Deals

Richmond, Va. -- McLean, Va.-based The Rappaport Cos. announced that Sonic has leased a three-fourth-acre pad site at Chesterfield Marketplace in Richmond, Va.

The new restaurant will be located in the former Pizza Hut building, near the shopping center entrance.

Chesterfield Marketplace is a 400,000-sq.-ft. shopping center featuring a tenant mix that includes The Home Depot, PetSmart, Staples and Ruby Tuesday.

Franconia, Va. -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space in Franconia, Va., to two new retailers at Festival at Manchester Lakes.

Dunkin’ Donuts has leased 1,800 sq. ft., and Genghis Grill, a build-your-own bowl, fast casual, Asian stir-fry concept, has leased 4,443 sq. ft., bringing the center to 95% leased. Both restaurants plan to open this spring.

Boca Raton, Fla. -- West Palm Beach, Fla.-based American Commercial Realty Corp. said it has completed several new leases at the Shoppes at Boca Greens in Boca Raton, Fla.

Cosmetics and beauty retailer Harmon Face Values, a division of Bed Bath & Beyond, will open a new, 7,400-sq.-ft. store, the retailer’s first full store in Florida.

Children’s clothing retailer Denny’s Children’s Wear will relocate and expand to an 8,600-sq.-ft. location within the center.

New York City -- South Africa’s competition watchdog has recommended that Wal-Mart Stores’ proposed takeover of the country’s retail chain Massmart be unconditionally approved without conditions.

Wal-Mart made a $2.4 billion bid for Massmart in November, and a vast majority of the target company’s shareholders voted to approve the deal last month.

The deal now needs final approval from South Africa’s competition tribunal. A date for the hearing and subsequent ruling has yet to be set.

New York City -- Borders Group may file for bankruptcy reorganization as early as Monday or Tuesday after failing to persuade publishers and others to go along with a plan to refinance the struggling chain's debt, according to the Wall Street Journal.

The retailer plans to initially close about 200 of its 674 stores, the report said, which cited unnamed sources.

Crain’s New York Business this week reported on an interesting situation involving Walmart and the hype surrounding the company entry into the city. According to author Greg David, “as the opponents of Walmart continue their campaign to prevent the company from opening stores in New York, it remains a mystery how they intend to do that. David notes that the City Council has no power to intervene in leases signed at existing retail locations, and the company seems more determined than ever to take on the Big Apple.

Garland, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Garland, Texas, at Shiloh Springs shopping center to Fur le Lis Pet Parlor.

An upscale dog grooming service and pet boutique, Fur de Lis Pet Parlor has leased 1,400 sq. ft. and is slated to open in March.

The 110,040-sq.-ft. shopping center is anchored by Kroger alongside national retailers such as GNC, H&R Block and Great Clips.

Newport Beach, Calif. -- Grubb & Ellis Co. Said it has secured two new leases for Loft, a division of Ann Taylor Stores Corp., for a total of 10,589 sq. ft. of retail space in Marina Del Ray and Calabasas, Calif. 

The company signed a 10-year lease for 5,420 sq. ft. at Waterside in Marina Del Ray, and 5,169 sq. ft. at The Commons at Calabasas.

The two new stores are expected to open this spring. 

Both properties are owned by Caruso Affiliated.

New York City -- Robert K. Futterman & Associates announced it has secured a long-term, 2,725-sq. ft. lease with high-end apparel and accessories retailer Intermix in Manhattan’s Meatpacking District. 

This completes the first of three phases of leasing at the building, which is situated on the southwest corner at the intersection of Washington and Gansevoort Streets, where Intermix will have two entrances. 

Ocala, Fla. -- RMC Property Management Group announced that it has executed a new lease for a movie theater on behalf of the owner of Marion Shopping Center in Ocala, Fla.

Ocala Center 6, a six-screen theater, will occupy a 16,500-sq.-ft. space and is slated to open in May. Marion Shopping Center is anchored by Bealls Outlet and Rainbow Apparel.