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Deals

  • 7-Eleven continues to expand with two new acquisitions

    Dallas -- 7-Eleven Inc. announced  two acquisitions that will further expand its U.S. store portfolio.

    The company has closed deals with EZ Energy USA Inc. to purchase 67 retail locations in the Cleveland and Pittsburgh markets, and with its licensee, Handee Marts Inc., to acquire 58 7-Eleven convenience stores in those same markets as well as locations in northern West Virginia and western Maryland.

  • Sears Hometown and Outlet Stores spin-off to trade on Nasdaq

    New York -- Sears Hometown and Outlet Stores Inc. is set to begin trading on the Nasdaq Capital Market on Friday after Sears Holdings Corp. completed a spin-off transaction of the home appliances, hardware, tools and garden equipment retailer.

    Sears Holdings received $446.5 million in proceeds in the transaction, including a $100 million dividend paid by Sears Hometown prior to the separation and about $347 million from a rights offering.

     

  • Chill Berry to open in upper Manhattan

    New York -- Prudential Douglas Elliman’s Retail Group said it has secured a long-term lease for Chill Berry Frozen Yogurt at 2121 Frederick Douglass Blvd., between 114th and 115th Streets in New York City.

    It is the second of two Harlem-based stores for the owners, with the first on Lenox Avenue and 131st Street.

    Neighboring businesses along the corridor include Harlem Tavern, the 5 and Diamond, Jado Sushi, Posh Paws, Mod Squad Cycles and Best Yet Market.

     

  • Verizon to open in Dress Barn Plaza

    Norwalk, Conn. -- Charter Realty & Development said that it has arranged a 2,350-sq.-ft. lease for Verizon located in the Dress Barn Plaza in Norwalk, Conn.

    Dress Barn Plaza also contains Dress Barn and Dress Woman. Verizon will be relocating and expanding from a nearby location.

  • New mixed-use project to deliver retail near major ballpark

    Washington, D.C. -- Grosvenor Americas and Skanska USA Commercial Development have announced plans for a mixed-use project of more than 650,000 sq. ft. directly north of the new Washington Nationals ballpark in the Capitol Riverfront district of Washington, DC.
         

  • Walmart Canada to grand-open 30 stores in October

    Mississauga, Ontario -- Walmart Canada said Tuesday it will complete 30 real estate projects by the end of October, including two supercenter conversions and 28 new stores totaling 2.4 million sq. ft. of retail space.

    The new stores were former Zellers locations; 10 will be converted to supercenters and 18 will be Walmart Canada discount stores.

    “This is an exciting month for Walmart Canada,” said Jim Thompson, COO, Walmart Canada.

  • Inland Diversified acquires City Center at White Plains through JV

    White Plains, N.Y. -- Oak Brook, Ill.-based Inland Diversified Real Estate Trust announced the acquisition of a majority interest in City Center at White Plains, a four-story, 381,905-sq.-ft. mixed-use shopping center and apartment property in White Plains, N.Y.

    The property was acquired in a joint venture between a subsidiary of Inland Diversified and affiliates of real estate developer Cappelli Group. The joint venture valued the property at approximately $166.4 million.

  • Intermix to open in Center City

    Philadelphia -- Fashion retailer Intermix has opened its 30th store at 1718 Walnut Street in Center City, Philadelphia, according to Metro Commercial, which negotiated the 3,386-sq.-ft. lease.

    The retailer will occupy space on the ground floor of the Rittenhouse Claridge, a landmark building owned by Kaiserman Co. Metro Commercial searched for the ideal location for Intermix for over two years.

     

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