Deals

Boca Raton, Fla. – Real estate investment firm The Herrick Company Inc., has acquired 44 retail/pharmacy properties located throughout the U.S. The properties, all of which are occupied under long-term triple net leases with CVS Caremark, were acquired for approximately $190 million.

Canton, Mass. – Dunkin’ Donuts has signed multi-unit store development agreements with two new franchise groups to develop 20 new restaurants in South Orange County and the San Fernando Valley area of California during the next several years. The two franchise groups and their development plans include:

New York —River Bay Plaza in Riverview, Fla., has sold for $5.8 million. Cohen Real Estate represented the buyer and seller, both private investment firms.

Located in Hillsborough County, the 79,288-sq.-ft. neighborhood shopping center is anchored by Winn Dixie, which recently exercised a lease option. Other recent developments include a new 10-year lease for Aaron’s and an option exercised by Dollar Tree.

About 163,000 people live within a five-mile radius of the center. Average annual household income is $70,000.

Lost Angeles — CBRE Group has announced that John Ferguson has been promoted to president, southeast region.

Ferguson has led CBRE’s southeast region since January 2011. His elevation to the title of president reflects outstanding performance across a broad range of leadership activities including new business development, business and sales management, market and industry leadership, client relationships and people management, said CBRE in a statement.

Irving, Texas — Yogurtland has signed a lease for 1,242 sq. ft. at Mansfield Crossing in Mansfield, Texas.

WindStar Properties represented the landlord, Mansfield Matlock Partners, in the transaction.  Transwestern Retail represented Yogurtland.

New York – Faith Hope Consolo, chairman, and Joseph Aquino, executive VP of Douglas Elliman's Retail Group are bringing Philadelphia-based, international Society jeweler, Paul Morelli, to 895 Madison Avenue, at the intersection of 72nd Street.

The jeweler has been a presence at Bergdorf Goodman since 1981. The multi-level first New York store will offer 40 feet of double frontage and face two Ralph Lauren mansions.

Dublin, Ireland – Discount fast-fashion retailer Primark, the Dublin-based subsidiary of U.K. retail and consumer group Associated British Foods, plans to enter the United States, opening a location in Boston. The 70,000-sq.-ft. store will open at the end of 2015 and be on the site of the former Filene's department store in the city’s downtown area.

Los Angeles — CBRE Group has promoted Lewis Horne to president, greater Los Angeles-Orange County region. Horne has led the CBRE region since 2007. His elevation to the President title reflects outstanding performance across a broad range of leadership attributes, including new business development, business and sales management, market and industry leadership, client relationships and people management, said CBRE in a prepared statement.