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Deals

  • Talbots, Sycamore extend exclusivity agreement

    Hingham, Mass. -- The Talbots and Sycamore Partners extended the exclusivity period for the private equity firm's non-binding $214.6 million takeover offer to May 22.

    Talbots had entered into an exclusivity agreement with Sycamore on May 5, which was due to expire on May 15.

  • DLC, Hutensky acquire Walmart Plaza

    Derby, Conn. -- DLC Management Corp. and Hutensky Capital Partners have announced a joint-venture acquisition of Walmart Plaza, a 199,393-sq.-ft. shopping center in Derby, Conn.

    Anchored by Walmart, Adams Hometown Market and CVS, the center adds to DLC’s Connecticut holdings of nine shopping centers and 1.4 million sq. ft.
     

  • Smashburger to open location in Mamaroneck, N.Y.

    Mamaroneck, N.Y. -- Charter Realty & Development said that it has arranged a 2,400-sq.-ft. lease for Smashburger in Mamaroneck, N.Y., within walking distance of the Metro-North train station.

    Peter Levine of Charter Realty & Development represents Smashburger in Westchester, Fairfield, New Haven and Hartford Counties.
     

  • SRS Real Estate names senior associate

    Dallas -- SRS Real Estate Partners announced that it has named Dafna Nadulek as a senior associate in the company’s South Florida office.

    She will focus on developing SRS Urban and tenant representation.

    For a decade prior to joining SRS, Nadulek owned and operated her own shoe and accessory boutiques in New York City.

  • ATCO acquires California Whole Foods outpost

    New York -- Manhattan-based ATCO Properties & Management said it has acquired a Whole Foods retail location in Mill Valley, Calif., for $17.3 million.

    Situated within the Alto Shopping Center on Mill Valley’s North side, the 23,200-sq.-ft. store opened a year ago and has established itself as one of the chain’s best performers, according to ATCO senior VP Damon Hemmerdinger.

  • LA Fitness to open in former Mervyn’s building in Garland, Texas

    Dallas -- Venture Commercial said that LA Fitness has signed a long-term lease to open a 45,000-sq.-ft. facility in Garland, Texas.

    The sports club will build a prototype building on the site of the former Mervyn’s building, which is being razed.
     

  • Sabre arranges 20,000 sq. ft. of retail leases

    Garden City, N.Y. -- Sabre Real Estate Group said it has arranged five retail leases on Long Island totaling almost 20,000 sq. ft.

    In Commack, N.Y., women’s apparel retailer Bolton’s leased 2,500 sq. ft. in the Mayfair Shopping Center for a store that is expected to open in June. Levin Management Corp., of Plainfield, N.J., owns the shopping center.

  • Canada’s Golf Town to acquire Golfsmith International

    Toronto -- Golf Town, Canada's largest specialty golf retailer, will acquire Golfsmith International Holdings Inc. for approximately $97.2 million. The Canadian company will pay $6.10 per share in cash, which represents a 30% premium over the Austin, Texas-based Golfsmith’s Friday closing stock price of $4.71.

    Golfsmith operates 85 stores in the United States.

  • RKF opens Chicago office

    New York -- RKF announced the opening of a Chicago office as part of its ongoing expansion into key urban markets nationwide. This is the firm’s seventh office; others include its New York headquarters, Las Vegas, Los Angeles, Miami, Northern New Jersey, and San Francisco.

    “The opening of our Chicago office is a crucial part of our national strategy to expand RKF’s on-the-ground presence in key urban markets in the U.S.,” said RKF chairman & CEO Robert Futterman.

  • Winick relocates Blend restaurant

    New York -- Winick Realty Group said that Latin Fusion restaurant Blend has signed a lease for 4,284 sq. ft. in Long Island City.

    The restaurant is situated at the base of a newly constructed luxury rental building, part of a waterfront residential complex constructed by developer TF Cornerstone.

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