Deals

Charlotte, N.C. -- CNL Crosland Commercial Real Estate announced the upcoming opening of The Country’s Best Yogurt (TCBY) at two Charlotte N.C. shopping centers – Town Center Plaza (2,100 sq. ft.) and Quail Corners (1,700 sq. ft.).

The stores will open their doors this winter.

TCBY has six self-serve stores in the Charlotte area, all owned by Samuel Batt. The Quail Corners’ location represents the first tenant announcement for the under-redevelopment center, which is anchored by Harris Teeter and Rite Aid. 

Philadelphia -- Marcus & Millichap Real Estate Investment Services said that it has promoted Mark E. Taylor to first VP investments.

Most recently, Taylor held the title of VP investments. He specializes in the sale of retail shopping centers and net-leased property investment real estate.

Northbrook, Ill. -- Oakbrook, Ill.-based Mid-America Asset Management said that Saks has signed a lease for 25,900 sq. ft. at Village Square of Northbrook in Northbrook, Ill., to open its third Saks Fifth Avenue Off 5th store in Chicagoland.

The store, which will unveil a new design, is slated to open in November.

Mid-America is the exclusive leasing representative for the 334,995-sq.-ft. shopping center located on Chicago’s North Shore.

Dallas -- The Commercial Retail Division of The Weitzman Group said that David Zoller has been promoted to the position of VP.

Zoller is focused on investment sales and retail project leasing, as well as tenant representation for a select group of retailers, in the Dallas-Fort Worth area.
 

Syracuse, N.Y. -- Sutton Real Estate Co. announced that Larry J. Socia, has joined the company as retail director.

Socia’s focus will be expanding the client representation business, seeking new business opportunities and overseeing existing retail real estate services.

Socia was previously retail division director for the Cushman & Wakefield Strategic Alliance Partner in Upstate New York.
 

New York City -- Winick Realty Group said that TJ Maxx has leased its first Wall Street location, in the heart of New York City’s Financial District.

The 32,000-sq.-ft. store, which spans two lower levels at 14 Wall Street on the corner of Broad Street, is slated to open in October.

Wyomissing, Pa. -- Phoenix-based Cole Real Estate Investments said Monday that it has executed a lease with Jo-Ann Fabric and Craft Stores in Wyomissing, Pa., for approximately 25,000 sq. ft., backfilling a former Borders location.

The in-line store is located adjacent to OfficeMax, Toys “R” Us and Old Navy.

WESTBOROUGH, Mass. — At a special meeting held Friday, BJ's Wholesale Club stockholders approved the definitive agreement between the company and Leonard Green & Partners and CVC Capital Partners to be acquired in an all-cash transaction valued at about $2.8 billion.

BJ's anticipates the closing of the transaction, which was announced in late June, will occur around the end of the month.

Westborough, Mass. -- BJ’s Wholesale Club said Friday that its shareholders have okayed the acquisition bid that will take the company private.

Private equity firms Leonard Green & Partners and CVC Capital Partners agreed to acquire the warehouse club operator in a deal valued at $2.8 billion.

According to BJ’s, 72% of its shareholders approved the bid. The deal is slated to close on or about Sept. 30.
 

Waynesville, N.C. -- Shopping center developer CBL & Associates Properties, based in Chattanooga, Tenn., said Friday that it has launched construction on its newest community center project Waynesville Commons, located in Waynesville, N.C.

The 127,500-sq.-ft. shopping center will be anchored by a new 85,000-sq.-ft. Belk fashion department store, which joins the existing Walmart.