Deals

Valrico, Fla. -- Indianapolis-based Kite Realty Group said Wednesday that The Fresh Market has leased 18,091 sq. ft. at Lithia Crossing, located in Valrico, Fla.
 
The grocer will also open a store at Shops at Eagle Creek, in Naples, Fla. The new store will comprise 23,935 sq. ft.

Arlington, Texas -- Transwestern announced Tuesday that it has negotiated a new 9,994-sq.-ft. lease for Office Depot at Lincoln Square Shopping Center, located in Arlington, Texas.

The office supply retailer will open its smaller-footprint store – a 10,000-sq.-ft. prototype, downsized from the standard 20,000-sq.-ft. format.

Lincoln Square Shopping Center is a lifestyle shopping and dining center in North Arlington’s Entertainment District.

New York -- Winick Realty Group said Tuesday that art gallery Garis & Hahn has leased its first location at 263 Bowery, on the Lower East Side of Manhattan.

The storefront, located between Stanton and East Houston Streets, consists of 1,789 sq. ft. on the ground floor and 633 sq. ft. in the lower level.

New York -- Wegmans has confirmed plans to open a store in Alexandria, Va., in 2014, according to Washington Business Journal.

The store will be located in Hilltop Village, which is being developed by Houston-based Weingarten Realty Investors. The project will feature some 250,000 sq. ft. of retail, anchored by the 143,000-sq.-ft. Wegmans, and 100,000 sq. ft. of office.

New York -- Shares of Safeway Inc. shares rose as much as 9% on Wednesday on rumors of increased buyout interest for its Canada operations by Canadian grocer Metro Inc. and Loblaw Companies Ltd.

On Tuesday, Metro announced it was selling off nearly half its stake in Couche-Tard Inc. for $482 million.

In December, Loblaw announced plans to spin off the vast majority of its property assets into a real estate investment trust.

DALLAS  — The growing popularity of Netflix, Hulu and other on-demand video rental services continues to take a toll on traditional brick-and-mortar video rental stores. 

Dish Network reported that its subsidiary, Blockbuster will close about 300 of its stores in the United States in the coming weeks. The closures will result in the loss of about 3,000 jobs and leave the chain with some 500 U.S. locations.

Dallas – Blockbuster will shutter about 300 of its stores in the United States in the coming weeks. The closures will result in the loss of about 3,000 jobs and leave the chain with some 500 U.S. locations, according to a spokesman for Blockbuster parent company Dish Network Corp.

The closures will affect underperforming stores or those nearing the end of their lease. Specific locations have not yet been announced.

Miami Beach, Fla. -- Terranova Corp. said Friday that Epicure Gourmet Market & Cafe will open a 24,000-sq.-ft., ground-floor location at Gables Ponce, a mixed-use project located in Coral Gables, Fla.
 
Epicure, based in Miami Beach, will anchor the ground-floor retail of the 248-unit residential project being built by Gables Urban.