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Deals

  • Elijah Peters Optique to open Manhattan flagship

    New York City -- Prudential Douglas Elliman's Retail Group said it has orchestrated a long-term lease for Elijah Peters Optique at 1039 Third Avenue, between 61st and 62nd Streets.

    The luxury boutique represents the Elijah Peters Optique's first U.S. flagship.
     

  • Inland acquires Bayonne Crossing Shopping Center for $75.2 million

    Bayonne, N.J. -- Inland Real Estate Acquisitions announced it has acquired Bayonne Crossing, a 356,647-sq.-ft. shopping center in Bayonne, N.J., for approximately $75.2 million.

    Located just off the Hudson River and across from Manhattan, the acquisition includes a 91,109-sq.-ft. Wal-Mart Urban Store and a 146,583-sq.-ft. Lowe’s Home Improvement, both anchor tenants on ground leases purchased by Inland Real Estate Acquisitions.

  • DDR acquires shopping centers in Oregon and Arizona for $70 million

    Beachwood, Ohio -- Mall owner DDR Corp. announced Wednesday that it has acquired its joint-venture partner’s 50% ownership interest in two power centers located in Portland, Ore., and in Phoenix. The $70 million transaction gives DDR full ownership of the assets.

    Tanasbourne Town Center, in Portland, is a large-format power center totaling 566,000 sq. ft. and anchored by Target, Nordstrom Rack, Bed Bath & Beyond, Ross Dress For Less, Michaels, Old Navy and Petco.

  • Fit Factory Nutrition to open at Shops at Mockingbird

    Dallas -- Cypress Equities said that Fit Factory Nutrition has signed a lease to occupy 1,096 sq. ft. at The Shops at Mockingbird, located in Dallas.

    The vitamin retailer is a new start-up business and is slated to open its debut store in summer 2012.

  • Report: Appeal filed against building permits for Walmart store in Los Angeles’ Chinatown

    New York -- Los Angeles Alliance for a New Economy, a Los Angeles community group, as filed an appeal against the building permits granted to Wal-Mart Stores to build a store in the city's Chinatown neighborhood, the Associated Press reported.

    The chain obtained necessary permits to build a 33,000-sq-ft. store last week, one day before the City Council was due to vote on a building moratorium for large retail chains in Chinatown, the report said.
     

  • Report: Sears to sell off Lands’ End

    Hoffman Estates, Ill. -- Multiple reports on Thursday said that Sears Holdings Corp. is considering a sale of its Lands’ End mail-order catalog business, as part of its move to raise up to $2 billion.

    The New York Post reported that Sears is in talks with several private-equity firms about the potential sale.

    Sears chief Eddie Lampert is said to be likely to hire Goldman Sachs to find a buyer for Lands’ End.
     

  • Cache swings to profit in Q4

    New York -- Fashion retailer Cache reported Thursday that net income for the fourth quarter ended Dec. 31 was $1.9 million, compared with a loss of $14.2 million the year-ago period.

    Sales surged 12.5% to $62.9 million, from $55.9 million in the fourth quarter of fiscal 2010. Same-store sales increased 12.4%.

    Year to date the company has closed 12 underperforming stores and said it expects to close five more stores and open two in fiscal 2012.

  • Target confirms location of 12 Quebec debut stores

    Minneapolis -- Target Corp. announced Thursday the location of its first 12 stores in Quebec. As previously announced, Target purchased the leasehold interests of 189 sites currently operated by Zellers Inc., and plans to open 125 to 135 stores in Canada, the majority of which will open in 2013.

    Target said it intends to announce additional Quebec store locations in the coming months.

    Target plans to open stores in the following locations in fall 2013:

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