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Deals

  • JLL appoints new head of Midwest Retail

    Chicago — Jones Lang LaSalle recently appointed senior VP Larry Kilduff, a 25-year industry veteran, as head of the firm’s Midwest Retail platform, which is based in Chicago. Prior to JLL, Kilduff owned and operated two retail real estate development companies and worked with leading retailers including Wal-Mart, Target, Kmart, Sears, Bon-Ton, Kohl’s and J.C. Penney.

  • Tesco's to sell Fresh & Easy

    EL SEGUNDO, Calif. — Private investment firm Yucaipa Cos., which was founded by billionaire Ron Burkle, plans to acquire Fresh & Easy Neighborhood Market from U.K.-based Tesco PLC.

    Yucaipa's purchase is slated to be complete within three months. In the meantime, it is expected to be business as usual for most Fresh & Easy stores.

  • Fresh & Easy acquired by Yucaipa; store closures on tap

    Los Angeles -- Grocery chain Fresh & Easy confirmed reports that its British parent Tesco LLC has sold the brand to private equity firm The Yucaipa Cos., following months of uncertainty about the 200+-unit chain’s future.

    Fresh & Easy posted on its website Tuesday that more than 4,000 jobs would be saved under the purchase agreement but that some stores will be closing.  Specific stores have not been identified, and the terms of the agreement weren’t disclosed.

  • Transwestern acquires Richards Barry Joyce & Partners

    Houston — Transwestern’s Houston headquarters today announced that it is acquiring Richards Barry Joyce & Partners, a full-service real estate firm based in Boston. It will become Transwestern’s 34th U.S. office.

  • Smart & Final Extra! Signs into San Dimas Plaza

    San Diego — Brixmor Property Group has leased approximately 45,000 sq. ft. to Smart & Final Extra! at Brixmor’s San Dimas Plaza in San Dimas, Calif. The supermarket/warehouse store will take over the space formerly occupied by Ralphs. NAI Capital represented Smart & Final.

    T.J. Maxx anchors the 119,157-sq.-ft. San Dimas Plaza alongside national retailers Rite Aid, Payless ShoeSource, Sprint and RadioShack.

     

  • Cobbs Ford Village adds three tenants

    Prattville, Ala. — Cobbs For Village, a 2.52-acre inline shopping center currently under construction in Prattville, Ala. is adding three tenants to its lineup.

    Smashburger, Gigi’s Cupcakes and Chipotle Mexican Grill have signed leases with GBT Realty Corp. and will take up residence when the center opens next spring.

    The new tenants join previously announced Starbucks Coffee, Aspen Dental and Firehouse Subs. GBT Realty is currently in lease negotiations for two of the four remaining available spaces.

     

  • Dollar Tree to lease through R.J. Brunelli in New Jersey

    Old Bridge, N.J. — Dollar Tree has retained R.J. Brunelli & Co. as exclusive leasing agent for all of New Jersey, adding areas south of Route 195 to the northern and central parts of the state that the firm has been handling all along.

  • Paragon acquires Woodland Hills Center

    Los Angeles — PCG Woodland Hills Topanga LLC, an affiliate of Paragon Commercial Group, has acquired the Woodland Hills Shopping Center located in the Warner Center master planned community in the San Fernando Valley. Paragon Commercial Group acquires, develops and manages high quality, value add retail investments. The seller was Woodland Hills Retail.

    The 112,649-sq.-ft. center was 100% leased at the time of the sale. Anchor tenants include Toys “R” Us, Office Depot and Off Broadway Shoes.

  • Transwestern brings on new managing director

    Los Angeles — David K. Henry will join Transwestern as a Los Angeles-based managing director. He will lead the West Coast Tenant Advisory Services group and serve occupier clients with locations throughout the U.S. along with the tenant advisory group’s international alliance with Paris-based BNP Paribas Real Estate. Henry will also join the firm’s National Tenant Advisory Steering Committee.

  • Robert Graham opens first New York City store

    New York— Robert Graham has announced a new lease agreement to open its first New York City store on Bleecker Street this fall. The West Village Bleecker Street fashion corridor houses Burberry, Brunello Cucinelli, Marc Jacobs, rag & bone, and Ralph Lauren.

    Robert Graham currently operates six freestanding stores across the country. They are located in Los Angeles, Houston, Las Vegas, Boca Raton, Fla., Long Island, N.Y., and Short Hills, N.J.

     

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