Deals

Atlanta -- Teavana Inc. on Monday said it will buy Canadian tea retail chain Teaopia Ltd. for $26.9 million in cash. It is Teavana's first major acquisition since it went public last year.

Teaopia operates 46 stores, primarily in high-end malls across Canada and online. Last year it generated net sales of approximately $17 million and opened 12 stores.

Teavana operates 200 company-owned stores in 39 states, including one store in Canada, and 18 franchised stores primarily in Mexico, as well as through its website.

Hingham, Mass. -- Talbots Inc.’s fourth-quarter loss widened to $53.2 million for the period ended Jan. 28, not as bad as analysts expected, compared to a loss  of $2.8 million in the year ago. Its results were pressured by restructuring and executive retirement costs, as well as increased mark-downs and promotions. The chain also forecast first-quarter revenue that missed analysts' expectations. Revenue for the quarter slipped 1% to $289.4 million from $292.6 million, but beat Wall Street's estimate of $267.9 million. Same-store sales were flat.

Palo Alto, Calif. -- Marcus & Millichap Real Estate Investment Services said it has named Kirk L. Trammell senior director of the firm’s National Retail Group in Palo Alto.

Trammell joined Marcus & Millichap in June 1989. During his career, he has closed more than $1 billion in commercial property transactions, according to the company.

New York -- Gregorys Coffee said Thursday it has executed a new lease at 878 6th Avenue (Between 31st and 32nd St.) in Herald Square, as part of the expansion efforts of the coffee shop chain throughout Manhattan.

The new site is scheduled to open its doors in June.

The two-story location will feature 1,000 sq. ft. on the second floor, set up as a training center.
 

Fort Worth, Texas -- Trademark Property said Wednesday it has purchased two retail centers located directly across from La Palmera mall in Corpus Christi, Texas.

The 15.5-acre Staples Center, built in the 1980s, and the 3.8-acre Mt. Vernon Center, built in the 1940s, will undergo rebranding along with a major redesign and renovation, scheduled to begin late 2012 with completion slated for 2013.

The redeveloped center, to be named The Shops at La Palmera, will total approximately 200,000 sq. ft.

Plymouth Meeting, Pa. -- Fameco Real Estate said that Buffalo Wild Wings has signed a 6,200-sq.-ft. lease at the Kennedy Mall in Brick Township, N.J.

The AntSul Group, doing business as Buffalo Wild Wings in the region, currently has two locations open; one in North Brunswick and one in Bridgewater. The location at Kennedy Mall will be the group’s third and it is expected to open in late May.
 

New York -- Prudential Douglas Elliman's Retail Group said it has orchestrated a long-term lease for the first Armani Junior standalone flagship in the United States at 1225 Madison Avenue, on the northeast corner at 88th Street in Manhattan.      

Neighboring retailers along the corridor include Brooks Brothers, Ankasa, Jacadi, Rachel Riley, J.Crew, Buckhouse, Jack Rogers, Joie, Koos, Intimacy, Ann Crabtree, Rose Pope Maternity and The Shoe Box.

New York City -- Dallas-based SRS Real Estate Partners said that Sugar and Plumm - Purveyors of Yumm has leased 1,050 sq. ft. at the northwest corner of Bleecker and Cornelia Streets in the West Village area of Manhattan.

Sugar and Plumm opened its first location last summer at Bergen Town Center in Paramus, N.J., and will open its first Manhattan location on the Upper West Side this spring. A third location is under development in Downtown Brooklyn.