Deals

MINNEAPOLIS — Target announced that it will retain the naming rights for the Target Center, which is home to the Minnesota Timberwolves, through a three-year extended agreement with AEG Facilities, which manages the stadium, and the Timberwolves. Under the new agreement, Target will have naming rights for the stadium through 2014. 

Dallas -- 7-Eleven is acquiring the retail interests of 28 locations owned by Pacific Convenience & Fuels LLC.

The acquisition includes sites in California, Oregon, Washington and Colorado, and is slated to close in fourth quarter 2011. Terms of the transaction have not been disclosed.

All of the locations will be rebranded as 7-Eleven and will retain the Conoco-Phillips/76 gasoline brands.

NEW YORK — Tiffany & Co. said Thursday it plans to open a store in New York’s SoHo neighborhood in September 2012.

The 7,000-sq.-ft. store will occupy a space that combines two locations -- 97 Greene Street and 106 Wooster Street. 

The 2012 opening corresponds to Tiffany’s 175th anniversary of its founding on Lower Broadway in the 1850s.

New York City -- Barnes & Noble has bought some of Borders Group’s intellectual property along with other bidders, Crain’s New York reported.

According to Hilco Trading, the liquidation company handling the sale, multiple bidders, including Barnes & Noble, have agreed to buy $15.8 million of Borders' intellectual property, Craine’s said. The properties include a global portfolio of trademarks; Borders, Waldenbooks and Brentano's trade names; Internet domain names and the Borders.com e-commerce website.

New York City -- Centro Properties Group US announced the recent lease executions of two Citi Trends locations. A 13,500-sq.-ft. lease has been executed at Lehigh Shopping Center, in Bethlehem, Pa., and a 12,000-sq.-ft. location will open at Kline Plaza, located in Harrisburg, Pa.

Both Lehigh Shopping Center and Kline Plaza are owned by Centro Properties, based in New York City.
 

Santa Paula, Calif. -- Centro Properties Group US announced a 2,000-sq.-ft. lease has been executed with Panda Express at Santa Paula Shopping Center, located in Santa Paula, Calif.

Centro Properties Group, based in New York City, is the owner of Santa Paula Shopping Center.
 

New York City -- Planet Fitness said Wednesday that it will open a Manhattan flagship location in Chelsea, at 158 West 27th Street, and is slated to open in early 2012.

The 20,000-sq.-ft. center will be housed at Himmel + Meringoff Properties’ 12-story, 117,000-sq.-ft. office building which has recently undergone a multi-million-dollar renovation.

Planet Fitness currently operates its only New York City fitness center in Harlem on 125th Street.

 

Plymouth Meeting, Pa. -- Fameco Real Estate, L.P. said that its property management division, Fameco Management Services, has been awarded two new assignments from Titanium Real Estate Advisors totaling 88,000 sq. ft.

Designers Court is a 78,000-sq.-ft. shopping center located in Marlton, N.J., anchored by Atlas Interior Home Fashions, Kroungold’s Furniture, Mixellaneous, ABC Discount Appliances and Toppers Salon and Health Spa.

New York City -- Winick Realty Group announced that 1800mattress.com has leased its third Brooklyn location at 2417 Flatbush Avenue, one block from Kings Plaza in the Flatbush -- Ditmas Park neighborhood.

The 2,500-sq.-ft. store was formerly home to Jennifer Convertibles.

The new location is the retailer’s 52nd in the northeast from Virginia to New Hampshire.
 

Houston -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced that it has completed a lease for the first Gold’s Gym Express in Victoria, Texas.

Located in the Northcross Shopping Center, Gold’s Gym Express is occupying 18,710 sq. ft. of the former H-E-B Grocery space, and joins Ashley’s Furniture HomeStore, Jason’s Deli, Dollar Tree and GameStop.