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Deals

  • New Street Realty transactions

    New York  — New Street Realty Advisors has announced two recent transactions:

  • Stop & Shop to exit New Hampshire

    Quincy, Mass. -- Grocer Stop & Shop said it will close its six Stop & Shop banners and three gas stations in New Hampshire by Sept. 21, marking the chain’s exit from the state.

  • Jamestown acquires One Metro Center in Washington, D.C.

    New York -- Jamestown has closed on the $307.5 million acquisition of One Metro Center, a trophy office building located in the East End submarket of Washington, D.C.

    Close to the White House, Treasury Department and Ronald Reagan Building, the property sits above Metro Center Station, the central hub of Washington’s subway system.

  • Cullinan Properties signs new VP investments

    Peoria, Ill.Cullinan Properties has announced the appointment of Masood Aini as VP investments in the company’s Chicago office.

    With eight years of commercial real estate experience, Aini comes to the firm from Trevi Retail in New York, where he served as director of acquisitions and Leasing responsible for internal leasing efforts and the sourcing, underwriting and valuing of Manhattan retail condominiums and mixed-use assets.

  • Morris-Floyd acquires Amarillo’s Wolflin Village

    New York -- Morris-Floyd Capital Partners has acquired the 159,861-sq.-ft. Wolflin Village shopping center in Amarillo, Texas. Anchored by Talbot’s, Office Depot and Shepler’s Boots’n Jeans, the center ranks as Morris-Floyd’s ninth acquisition. CBRE represented the seller, Dunhill Partners, which acquired the property in 2009 from Weingarten Realty Investors www.weingarten.com.

    The center is 97% leased

  • Moorestown Mall signs Distrito by Iron Chef Jose Garces

    Philadelphia — Distrito, a Garces Group restaurant, has leased a 7,500-sq.-ft. space at the Moorestown Mall in Moorestown, N.J., according to the mall’s owner Pennsylvania Real Estate Investment Trust.

    James Beard Award-winning chef and one of only a few chefs in the country designated an Iron Chef, Jose Garces owns and operates more than a dozen restaurants in five states.

  • Report: CVS/pharmacy looks to re-enter Toledo market

    Woonsocket, R.I. — CVS Caremark is reportedly planning to re-enter the metro Toledo, Ohio, market by snapping up parcels of property, according to a local news report. The Blade is reporting that the pharmacy retailer bought land on Monroe Street near Douglas Road, where it plans to open its first drug store since exiting the market in 2001.

    Citing Lucas County real estate records, the newspaper reports that the company bought eight parcels of property totaling 1.5 acres. The total price for the property was $2.2 million.

     

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