord.

     

  • Century 21 to anchor The Gallery in Philadelphia

    Philadelphia — Century 21 has signed into The Gallery in Center City Philadelphia. It is the iconic fashion retailer’s first location outside of the New York market, according to the Pennsylvania Real Estate Investment Trust, the owner and manager of The Gallery.

  • Winick leases up Gantry Park Landing in Long Island City

    New YorkWinick Realty Group has completed leasing the 12,919 sq. ft. of retail space at Gantry Park Landing, a new, 199-unit luxury rental building in Long Island City.

    Winick represented The Lightstone Group, the building’s owner, in three lease transactions.

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