Deals

Philadelphia -- Metro Commercial Real Estate said that David’s Bridal will open an 8,164-sq.-ft. store at Great Northeast Plaza, located in the northeastern part of Philadelphia.

The new store is slated to open by spring 2013.

Fort Worth, Texas -- Trademark Property Group announced that together with Coventry Real Estate Advisors, Southern Land Co. and PCCP, it has recapitalized the Watters Creek at Montgomery Farm mixed-use project near Dallas in a joint-venture arrangement.
 
The Joint Venture acquired the note on the property from a multi-bank syndicate led by PNC Bank. PCCP provided the capital for the transaction from its opportunistic fund, PCCP Equity VI, L.P.

New York -- Multiple reports on Tuesday revealed that private equity firm Leonard Green & Partners disclosed in a regulatory filing that it has upped its stake in shoe retailer DSW Inc. to 1.3 million shares – or 3% of the company.

The news sent DSW shares upward as much as 6% on Tuesday.

Leonard Green previously owned 981,196 shares in DSW before raising its stake. It was forced to disclose its new position after a request for confidential treatment expired on Nov. 28.

Miami Beach, Fla. -- Terranova Corp. said that Anna’s Linens will open an 8,100-sq.-ft. store at Lakewood Shopping Center, located in Margate, Fla., and marking the retailer’s 21st location in the state.

The new store will open in early 2013, joining a tenant line-up that includes Marshall’s, Ross Dress for Less and Staples.
 

Dallas -- SRS Real Estate Partners announced that two new market leaders have been selected to lead the offices in Dallas/Ft. Worth and South Florida.
 
Mark Reeder has been named market leader for the Dallas/Ft. Worth office and will lead in partnership with Ryan Johnson. Reeder has been with SRS since 2000.

John Artope has been selected to lead the office in South Florida. He already leads the offices in Orlando and Tampa, and has been with the company since 2002.

Huntington Beach, Calif. -- DJM Capital Partners announced that it has acquired about 11 acres from Crescent Heights for the retail and hotel portion of a planned mixed-use development Pacific City.

The company said it plans to develop on the original footprint and with almost 6.5 acres for 191,000 sq. ft. of open-air retail, restaurants and entertainment and four acres for an eight-story hotel. 

North Plainfield, N.J. -- Levin Management Corp. announced that it has secured three new management and leasing assignments involving six properties in New York and New Jersey.
 
The first appointment involves a portfolio of four, privately owned shopping centers in Tappan, N.Y., totaling 76,000 sq. ft. The properties include Tappan Plaza, an adjacent 15,000-sq.-ft. center anchored by Retro Fitness, and twin strip centers Stateline Plaza I and Stateline Plaza II.

Panama City Beach, Fla. -- The St. Joe Co., together with Casto and Strategic Retail Advisors, announced a joint venture to develop Pier Park North, a 390,000-sq.-ft. shopping center located across from Pier Park Lifestyle Center in Panama City Beach, Fla.

Confirmed retailers include Dick’s Sporting Goods, Michaels, Pier 1 Imports and Kirkland’s. Pier Park North anticipates opening in spring 2014.