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Deals

  • HomeGoods inks lease for The Shoppes at Flemington

    Flemington, N.J. — HomeGoods has signed a long-term lease with The Shoppes at Flemington in Flemington, N.J., and is open and operating in a 22,000-sq.-ft. building that came as part of the deal.

    Levin Management manages and markets the center for the owner, Garrison Investment Group. Welco Realty represented HomeGoods.

    Levin also served as the construction manager for the development of the new retail space and managed the land development approvals.

  • Cullinan appoints direct of leasing in Chicago office

    Peoria, Ill. — Cullinan has announced the appointment of Victor Ambrosio and VP, director of leasing in the company’s Chicago office. In his new role, Ambrosio will direct Cullinan’s leasing, sales and marketing functions and manage third party broker relationships.

  • Pine Tree promotes Zinsmaster to executive VP

    Northbrook, Ill. Pine Tree Commercial Realty LLC recently promoted Todd Zinsmaster from senior VP to executive VP of acquisitions and development.

  • Rue21 stockholders approve Apax merger

    Warrendale, Pa. -- Rue21 stockholders have approved the previously announced merger agreement under which funds advised by Apax Partners will acquire the shares of Rue21 for $42 per share in cash. Approximately 99.7% of the shares voted at today’s special stockholder meeting voted in favor of the agreement.

  • Nordstrom announces two new Rack locations

    Seattle -- Nordstrom announced plans for two new Nordstrom Rack stores, one in Nevada, and the other in Massachusetts.

    The retailer said it will open a 36,000-sq.-ft. Nordstrom Rack in fall 2014 at The Shops at Summerlin, a 1.6 million-sq.-ft. mixed-use center in the Las Vegas suburb of Summerlin.

  • Canadian court gives OK to Shoppers Drug Mart acquisition

    New York -- The Ontario Superior Court of Justice has approved Loblaw Cos.’ acquisition of Shoppers Drug Mart.

    Completion of the arrangement remains conditional on compliance with the Competition Act and certain other closing conditions customary in transactions of this nature. The transaction is expected to be completed before the end of first quarter 2014.

  • Cole acquires part of Evergreen Marketplace

    Evergreen Park, Ill. — Cole Real Estate Investments has acquired a 49,225-sq.-ft. portion of the 450,000-sq.-ft. Evergreen Marketplace in Evergreen Park, Ill., for $9.9 million. Mid-America Real Estate Corporation represented the seller, Sterling Bay Companies.

    The center is located just north of the northwest corner of Western Avenue & 95th Street in the near Chicago suburb of Evergreen Park. Meijer, Menards, Michaels and Ross Dress for Less. Cole purchased the portion featuring Michaels and Ross.

     

  • Metro Chicago restaurant, banquet facility goes to auction

    Mokena, Ill. — Micoley.com’s Sept. 28 property auction will offer a restaurant and banquet facility in Mokena, Ill. The two-story restaurant spans 14,754 sq. ft. The site includes 162 parking spaces. Zoning allows other kinds of commercial activity.

    The property has an opening bid of $995,000, substantially lower than the initial asking price of $1,795,000. Offers are expected during the lead up to the auction. Properties such as this frequently sell ahead of their auction date.

     

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