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Deals

  • Hull Storey Gibson acquires Mount Berry Square Mall

    Rome, Ga. -- Augusta, Ga.-based Hull Storey Gibson Companies announced its acquisition of Mount Berry Square Mall in Rome, Ga.

    The 476,778-sq.-ft. mall is anchored by Belk, J.C. Penney and Sears.

  • Frye Co. to unveil Boston flagship

    Boston -- Boot and leather goods manufacturer Frye Co. will open its second U.S. retail location – on Newbury St. in a historic building in Boston’s Back Bay. It joins Frye’s only retail store in the Soho area of New York City.

    The 11,000-sq.-ft., three-level flagship store is slated to open spring 2013. It will reflect a fresh vision of Frye’s heritage and commitment to craft, and house specially designed areas showcasing the brand’s product.

  • 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.

  • Katherine Hooker London opens NYC pop-up

    New York -- British fashion retailer Katherine Hooker said she will debut her latest collection of coats and jackets this October with the opening of a U.S. pop-up shop in New York City beginning Oct. 5.

    The Soho shop is located at 436 West Broadway and will run through Oct. 14. The shop is Hooker's only brick-and-mortar retail presence outside of her flagship in London's Chelsea neighborhood.

     

  • Inland American Real Estate names president

    Oak Brook, Ill. -- Inland American Real Estate Trust has announced the appointment of Thomas P. McGuinness as president. McGuinness joined Inland in 1982 and has held several executive positions throughout the Inland organization.  

    In his new role, he will oversee the management of the company’s day-to-day operations, including the strategic business plan, investment decisions, asset management and financing functions for the national portfolio of 48 million sq. ft.

  • Agree Realty announces re-tenanting and disposition of Borders assets

    Farmington Hills, Mich. -- Agree Realty Corp. said it has executed two leases and completed a disposition of the company's remaining assets that were formerly leased to Borders.
     
    The company has executed a lease with HomeGoods for the building formerly occupied by Borders in Monroeville, Pa. HomeGoods, a TJX Cos. banner, will occupy the space effective third quarter of 2013.

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