Deals

Durham, N.C. -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space to Fuji Steakhouse at Southpoint Crossing shopping center, located in Durham, N.C.

The Japanese restaurant leased 6,400 sq. ft. and is slated to open in summer 2012.

The 103,128-sq.-ft. shopping center is anchored by a 59,160-sq.-ft. Kroger alongside national retailers such as McDonald’s, GNC, Ruby Tuesday and H&R Block.
 

Alameda, Calif. -- Jamestown announced that DB Shoes and Bright Now! Dental have signed new leases at Alameda South Shore Center, a 594,000-sq.-ft., open-air retail center located in the East Bay community of Alameda, Calif.

DB Shoes has leased a 10,635-sq.-ft. retail space along the Park Street corridor. The new location is scheduled to open in April 2012.

Additionally, Bright Now! Dental, part of Smile Brands Inc., secured a 10-year, 3,805-sq.-ft. lease. The office is scheduled to open in May 2012.

SEATTLE — Recreational Equipment Inc. will make its Florida debut in the spring of 2013 with the opening a a store in Jacksonville, Fla. The company also announced that it will open its eighth store in Texas in the city of San Antonio in the fall of 2012.

The company's first Florida store in Jacksonville will occupy nearly 23,400 sq. ft. and will be located at The Markets at Town Center. The San Antonio location will occupy 27,500 sq. ft. 

Oakbrook Terrace, Ill. -- Chicago-based Mid-America Real Estate Group announced the appointment of Cynthia J. Kratchman as a new principal at its Detroit-based division Mid-America Real Estate-Michigan Inc.

Kratchman joins the firm with more than 20 years of retail brokerage experience in Michigan, and will be primarily responsible for tenant representation, surplus disposition and high profile listings.

Previously, she was a broker with Landmark Commercial Real Estate Services.
 

Cincinnati -- Mid-America Real Estate Corp.’s Investments Sales Group announced the recent sale of Stone Creek Towne Center located in Cincinnati.

The property was purchased by Oakbrook, Ill.-based Inland Real Estate for $36 million from a joint venture between Brandicorp and Trinity Development Co.

Milwaukee -- MLG Capital said Tuesday that Craig Lashley has been promoted to principal of the firm.

Lashley is currently VP Investments. In his role, he concentrates on the acquisition of new properties and asset management of MLG's existing real estate investment portfolio, which includes 26 assets encompassing approximately 2.5 million sq. ft.
 

TORONTO — Sears Canada is closing three downtown stores in Vancouver, Calgary and Ottawa. The move follows an announcement last month by Sears Holdings, the majority owner of Sears Canada, that it will raise about $770 million by spinning off parts of its business and selling prime real estate.

St. Louis -- A Ross Dress for Less executive suggested that the midwestern United States offers significant growth potential for the discounter. In an interview on the St. Louis Today website, reported Monday, the company’s VP for the midwest region Fred Shuey said that Ross’s two just-opened St. Louis stores will be joined by more.