Deals

Canton, Mass. - Dunkin' Donuts has signed a multi-unit store development agreement with existing franchise group, Sizzling Donuts LLC for 46 new restaurants throughout the greater Sacramento, Calif., metro area and surrounding cities of Stockton, Modesto, Tracy, Manteca, Placerville and Davis, Calif.   

North Plainfield, N.J. — Levin Management has promoted Jake Frantzman to senior leasing representative. Responsible for more than 1.6 million sq. ft. of gross leasable area throughout Levin’s extensive management and leasing portfolio, Frantzman handles leasing for Somerset Shopping Center in Bridgewater, N.J., Paramus Place in Paramus, N.J. and Stafford Park Shopping Center in Manahawkin, N.J. He also serves as leasing agent for the retail component of Edgewater Harbor, a mixed-use waterfront redevelopment in Edgewater, N.J.

Boston -- Online retailer Wayfair has added 170,000 sq. ft. to its lease with Simon Property Group at The Offices at Copley Place in Boston's Back Bay neighborhood. In anticipation of a June 2014 relocation, the additional space brings Wayfair's new office space to a total footprint of 275,000 sq. ft.

Online retailer Wayfair has added 170,000 sq. ft. to its lease with Simon Property Group at The Offices at Copley Place in Boston's Back Bay neighborhood. In anticipation of a June 2014 relocation, the additional space brings Wayfair's new office space to a total footprint of 275,000 sq. ft.

Remember 2011 and 2012? Back then, the forecasters were saying that the economy would probably be sluggish through 2013. After that, starting in 2014, growth would return.

Oak Brook, Ill. — Inland Real Estate Income Trust has acquired the 69,381-sq.-ft. Park Avenue Shopping Center in Lille Rock, Ark., for $28.12 million. IREIT Business Manager & Advisor assisted Inland Real Estate Acquisitions in the transaction.

Virginia Beach, Va. — Divaris Real Estate has announced four new retail leases in the greater Richmond area.

Friendly Motors has leased 5,000 sq. ft. in the Divaris-leased and –managed Belt Trade Center.

Zoe’s Kitchen has taken 2,800 sq. ft. in The Corner at Short Pump. DRE’s Richmond office represented the tenant in the negotiations.

Men's Wearhouse and Jos. A. Bank may be inching closer to a deal. Men’s Wearhouse announced that it had reached a nondisclosure agreement with its rival, setting up talks that could lead to a merger of the two retailers.

The two firms announced they are exchanging certain confidential information with each other and working in good faith to evaluate a potential combination.

As part of the agreement, Jos. A. Bank submitted a draft of a merger agreement to Men’s Wearhouse.