Deals

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.

Indianapolis -- Simon Property Group said Wednesday that, in partnership with Mitsubishi Estate Co., it began construction of Shisui Premium Outlets (Shisui Town, Inba District, Chiba Prefecture), the ninth Premium Outlet Center in Japan.

Phase I, comprising 234,000 sq. ft. of GLA, is scheduled to open in spring 2013 with approximately 100 stores, including international brands, Japanese brands and restaurants. Simon owns a 40% interest in the project.
 

New York -- Private equity firm Oak Hill Capital Partners has acquired an 80% ownership stake in the 25-store natural food chain Earth Fare. The deal values the company at $300 million.

Rio de Janeiro, Brazil -- Indianapolis-based Simon Property Group and Latin American retail real estate company BR Malls Participacoes S.A. announced Tuesday that they signed a 50/50 joint venture agreement to develop and own outlet centers in Brazil.

The first outlet center of the joint venture is slated to open in Sao Paulo in 2013.