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  • 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.
     

  • 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.

  • Starbucks names broker for sites in Northern New Jersey

    Garden City, N.Y. -- Starbucks Coffee Co. has appointed Sabre Real Estate Group LLC as its exclusive broker for northern New Jersey.

    Sabre’s Scott Sher and Russel Helbling will spearhead the cafe chain’s site search in Bergen, Passaic, Essex, Union and Hudson Counties, where the chain currently has 52 locations.

  • Harbor Freight Tools makes urban Chicago debut at Bricktown Square

    Chicago -- Harbor Freight Tools recently signed a lease for 20,000 sq. ft. of space at Bricktown Square in Chicago, according to Mid-America Asset Management, which represents the center.

    The tool retailer held the grand opening of its first urban Chicago store on June 13.

    The 277,489-sq.-ft Bricktown Square is anchored by Babies ‘R’ Us, Sports Authority and XSport Fitness, with area tenants including Target, Loews, Jewel/Osco and Office Depot.
     

  • Dollar General to open new DC in Pennsylvania

    Harrisburg, Pa. -- Dollar General Corp. will locate its new distribution center in Bethel Township, Berks County, Pa., creating more than 500 jobs in the area and facilitating the retailer’s expansion in the state.

  • Cafaro seeks to expand portfolio through acquisition

    Youngstown, Ohio -- Cafaro Co. has announced it is actively seeking to expand its portfolio of enclosed malls.

    According to the company, each potential acquisition property must demonstrate historic, stabilized net operating income and minimum sales of $300 per sq. ft. Cafaro said is interested in malls with a minimum gross leasable area of 600,000 sq. ft. in trade areas of 200,000 – 450,000 residents.
     
    Cafaro currently owns and oversees more than 30 million sq. ft. of commercial real estate in 11 states.
     

  • Four new tenants to open at Deptford Landing

    Deptford, N.J. -- Dallas-based SRS Real Estate Partners said that four new leases have been executed for space at Deptford Landing, located in Deptford, N.J.

    DSW Shoe Warehouse has leased 20,014 sq. ft.; Panera Bread has leased 4,900 sq. ft.; Chipotle has leased 2,141 sq. ft.; and Hand and Stone Massage & Facial Spa leased 2,400 sq. ft.
     

  • Tucker Development receives site plan approval for Hudson Lights

    Fort Lee, N.J. -- Tucker Development Corp. announced that its mixed-use project planned for downtown Fort Lee, N.J. — Hudson Lights — has received site plan approval from the Fort Lee Borough Planning Board.

    The project will encompass eight acres in the heart of downtown.

     “We’ve worked to create a vibrant shop, dine and live quality environment,” said Richard H. Tucker, president and CEO of Tucker Development.

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