Deals

Toronto -- Canadian retailer Hudson's Bay Co. said Thursday it will shutter most of the remaining 64 Zellers stores that aren’t being converted to Target locations.

The Zellers parent sold the majority of the leases to Target Corp. last year. Many of the remaining 64 stores are expected to close by March 2013. Those that aren’t closed could potentially open under another retail banner, said Hudson’s Bay.
 

New Orleans -- New Orleans has rolled out the red carpet in order to assure the first Costco location in the state.

The city council on Thursday unanimously approved nearly $6 million in financial incentives for a planned Costco in the New Orleans suburb of Carrollton.  
 
The $45 million, 148,000-sq.-ft. Costco marks the warehouse club operator’s state debut, to reportedly be followed by a second in the capital city of Baton Rouge.

The New Orleans store is slated to open late summer 2013.
 

River Forest, Ill. -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that DSW has signed a lease for 28,000 sq. ft. at River Forest Town Center in Chicago’s west suburbs.

The shoe retailer is taking space vacated by Linens ‘n Things and plans to open in fall 2012 as a new anchor joining The Children’s Place, The Loft, Chico’s, Whole Foods, Panera Bread, Petco and Walgreens.   
 

Melville, N.Y. -- Commercial real estate consulting, advisory and investment group A&G Realty Partners announced that Peter Lynch and Andrew Margolick have joined the firm as partners.

Lynch joins A&G from DJM Realty, where he was a principal and senior managing director, and Margolick was president of his own firm, ARM Consulting, as well as a former VP at Hilco Real Estate.

New York -- Prudential Douglas Elliman's Retail Group said it has arranged the American debut of Caramel Baby & Child at 1244 Madison Avenue, between 89th and 90th Streets. 

The luxury label, which currently has stores in London and Tokyo, specializes in clothing for babies through toddlers. The newest location is on a corridor that is regarded as a center for luxury children's clothing, and home to such neighbors as Armani Jr., Jacadi, Baby Cottons, J. Crew Cuts, Pink Chicken, Brooks Brothers Children and Rachel Riley.
 

PLANO, Texas — JCPenney has sold its interest in Simon Property Group, L.P. back to Simon Property Group Inc. for $248 million in cash, helping the company get back on financial track.

Woodbridge, N.J. -- Fameco Real Estate said it has leased retail space at Plaza Square in Wayne, N.J., bringing the center to full occupancy.
 
The 104,000-sq.-ft. center, owned by Jacksonville, Fla.-based Regency Centers, is anchored by ShopRite with Bank of America, Dollar Power, Bensi Italian Restaurant and Wendy’s. Recent lease signings include Great Clips, Hand & Stone, C2 Education and GNC.
 

Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Bedding Experts has opened a 4,019-sq.-ft. store at Deerfield Village Centre on Chicago’s North Shore.

The privately held mattress retailer took space vacated by Blockbuster Video, and opened on June 30.

Deerfield Village Centre features 44,083 sq. ft. of retail space that includes Chipotle, Leather Creations, Sprint, and Starbucks among others.