Deals

Magnolia, Texas -- Jacksonville, Fla.- based Regency Centers said it has leased restaurant space in Magnolia, Texas, at Westwood Village to Five Guys Burgers and Fries.

Five Guys leased 3,127 sq. ft., bringing the center to 97% leased. The restaurant is now open for business.

Westwood Village is a 310,000-sq.-ft. community center anchored by Target, Ross Dress For Less, and T.J. Maxx.

Phoenix -- Karlin Real Estate has acquired through foreclosure two Phoenix, AZ-area shopping centers totaling nearly 220,000 sq. ft., following the firm's purchase of a non performing loan portfolio with an aggregate unpaid principal of approximately $65.5 million.

Johannesburg, South Africa -- A Tuesday report by Bloomberg said that South Africa’s Economic Development Ministry made an “aggressive intervention” in Wal-Mart Stores’ bid to buy a stake in Massmart Holdings Ltd.

South Africa’s Trade, Economic Development and Agriculture Ministries made a joint bid to the Competition Tribunal to force Wal-Mart to restrict imports if it buys a controlling stake in Johannesburg-based Massmart, concerned about job losses.

Laval, Quebec -- Alimentation Couche-Tard, parent of Circle K Stores, has signed an agreement to acquire up to 322 sites, plus an additional 65 reseller contracts, in Southern California, from ExxonMobil Corp. The purchase price was not disclosed.

“These stores are high volume, high impact locations,” Tim Tourek, Couche-Tard’s VP of operations for the west coast division, said in a statement. “They would significantly strengthen our overall footprint in this important market.”

King of Prussia, Pa. -- O’Neill Properties Group announced that Bass Pro Shops  has signed a letter of intent for a 200,000-sq.-ft. store at The Point, in Sayreville, N.J., one of the largest new mixed use developments in the United States.

Greeley, Colo. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Greeley, Colo., to T.J. Maxx, which will open a 25,000-sq.-ft. store at Centerplace of Greeley III shopping center.

The 119,000-sq.-ft. shopping center is anchored by a 42,000-sq.-ft. Sports Authority and a 30,000-sq.-ft. Best Buy.

Midlothian, Va. -- Bryn Mawr, Pa.-based WP Realty announced Thursday that it has acquired Chesterfield Marketplace located in Midlothian, Va.

This transaction marks WP Realty’s 10th acquisition of the year.

Chesterfield Marketplace is a one-story, 428,576-sq.-ft. community shopping center anchored by PetSmart, Staples and TJ Maxx, and shadow anchored by Home Depot and Toys “R” Us.

The portion of the center acquired, 197,942 sq. ft., is currently 54% occupied with 91,232 sq. ft. of available space.

Columbia, S.C. -- Edens & Avant announced Friday that its CEO Terry S. Brown has been named the Ernst & Young Entrepreneur of the Year 2011 Carolinas Award winner.

The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Brown was selected as the winner in the real estate category from nearly 100 nominations across the Carolinas.

Kansas City, Mo. -- Block Real Estate Services said it has opened an office in Atlanta, to provide asset, property, and construction management services to its current portfolio of commercial properties located in the Atlanta-metropolitan area.

Bert Calvert will oversee the operations for BRES in Atlanta.  
 

Ann Arbor, Mich. -- Borders Group said Thursday that it is faced with closing dozens of its best-performing stores due to a requirement of its bankruptcy financing if their landlords don't agree to extend a lease-negotiation period.

Borders, which filed for bankruptcy protection in February, has extension agreements for 365 stores. But the book seller said in a court filing Thursday that it is still negotiating extensions for 51 stores, many of which are among its top-selling stores, including one near Penn Station in New York.