Deals

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.
 

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.

Houston -- Marcus & Millichap Real Estate Investment Services said it has hired Derek Hargrove as a senior associate in the Houston office.

In his new position, Hargrove will focus on the sale of multi-tenant shopping centers throughout southwest Texas. He also holds the title of associate director of Marcus & Millichap’s National Retail Group.

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.
 

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.

CARLISLE, Pa. — The Federal Trade Commission has approved Giant Food Stores' proposal to acquire 15 Genuardi's stores from Safeway.

The news follows Giant's Jan. 5 announcement that it would acquire the Genuardi's stores, all of which are located in the greater Philadelphia market. Giant also noted that under the terms of a consent order approved by the FTC, the Genuardi's located in Newtown, Pa., will be purchased by Newtown Market and will be operated as a McCaffrey's supermarket.

Greensboro, N.C. -- Tanger Factory Outlet Centers and Gordon Group Holdings have entered into an agreement to develop an upscale outlet center at Foxwoods Resort Casino in Mashantucket, Conn., on the Mashantucket Pequot Indian Reservation.

Foxwoods Resort Casino is the largest casino complex in the United States by gaming square footage. Foxwoods attracts approximately 16 million annual visitors, an average of more than 40,000 people per day. 

ISSAQUAH, WA and MEXICO CITY — Costco Wholesale has agreed to buy out Controladora Comercial Mexicana's 50% share interest in Costco de Mexico, a joint venture, for $10,650 million MXN (the equivalent amount in U.S. dollars is $760.4 million based on an exchange rate of 14.006 pesos to the dollar). In addition, Costco Mexico has declared a cash dividend of approximately $4,774 million MXN (the equivalent amount in U.S. dollars is $340.85 million based on an exchange rate of 14.006 pesos to the dollar), 50% payable to a subsidiary of Costco Wholesale and 50% to CCM.