Deals

Milwaukee -- Opus Development Corp. announced the scheduled openings of T.J Maxx, Ulta Salon and Cosmetics, Rue 21 and Charming Charlie’s by Oct. 28 at the company’s Shoppes at Fox River development in Waukesha, Wis.

Opus broke ground on the first development in Phase II of the Shoppes at Fox River in April 2012. The development includes more than 47,000 sq. ft. of retail space on six acres of land adjacent to the existing Phase I buildings, which opened in 2009 and include Target and Pick ‘n Save.

Santa Monica, Calif. -- The Macerich Co. announced on Monday plans to acquire Kings Plaza, located in Brooklyn, N.Y., and Green Acres Mall, located in Valley Stream, N.Y., on the border of New York City and Nassau County. 

Kings Plaza is being acquired from a subsidiary of Alexander's for $751 million, with a closing date set for late 2012. Green Acres is being acquired from a subsidiary of Vornado Realty Trust for $500 million, with a first quarter 2013 closing date.

Phoenix -- Cole Real Estate Investments said it has purchased three retail power centers totaling about 875,000 sq. ft. for $130.9 million.

The acquired properties are Hillside Town Center, a 165,000-sq.-ft. center in Hillside, Ill., for $27 million; White Oak Village, a 433,500-sq.-ft. property in Richmond, Va., for $68 million; and Barrow Crossing, a 276,000-sq.-ft. center in Winder, Ga., for $35.9 million. Barrow Crossing is a joint venture with Faison, the original developer of the property.

INDIANAPOLIS -- Simon Property Group and Paragon Outlet Partners, Baltimore,  have signed a letter of intent to jointly develop Charlotte Premium Outlets, in Stallings, N.C.

Projected to open in 2014, the outlet center will be 400,000 sq. ft. and will house approximately 100 designer and name brand stores.
  
The project, which is expected to break ground during spring 2013, is a 50/50 joint venture between Simon Property Group and Paragon Outlet Partners.

Austin, Texas -- Whole Foods Market has announced two new locations for Manhattan. The company said it plans to open a 39,000-sq.ft. store in the city’s Harlem neighborhood in 2015. The supermarket will be located in the middle of the area’s business district, on 125th Street and Lennox Avenue.

New York -- Maefield Development, Infinity Urban Century, The Witkoff Group and New Valley, an investment unit of Vector Group LTD announced that they have completed the $430 million acquisition of their Times Square Gateway Center development site. The purchase clears the way for construction of a 340,000-sq.-ft., 36-story, multi-use development that will anchor the northern end of Times Square, with a new retail experience, a hotel tower, and the nation's largest single LED screen.

Seattle -- Nordstrom plans to open a Nordstrom Rack on Long Island, N.Y., at Manhasset Center, which is owned and operated by Kimco Realty Corp.

The approximately 32,000-sq.-ft. store will be the retailer's third Nordstrom Rack location on Long Island and is scheduled to open in spring 2013.

The new two-level Nordstrom Rack will move into the former Filene's Basement location at Manhasset Center and will occupy space on both the ground and second level.

Minneapolis -- Target announced plans to open a store in Staten Island, N.Y., in July 2013. The 150,000-sq.-ft. store will be located at the Richmond Shopping Center.

In addition, Target said it will open its second CityTarget store in the city of San Francisco, in October 2013. The new, 119,000-sq.-ft. CityTarget will be located at the southwest corner of Geary and Masonic Streets. On Oct. 10, the retailer opened the doors to the city’s first-ever Target store, also a CityTarget, at the Metreon.