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Deals

  • Bon-Ton to close Elder-Beerman location in Springfield, Ohio

    York, Pa. -- The Bon-Ton Stores said Wednesday it will close its Elder-Beerman store in Springfield, Ohio. The company will not renew the lease, which terminates January 31, 2013.
     
    Bon-Ton acquired the leasehold interests in the Springfield store as part of the Elder-Beerman acquisition in 2003.

     

  • Trio of new tenants to open at Lake Shore Plaza

    Lake Ronkonkoma, N.Y. -- Charter Realty & Development Corp. said that it has added three new tenants, totaling 11, 501 sq. ft., to the Lake Shore Plaza II Shopping Center, located in Lake Ronkonkoma, N.Y.

    AutoZone has leased 7,184 sq. ft., Verizon leased 1,817 sq. ft., and Century 21 leased 2,500 sq. ft.

     

  • McDonald’s to open new restaurant at Springfield Plaza

    Springfield, Mass. -- Charter Realty & Development Corp. said that it has arranged for a 2,500-sq.-ft. lease for McDonald’s located in the Springfield Plaza in Springfield, Mass.

    Springfield Plaza is a 550,000-sq.-ft. center anchored by Kmart, Rocky's, TJ Maxx, Ocean State Job Lot, Savers, Stop & Shop and Entertainment Cinema. McDonald’s will be locating on a site formerly occupied by KFC. Construction is expected to start shortly, said Charter.

     

  • DDR completes $2.1 billion of strategic transactions year to date

    Beachwood, Ohio -- DDR Corp. announced Monday the acquisition of $328 million of prime assets and the disposition of $12 million of non-prime assets during the quarter.

    Year to date, the company closed $2 billion of acquisitions, including the joint venture with Blackstone's flagship real estate fund, and disposed of $137 million of non-prime assets.

    As of the third quarter, DDR said it has raised gross common equity capital of $435 million through the issuance of 31.7 million new common shares to fund investments and lower leverage.

  • LA Fitness leases 43,000 sq. ft. at Metro Center Atrium

    Bronx, N.Y. -- Simone Development Cos. announced that LA Fitness will open a 43,000-sq.-ft. facility at Metro Center Atrium, a new 370,000-sq.-ft. mixed-use project in the Pelham Bay section of the Bronx in New York.

    The office, retail and hotel complex is the latest phase in Simone Development’s 42-acre, multi-building Hutchinson Metro Center campus.

    LA Fitness’s new gym is slated to open November 2013, and will join a newly announced Residence Inn-branded hotel at Metro Center Atrium.

  • DRA Advisors acquires Streets of Brentwood

    Dallas -- SRS Real Estate Partners said it represented Brentwood Specialty Center, LLC in the sale of The Streets of Brentwood to a partnership between New York City-based DRA Advisors and RED Development out of Kansas City.

  • Planet Fitness to open at Mayfair Shopping Center

    Philadelphia -- Charter Realty & Development said that it has arranged for a 9,887-sq.-ft. lease for Planet Fitness in the Mayfair Shopping Center in Philadelphia.

    The shopping center is anchored by, Shop N Bag, Dollar Tree and Wells Fargo.
     

  • SRS Real Estate names exec

    Dallas -- SRS Real Estate Partners said Ken Galvin as rejoined the firm, as senior VP in the Chicago office.

    Galvin spent time with Staubach Retail (formally SRS Real Estate Partners) from 2000-2009.

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