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Deals

  • New retailers sign into Arbor Lakes in Maple Grove, Minn.

    Minneapolis — The Opus Group has announced office and retail leases and two land sales in the Arbor Lakes development in Maple Grove, Minn.

    Pro Ag Management Inc. will occupy 9,179 sq. ft. on the second floor of the North End Office and Retail Building. With the Pro Ag lease, the center’s office space is now 100% leased. On the retail side, Sola Salon Studios has leased 4,524 sq. ft. of ground-level retail space in the same building. Colliers International brokers represented the tenants as well as Opus in these transactions.

  • Liberty Travel signs into Bedminster, N.J.’s Hills Village

    Bedminster, N.J. — Liberty Travel has leased a 1,853-sq.-ft. space at The Hills Village Center in Bedminster, N.J., according to Levin Management, the exclusive leasing and managing agent for the property.

    Relocation Realty represented Liberty Travel in the transaction. Liberty’s neighbors in the 109,800-sq.-ft. center include Kings Supermarket, CVS, Starbucks, Great Clips, Cold Stone Creamery, The UPS Store, GNC and Subway.

  • Sidecar to open in Tucson’s Broadway Village

    Tucson, Ariz. — Sidecar, a craft beer and cocktail bar, plans to open a 963-sq.-ft. upscale lounge at Broadway Village in Tucson. Slated to open in March of 2014, the bar will seat 40 people inside and 12 to 15 people on a patio.

    Commercial Retail Advisors represented the landlord, CRI Broadway Village Partners in the transaction. Sidecar handled the lease negotiations itself.

  • Jones Group goes private

    The Jones Group has accepted a buyout offer of $15 per share in cash, or a total of approximately $1.2 billion, from private equity firm Sycamore Partners. Upon completion of the deal, Jones, whose brands include Nine West, Anne Klein and Easy Spirit, will become a privately held company.

  • Dickey’s BBQ Pit to Plaza Escondida in Tucson

    Tucson, Ariz. — Dickey’s BBQ Pit has signed a 2,700-sq.-ft. lease at the Plaza Escondida Shopping Center in Tucson, Ariz. Keller Williams Southern Arizona represented the tenant in the transaction. CBRE (www.cbre.com) represented the landlord, Roseville Tucson LLC.

  • Reebok leases store and gym space in Manhattan

    New York — Reebok has leased an 11,600-sq.-ft. space at 1 Union Square West in Manhattan for a combination Reebok Fit Hub store and Reebok Cross-fit gym. Slated to open in the spring of 2014, the location will house the bran’s Manhattan flagship store and the largest Reebok Fit Hub in the chain.

  • Yotagious Frozen Yogurt to Thatcher, Ariz., Center

    Tucson, Ariz. — Yotagious Frozen Yogurt of Thatcher has leased a 1,500-sq.-ft. space at the Gila Valley Shopping Center in Thatcher, Ariz., and plans to open in the early spring of 2014.

    The Tucson office of CBRE represented Gila Valley’s owners in the transaction.

  • Aldi plans 650 new U.S. stores in next five years

    Batavia, Ill. – Discount grocer Aldi is launching a five-year strategic plan to open 650 new stores across the United States. The chain launched its expansion efforts with the decision to build its regional headquarters and distribution center in Moreno Valley, Calif.

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