Deals

New York City -- SRS Real Estate Partners said that “Sugar and Plumm Purveyors of Yumm” has leased 4,206 sq. ft. at the northeast corner of Amsterdam Avenue and West 78th Street on the Upper West Side of Manhattan.

The retail and food concept features artisan desserts, candy and more, with the interiors designed by Rockwell Group.

Sugar and Plumm will open its first location this summer at Bergen Town Center in Paramus, N.J.

Ankeny, Iowa -- Casey’s General Stores and Kum & Go announced that they have signed a definitive purchase agreement for Casey’s to acquire 22 convenience stores from Kum & Go.

The stores, all of which are located in Iowan, will be immediately rebranded to Casey’s once the transaction is completed.

New York City -- New York City remains the world’s most expensive retail destination as retailers focus on the major fashion capitals pushing global rents in prime locations even higher, according to the latest CB Richard Ellis (CBRE) Global Retail MarketView.

The average rent for space along Fifth Avenue from 49th Street up to 59th Street hit $1,900 per square foot in the first quarter. Hong Kong and Sydney came in second and third place in the rankings, with average per-square-foot rents of $1,697 and $1,301, respectively.

Dallas -- Real estate investment firm The Cogent Group said Thursday it has acquired 12 convenience stores & gas stations in the Charlottesville, Va. market.

The properties are leased to Charlottesville-based Virginia Oil Co. and feature food partnerships with McDonald’s, Blimpie and Dairy Queen.

Cogent’s real estate purchase was part of a simultaneous transaction among The Cogent Group, VPS Convenience Store Group and Virginia Oil Co.

Chicago -- Transwestern’s Chicago Retail Advisory Services team said Wednesday it represented Tuesday Morning in five transactions across the Chicagoland area totaling 95,416 sq. ft.

New York City -- Robert K. Futterman & Associates said it recently secured the first Manhattan Chobani location at 150 Prince St. in SoHo, located on the southwest corner of West Broadway.

The 550-sq.-ft. space, formerly occupied by Swatch, is set to open this summer.

The SoHo location will introduce the Greek yogurt brand to a thriving retail corridor of Manhattan surrounded by co-tenants that include Lucky Brand, Cole Haan, Michael Kors, Ralph Lauren, among others.
 

New York City -- A report released Wednesday by CB Richard Ellis found that New York City remains the world’s most expensive retail destination as retailers focus on the major fashion capitals, pushing global rents in prime locations even higher.

According to the latest CBRE Global Retail MarketView, the improving economy has had a measurably positive impact.

Colorado Springs, Colo. -- Addison, Texas-based Coyote Management L.P. and Garrison Investment Group, through their affiliates, have acquired Chapel Hills Mall, located in Colorado Springs, Colo.

Chapel Hills Mall is a 1.2 million-sq.-ft. enclosed super-regional mall anchored by Dillard’s, J.C. Penney, Macy’s, Sears, Dicks Sporting Goods and Burlington Coat Factory, and features a 15-screen Carmike Cinema and over 100 specialty stores.

New York City -- Private equity firm Gores Group is in talks to buy more than half of Borders Group's remaining stores, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Borders, which filed for Chapter 11 bankruptcy protection in February, would be able to continue operating as a going concern, according to the report.

Other suitors are also talking with Borders, the Wall Street Journal reported.
 

Houston -- New York private-equity firm Kohlberg Kravis Roberts & Co. LP said Tuesday that it plans to acquire a majority stake in Academy Sports + Outdoors, the Katy (Houston), Texas-based privately held sporting goods retailer with 131 locations throughout the Southeast.

Terms of the deal were not disclosed.

According to KKR, Academy Sports' president Rodney Faldyn will stay on as president and will assume the CEO job from David Gochman, who is the grandson of the chain’s founder.