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Deals

  • Lane Bryant announces three new stores, one relocation

    New York -- Lane Bryant has announced the opening of three new stores and one relocation of an existing store.

    The specialty apparel retailer plans to open a new store in the Miracle Mile Shopping Center in Monroeville, Pa., on Oct. 25, with the grand opening running through the weekend.

    Lane Bryant also plans to open a new store at Rushmore Crossing in Rapid City, S.D. on Oct. 25, with the grand opening continuing through Sunday.

  • GRK Fresh leases 2nd restaurant in Manhattan

    New York — GRK Fresh, a fast-casual Greek restaurant located at 111 Fulton Street, has signed a lease for its second Manhattan location at 451 Lexington Avenue in the Grand Central area. The new GRK Fresh will span 2,150 sq. ft.

    Winick Realty Group represented GRK Fresh in its search for a Midtown location. CBRE Group represented the landlord — Landlord Regency Development.

  • Cabela’s announces three new stores, including its first in North Carolina

    Sidney, Neb. -- Cabela’s Inc. announced  plans to enter three new markets – Nanaimo, British Columbia, Canada; Garner, N.C.; and Sun Prairie, Wis.

    Construction on Cabela’s 100,000-sq. ft. Garner store – its first North Carolina location – is scheduled to begin next summer. The store is expected to open in spring of 2015.

  • Mansour brokers sale of Pet Smart and TJ Maxx

    Louisville, Ky. — The Mansour Group has announced the sale of Pet Smart and TJ Maxx, a 49,410-sq.-ft. retail box on an outparcel located in a 218,000-sq.-ft. shopping center owned by Weingarten. The seller was a national real estate advisory group and the buyer was a private investor.

     The offering is part of a large portfolio of similar former Service Merchandise assets — all exclusively listed by The Mansour Group.

     

  • Transwestern brokers purchase of Houston-Area property

    San Antonio, Texas — Transwestern’s San Antonio office today announced that it has completed the sale of Rosenberg Center in Rosenberg, Texas, a suburb of Houston. Built in 1986, the 113,430-sq.-ft. neighborhood retail center serves a commercial corridor between Rosenberg and Richmond, Texas. A private investor bought the property for an undisclosed amount from Rosenberg Station LLC.

  • Report: Buyout firms eye Safeway

    Pleasanton, Calif. – Several buyout firms are reportedly considering attempting a partial or total purchase of Safeway Inc., with Cerberus Capital Management LP among the potential bidders, according to Reuters.

    Safeway has retained Goldman Sachs Group Inc. as an advisor, the report said.

  • Reports: Men’s Wearhouse considers Allen Edmonds purchase

    Houston – After rejecting a $2.3 billion buyout offer from Jos. A. Bank, Men’s Wearhouse reportedly is considering purchasing men’s shoemaker Allen Edmonds Corp., according to reports by the New York Times, Wall Street Journal and others. The high-end footwear is owned by private equity firm Goldner Hawn Johnson & Morrison, which bought it seven years ago.

    It wasn’t clear how — or if — a deal for Allen Edmonds would impact on Jos. A. Bank’s offer.

  • Canadian government approves Sobey’s-Safeway purchase

    Toronto – Sobey’s Inc. has signed a consent agreement with the Canadian Competition Bureau allowing it to proceed with the acquisition of substantially all of the assets of Canada Safeway.

    As part of the consent agreement, Sobey’s will divest 23 stores in the provinces of Alberta, British Columbia, Manitoba and Sasketchewan. The deal, announced in June, will cost Sobey’s owner Empire Co. Ltd. about $5.7 billion.

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