Deals

Brooklyn, N.Y. -- Charter Realty & Development said it has leased 43,842 sq. ft. for an Alamo Drafthouse Cinema at the City Point Development in Brooklyn, N.Y.

Alamo Drafthouse Cinema features an upscale theater-restaurant combination. City Point will have seven screens of new releases, repertory programming and the Alamo’s signature programming with seating for over 900 moviegoers.
 

Laval, Quebec City -- Alimentation Couche-Tard Inc. announced that it has signed, through its wholly owned indirect subsidiary, Mac's Convenience Stores LLC, an agreement to acquire 29 stores, 25 stores are located in Illinois, three in Missouri and one in Oklahoma. The transaction is anticipated to close in December 2012.

All the stores would eventually be rebranded under the Circle K brand. Couche-Tard’s Midwest division would operate 28 of them and the other one would be operated by the Southwest division.

Mississsauga, Ontario -- Walmart Canada on Friday opened its 200th supercenter, in Edmonton, Alberta. Today's grand opening marks a major milestone for Walmart Canada. The company opened its first supercentres in Ontario in 2006. Today, Walmart Canada has supercentres in six provinces and 373 stores nationwide serving more than eight million customers each week.

New York -- Canada’s Loblaw Cos. Ltd. plans to spin off the vast majority of its property assets into a real estate investment trust. The retailer said it plans to spin off real estate worth more than C$7 billion ($7.05 billion) into the REIT and sell units of the trust through an initial public offering that it hopes to complete by mid-2013.

Williamsville, N.Y. -- Tops Friendly Markets, a full-service grocery retailer in upstate New York, northern Pennsylvania and western Vermont, today announced that the company has entered into an agreement with the Farrugia family to acquire three Big M supermarkets located in Elbridge, N.Y., Mexico, N.Y., and Jordan, N.Y.

This marks the third acquisition deal this year for Tops and will expand Tops' footprint further into areas of northern and central New York State.

New York -- British billionaire Sir Philip Green, the owner of the Arcadia retail group, sold a 25% stake in his fast-fashion Topshop and Topman retail chains to Los Angeles-based Leonard Green & Partners for about $805 million. Arcadia’s other retail divisions include Miss Selfridges, Bhs, and Dorothy Parker.

Los Angeles -- CBRE Group announced that Robert E. Sulentic assumed the position of president and CEO, effective Dec. 1.
   
Sulentic succeeds Brett White, who, as previously announced, retired on Nov. 30.

Sulentic, most recently the company’s president, also joined CBRE’s board of directors, which has expanded to 11 members. White also remains a member of the board.
 

Fort Worth, Texas -- Trademark Property Group announced that together with Coventry Real Estate Advisors, Southern Land Co. and PCCP, it has recapitalized the Watters Creek at Montgomery Farm mixed-use project near Dallas in a joint-venture arrangement.
 
The Joint Venture acquired the note on the property from a multi-bank syndicate led by PNC Bank. PCCP provided the capital for the transaction from its opportunistic fund, PCCP Equity VI, L.P.

Boston -- DJM Realty announced that Josh Podell has joined the company as a specialty retail and outlet consultant.

Podell, who will continue to operate his own real estate consultancy Podell Real Estate Advisors, counts among his retail experience a lengthy stint as VP real estate for Jones Retail Corp., a division of Jones Apparel Group.

Melrose, Mass. -- Charter Realty & Development Corp. announced that shortly after acquiring Towers Plaza in Melrose, Mass., it has signed a 20-year lease for 29,980 sq. ft. to Whole Foods Market.

Whole Foods will move into a space currently occupied by Johnny’s Foodmaster. The space will undergo a major renovation that will coincide with Charter’s renovation of the balance of the center.