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Signet Jewelers to acquire Zale Corp.
Hamilton, Bermuda - In a deal that would combine the two largest mid-tier jewelry chains in the United States, Signet Jewelers Ltd. has agreed to buy rival Zale Corp. for about $690 million dollars. Signet will offer $21 in cash for each Zale share, representing a 41% premium over Tuesday's closing price.
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Heinen’s to Bannockburn Green in Bannockburn, Ill.
Chicago — Heinen’s Fine Foods has leased a 61,965 sq. ft. anchor location at the Bannockburn Green community center in Bannockburn, Ill., according to CBRE, which assisted in the lease negotiations.
The 151,206-sq.-ft. center serves Deerfield, Lake Forest, Highland Park, Lincolnshire and Bannockburn. The center’s retail lineup includes Walgreen’s, Erehwon Mountain Outfitters, Sleepy’s, Panera Bread and GNC.