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Deals

  • Snack Taverna goes to Hell’s Kitchen

    New York — Snack Taverna, the popular West Village restaurant in New York City, has signed a lease to extend its concept into a 1,100-sq.-ft. space in Hell’s Kitchen, according to Winick Realty Group, which represented the tenant in the transaction.

     

  • Campbell to sell European business

    CAMDEN, N.J. — Campbell Soup Company announced that it is in final and exclusive negotiations for the potential sale of its business in Europe to CVC Capital Partners, a leading global private equity firm. 

  • Lowe’s purchase of Orchard Supply moves forward

    Mooresville, N.C. -- The Aug. 9 deadline for additional bids on the proposed purchase of Orchard Supply Hardware by Lowe’s Companies Inc. has passed with no activity. This means Lowe’s can move ahead with plans to acquire the majority of assets of Orchard Supply Hardware, including 72 stores, for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners, first announced June 17.

  • Rubbermaid streamlines operations, sells hardware business

    Newell Rubbermaid has announced plans to sell its hardware business to Nova Capital, a firm that specializes in the acquisition of corporate and private equity portfolios, for $214 million.

    Specifically, components of the sale include Newell's Amerock, Ashland, Drapery Hardware, Bulldog and Shur-Line brands. Sales for 2013 came in at $255 million so far, with gross proceeds resting at $214 million.

  • JLL closes on four multifamily properties for $120 million

    New York -- Jones Lang LaSalle’s Capital Markets group has closed the sale of four prime multifamily properties in the Dallas area on behalf of four separate sellers. The combined sale price exceeded $120 million.

  • Holiday Stationstores Announces Expansion in Dakotas

    MinneapolisHoliday Stationstores has reached an agreement with I-90 Fuel Services to convert 16 of The Gas Stop convenience stores to Holiday Stationstores, expanding the Holiday brand in the South Dakota and Southwestern Minnesota markets.

    The Gas Stop stores making the conversion are located in Sioux Falls, Aberdeen, Brandon, Mitchell, Mobridge, Pierre and Volga, South Dakota. The Minnesota stores are in Luverne and Worthington.

     

  • JLL strengthens its capital markets talent pool

    New York -- Jones Lang LaSalle has added another financing expert to its growing Capital Markets team in Dallas. Industry veteran Jeff Zickefoose joins has joined the firm as senior VP. He will work with Managing Director Randy Fleisher and the rest of the team to provide strategic services to clients throughout the region.

    “Jeff brings nearly 20 years of financial experience and a long track record of originating debt on behalf of leading commercial mortgage debt providers,” said Fleisher.

  • JLL closes sale and financing at Bella Terra

    Houston — Jones Lang LaSalle has announced the closing of the sale of The Shops at Bella Terra, a 308,828-sq.-ft. power center in Houston’s Grand Parkway corridor. The JLL Capital Markets Group also secured acquisition financing with Wells Fargo and additional equity from Heitman on behalf of the buyer, Dunhill Partners

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