Deals

Sbarro plans 20 locations in Ontario, Canada
Melville, N.Y. -- Sbarro is expanding its international growth with plans to open 20 eateries in Ontario, Canada. This announcement is the latest in a series of franchise agreements that have recently expanded Sbarro's presence across Europe, the Middle East, South America, Asia and the Pacific.
Bi-Lo in $265 million deal to buy Sweetbay, Harveys and Reid’s from Delhaize
Jacksonville, Fla. -- Bi-Lo Holdings, parent company of the Bi-Lo and Winn-Dixie grocery store brands, has entered into an agreement to buy three chains from Belgium-based Delhaize Group. Bi-Lo said it would acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize for $265 million in cash.

West Elm going global
GE Capital is administrative agent on credit facility for Lord & Taylor

Norwalk, Conn. -- GE Capital announced it is administrative agent on a $550 million senior secured credit facility for Lord & Taylor, a leading North American retailer. The proceeds will be used to refinance debt, support ongoing working capital needs and for other corporate purposes.

GE Capital also provided the company with interest rate risk management products and services. GE Capital Markets served as joint lead arranger and book runner.
Rue21 to be acquired by Apax Partners in $1.1 billion deal

New York -- Rue21 shareholder Apax Partners will acquire the teen apparel retailer in a deal valued at about $1.1 billion. The private equity firm, which has a 30% stake in rue21, also owns Cole Haan and Takko Fashion as part of its retail portfolio.

Rue21 said it has set up a special committee of independent directors to solicit and evaluate higher bids during a 40-day go-shop period.
Waterside, Fort Worth, Texas

Trademark Property Company has unveiled plans to build Waterside in its home base of Fort Worth, Texas; the 63-acre, master-planned, mixed-use development is slated to open the first phase in spring 2015.
Village at the Peaks, Longmont, Colo.

A huge redevelopment in Longmont, Colo., now has big new tenant names to promote. NewMark Merrill Mountain States has just named three new anchors for the redeveloped Twin Peaks Mall: Longmont’s first Whole Foods Market; a new, state-of-the-art Regal Cinemas; and Sam’s Club. The project, which is slated to open in 2014, also unveiled its new name – Village at the Peaks.
Marcus & Millichap announces promotion
Horizon Group, CBL to develop The Outlet Shoppes at Louisville

Simpsonville, Ky. -- Following on the heels of successful outlet projects in Atlanta and Oklahoma City, CBL & Associates Properties and Horizon Group Properties announced another joint venture – to co-develop The Outlet Shoppes at Louisville, in Simpsonville, Ky.
DDR to acquire select power enters for $1.46 billion

Beachwood, Ohio -- DDR Corp. announced an agreement to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII. The acquisition is slated to close in fourth quarter 2013.

The joint venture between Blackstone and DDR currently owns 44 shopping centers, and DDR will acquire Blackstone's 95% common equity ownership interest in 30 of the shopping centers for $1.46 billion.

Sbarro plans 20 locations in Ontario, Canada

Bi-Lo in $265 million deal to buy Sweetbay, Harveys and Reid’s from Delhaize

West Elm going global

GE Capital is administrative agent on credit facility for Lord & Taylor

Rue21 to be acquired by Apax Partners in $1.1 billion deal

Waterside, Fort Worth, Texas

Village at the Peaks, Longmont, Colo.

Marcus & Millichap announces promotion

Horizon Group, CBL to develop The Outlet Shoppes at Louisville

DDR to acquire select power enters for $1.46 billion