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  • Five new retailers to open at Naperville Crossings

    Naperville, Ill. -- Oakbrook Terrace-based Mid-America Asset Management said that five retailers have been signed at Naperville Crossings in Naperville, Ill., totaling nearly 9,400 sq. ft. In addition, three retailers have recently renewed at the center totaling 4,200 sq. ft.

    Tide Dry Cleaners leased 3,260 sq. ft. with plans to open a drive-thru dry cleaning service in the first quarter of 2013, becoming the first location in Illinois.

  • Ritz Camera files for bankruptcy; to close 128 stores

    New York -- Ritz Camera & Image has filed for Chapter 11 bankruptcy protection. As part of its restructuring, the company, which has 265 stores in 34 states, plans to close 128 locations and cut its staff of 2,000 in half.

    This is the second time Ritz has sought protection under the bankruptcy laws, having emerged from Chapter 11 two years ago.

  • The Children’s Place to open in Arab Gulf States

    Secaucus, N.J. -- The Children’s Place announced that it has signed a 10-year franchise agreement with Apparel Group to open stores in the Arab Gulf States of United Arab Emirates, Kuwait, Qatar, Bahrain and Oman. The first stores are scheduled to open in the UAE in September in Dubai and Sharjah.

  • 7-Eleven completes acquisition of 18 Open Pantry stores

    Dallas -- 7-Eleven announced that it has completed a transaction to acquire 18 Open Pantry convenience store locations in Wisconsin, primarily in the greater Milwaukee and Madison markets. Terms of the deal were not disclosed.

  • Fairway Supermarket opens in Woodland Park, N.J.

    New Rochelle, N.Y. -- X Team partner Welco Realty said that Fairway Supermarket has opened a new store at Plaza 46 shopping center, in Woodland Park, N.J.

    The 63,000-sq.-ft. store is the chain’s 10th store, all located in the northeastern United States.
     

  • TNP acquires Bloomingdale Hills in Tampa, Fla., suburb

    Irvine, Calif. -- TNP Strategic Retail Trust said Friday it has acquired Bloomingdale Hills, a 13-acre retail center in the Tampa, Fla., suburb of Riverview.

    TNP is a public non-traded REIT that invests in grocery and drugstore anchored, multi-tenant necessity retail properties and other real estate-related assets.

    Bloomingdale Hills comprises about 78,500 sq. ft. of rentable space, as well as a fully improved, undeveloped land parcel.

    The center is anchored by Wal-Mart Neighborhood Market and is 100% leased.
     

  • Costco international exec says chain looking to open stores in Europe

    Issaquah, Wash. -- Costco Wholesale Corp.’s international executive VP James Murphy said Thursday that the warehouse club operator is pursuing a European expansion program.

    Murphy told Bloomberg that Costco is “interested in investing in the obvious four -- Germany, Italy, France and Spain.” The company hasn’t decided which country would debut first and will probably open a store in the region “in the next couple of years,” Murphy said in the Bloomberg interview.

  • Blackstone and DDR close $1.4 billion EDT acquisition

    Beachwood, Ohio -- Blackstone's flagship real estate fund and DDR Corp. announced Thursday hat a joint venture formed by the two entities has closed on the acquisition of a portfolio of 46 shopping centers previously owned by EPN Group.

    The joint venture has assumed approximately $635 million of senior non-recourse debt and has originated an additional $320 million non-recourse loan facility, which has a five-year term.

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