Deals

Toronto -- Sears Canada Inc. will enter into a series of transactions related to two stores within shopping centers co-owned by Oxford Properties Group and Alberta Investment Management Corporation that give the co-owners the right to require Sears Canada to vacate the properties by March 2014. The transactions, valued at $191 million, affect stores at the Yorkdale Shopping Centre in Toronto and at Square One Shopping Centre in Mississauga.

Fairfield, Calif. -- A Fuddruckers franchisee has acquired a 14,500-sq.-ft. property on the ring road of Solano Mall in Fairfield, Calif., according to Transwestern, the brokerage that represented the franchisee.

A Chick-fil-A restaurant attached to the property will continue to operate without change.

Virginia Beach, Va. -- Divaris Real Estate has leased three retail spaces at shopping centers in Hampton and Virginia Beach.

Bank of America renewed its 6,000–sq.-ft. lease in Willow Oaks Village Square in Hampton.

Bruegger’s Bagels leased 2,400 sq. ft. in Southgate Commons in Virginia Beach. Also in Southgate Commons, Anthony Vince Nail Spa has taken 2,597 sq. ft.

A member of Realty Resources and the Virginia affiliate for The CORE Network, DRE represented the landlords in these transactions.

Ashburn, Va. -- Two new tenants have leased the last 3,500 sq. ft. available at Cameron Chase Village Center, according to The Rappaport Cos., the broker representing the landlord.

Sharp Line Cuts Barber Shop took 1,400 sq. ft., and sit-down restaurant Sushi Noshi signed on for 2,100 sq. ft. Both plan to open in the fall.

New York -- Washington, D.C. ranks as the nation’s hottest retail market, followed by Greater New York City, a leading developer told Chain Store Age in an exclusive video interview.

To see the interview with Inland Real Estate Group vice chairman Joe Cosenza, click here.

City of Industry, Calif. -- Private equity outfit Sycamore Partners said Thursday it has completed its previously announced acquisition of Hot Topic, valued at about $600 million and returning the Hot Topic namesake stores and the Torrid banner to the private sector.

"Hot Topic and Torrid are both leaders in their categories, and we are excited to have both brands as part of our portfolio," said Stefan Kaluzny, managing director of Sycamore Partners.  

Tucson -- Lifetime Martial Arts #1 is relocating Karate 4 Kids Martial Arts to Plaza Del Oro Shopping Center. The new location will open in mid-June.

Commercial Retail Advisors represented the tenant and CBRE represented the shopping center.
 

Toronto -- Canada’s second-biggest supermarket operator has acquired Safeway’s Canadian portfolio of stores in a $5.7 billion deal that pulls the Pleasanton, Calif., chain completely out of the country.

Sobeys, a unit of Empire Co. Lt., has acquired 213 grocery stores, 62 fuel stations, 10 liquor stores, 12 manufacturing facilities and four DCs, leaving Safeway with 1,400 stores in the U.S. after the deal.