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Deals

  • Subway extends mall lease in Mount Vernon, Ill.

    Mount Vernon, Ill. — Sansone Group and Pine Tree Commercial Realty LLC have signed a lease extension with Subway restaurant at Times Square Mall in Mount Vernon, Ill. As part of the extension, Subway will expand its restaurant by approximately 500 sq. ft.

    Sansone Group (www.sansonegroup.com) and Pine Tree (www.pinetreecommercial.com) own the 269,328-sq.-ft. center in partnership with the Wanxiang America Real Estate Group.

  • Winick adds broker team in Cranford, N.J.

    New York -- Winick Realty Group has welcomed the broker team of Alison Cohen and Susan Preisler to its New Jersey branch, in Cranford. Cohen and Preisler have been partners for more than a decade, starting up a retail division at Hirschman Realty before moving to Vanguard Realty.

    As a team, they specialize in leasing regional shopping centers, a specialty they plan to continue as part of Winick, working with both landlords and tenants.

     

  • Private equity firm Brentwood Associates to acquire Allen Edmonds

    Port Washington, Wis. -- Upscale men’s shoemaker Allen Edmonds Corp. has agreed to be acquired by an affiliate of Brentwood Associates, a Los Angeles based private equity firm. Terms of the transaction weren't immediately disclosed.

    Brentwood will take over the company from Minneapolis-based Goldner Hawn Johnson & Morrison, which bought Allen Edmonds in 2006.

  • ARCP acquires Cole for $11.2B

    New York -- American Realty Capital Properties has acquired Cole Real Estate Investments for $11.2 billion, creating the world’s largest net lease real estate investment trust, with an enterprise value of $21.5 billion.

    ARCP has secured $2.75 billion in fully committed financing from Barclays. The loan is expected to close in the first half of next year.

    Updated ARCP pro forma 2014 guidance indicates that adjusted funds from operations will move from $1.13 to $1.19 per share, compared with 2013 guidance of $0.91 to $0.95 per share.

  • 99¢ Only opens Dallas/Fort Worth store

    City of Commerce, Calif. — 99¢ Only Stores has leased 18,728 sq. ft. in Fairmeadows Shopping Center on East Camp Wisdom Road in the Dallas/Fort Worth area. The Fairmeadows tenant line-up includes Dollar

    General, Popeye’s, Firestone and Dental Republic. The Weitzman Group, the exclusive leasing agent for the center, handled negotiations for the landlord.

  • Alice + Olivia, from pop-up to permanent in Manhattan

    New York — Faith Hope Consolo, chairman, and Joseph Aquino, executive VP of Douglas Elliman’s Retail Group have arranged a multi-level Soho flagship for Alice + Olivia By Stacey Bendet at 98 Greene Street between Spring and Prince Streets.

  • TJMaxx to Brass Mill Commons in Waterbury, Conn.

    New York -- TJMaxx has signed a lease at the Brass Mill Commons in Waterbury, Conn., according to Charter Realty and Development, TJMaxx’s representative in the negotiations.

    The new TJ Maxx store will be 22,889 sq. ft. and the 26th deal that Charter has leased to TJX. TJMaxx is a division of TJX, which also owns Marshall’s and HomeGoods.

  • RadioShack inks deal in New Jersey shopping center

    North Plainfield, N.J. — RadioShack has leased 2,556 sq. ft. at the 175,515-sq.-ft Hamilton Plaza in Hamilton Township, N.J., according to Levin Management, the property’s managing and leasing agent. Metro Commercial Real Estate Inc. served as the tenant’s broker in the transaction.

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