Deals

Northbrook, Ill. — StreetMac Asset Managers and Five Mile Capital Partners LLC have joined forces to recapitalize Stratford Square Mall in Bloomingdale, Ill.

The 1.3 million-sq.-ft. mall features more than 100 stores and restaurants, a 14-screen cinema complex and national retail anchors including Macy’s, Sears, Carson Pirie Scott, J.C. Penney, Kohl’s and Burlington Coat Factory.

Safeway has reached a definitive agreement to sell 11 of its Dominick's stores in the Chicago metropolitan area in a cash and lease assumption transaction to Roundy's. Roundy's will take possession of the stores during a transition period that will take place in the next two months.

The transaction is subject to customary closing conditions.

New York -- European Wax Center has signed leases for two new Manhattan locations, according to Winick Realty Group, the broker that represented the retailer in the transaction.

The new locations at 95 Chambers Street and 295 Park Avenue South will bring the Wax Center’s total Manhattan store count to four. Both new locations are expected to open in the spring of 2014.

New York -- Michael’s has leased a 21,400-sq.-ft. former Circuit City store at the Torrington Fair shopping center in Torrington, Conn.

Wal-Mart, Price Chopper and Petco anchor the center, which is now 100% leased, although there is an outparcel that may be developed in the future. Charter Realty & Development www.chartweb.com and Lornell Realty made the deal.

Austin, Texas — A national networking company that brings retailers together at events with industry leading landlords, brokers and developers, Retail Live! recently acquired Orlando, Fla.-based Retailer One on One, expanding the company’s market presence in the Southeast.

Founded in 2011, Retail Live! has programs in Atlanta, Austin, Chicago, Denver, Los Angeles, New York, San Francisco, and now Orlando.

Trademark has invested in two distressed properties, with plans to transform both into top performers

The slow recovery is leading many developers to examine growth alternatives to new development. Consider, for example, Fort Worth, Texas-based Trademark Property Co.’s idea: invest in distressed properties with excellent real estate and redevelop into new and ambitious concepts. Examples include The Shops at Napa Center in Napa, Calif., and Victory Park in Dallas.

Disposition firm: A&G Realty Partners

Number of properties: 600

Locations: 95% in strip centers, with the balance in middle market malls across the United States

Status: A&G successfully terminated more than 300 leases. The balance had natural lease expirations.

Location: Thornwood, N.Y., in Westchester County    

Size: 20,175 sq. ft. 

Developer: DLC Management Corp.    

Major tenants: Walgreens    

Status: Complete