Deals

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

Size: 20,175 sq. ft. 

Developer: DLC Management Corp.    

Major tenants: Walgreens    

Status: Complete    

Pleasanton, Calif. -- Safeway Inc. announced it 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, Inc. Roundy's will take possession of the stores during a transition period that will take place over the next two months.

Location: Cincinnati

Size: 1.1 million sq. ft.

Developer: Co-developed by Steiner + Associates and Bucksbaum Retail Properties
Major tenants: Dillard’s Department Store, CineBistro, a 135-room hotel, 220 luxury residential units and 100,000 sq. ft. of office space.

Status: Construction is scheduled to begin in early 2014 with the opening scheduled for summer 2015.

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.

Deerfield, Ill. — Fresh Thyme Farmers Market and Studio A Salon have taken space at Cadwell’s Corners in Deerfield, Ill., a northern suburb of Chicago. Mid-America Asset Management Inc. represented the shopping center in the transaction.

New York – The Jones Group has reportedly set Dec. 1 as a final deadline for a buyout bid from Sycamore Partners. According to Women’s Wear Daily, with the assistance of Citi Jones Group has gone through an extensive auction process which at times included KKR & Co. and G-III Apparel Group Ltd.

Purchase, N.Y. — Old Navy has taken a 13,500-sq.-ft. space in Orange Plaza, an 815,000-sq.-ft. power center in Middletown, N.Y., according to National Realty & Development Corp.

A Wal-Mart Supercenter, Kohl’s Department Store, Burlington Coat Factory, Marshalls, Bed Bath & Beyond and The Home Depot anchor the center. Orange Plaza draws shoppers from a 25-mile circle including the Hudson Valley and areas in Pennsylvania and New Jersey.

Matteson, Ill. — Cole Credit Property Trust IV has acquired the 150,045-sq.-ft. Matteson Center in Matteson, Ill., for approximately $19 million. Marshalls, Sports Authority, Ross Dress for Less and PetSmart anchor the community shopping center located in the suburbs south of Chicago.

Mid-America Real Estate Corp. represented the seller, Kimco Realty Corp. in the transaction. Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group www.midamericagrp.com, a ChainLinks affiliate headquartered in Oakbrook Terrace, Ill.