Deals

Phoenix -- Cole Real Estate Investments announced that it signed leases totaling nearly 640,000 sq. ft. at Cole-related retail properties during 2011.

Cole secured approximately 308,000 sq. ft. of new leases, along with 330,000 sq. ft. of renewals, bringing the occupancy rate for its portfolio of properties to 97.8%.

Nashville, Tenn. -- X Team International announced that Nashville-based partner Baker Storey McDonald Properties has acquired two shopping centers located in Kentucky and Ohio.

Mount Laurel, N.J. -- Metro Commercial Real Estate announced that Jonathan Klear has joined its full-service brokerage team.

Klear most recently worked for NAI Mertz.

Hoffman Estates, Ill. -- Sears Holdings Corp. reported Thursday a loss of $2.4 billion in the fourth quarter, compared with a profit of $374 million in the year-ago period. And in a move long anticipated by some analysts, the chain also announced plans to tap into its massive real estate holdings to help make up for its faltering retail performance.

Revenue slipped 4% to $12.5 billion from $13 billion. Same-store sales fell 4.1% during the quarter at Sears and 2.7% at Kmart.

Glendale, Ariz. -- Westwood Financial Corp. has sold Olive Square, an 86,225-sq-.ft. retail center in Glendale, Ariz., to seller North American Realty Acquisition Corporation for $6.3 million.

Pottsville, Pa. -- North Plainfield, N.J.-based Levin Management Corp. announced that Michaels Stores has leased 22,000 sq. ft. at Fairlane Village Mall in Pottsville, Pa.

Levin is the leasing and management agent for the property, which is owned by Ashok Mehra. Michaels’ commitment comes on the heels of a lease by Kohl’s Department Stores, reflecting momentum for the 405,000-sq.-ft. property.

Kohl’s will be opening its new 57,860-sq.-ft. store in early March.

New York City -- Dallas-based SRS Real Estate Partners said that Blink Fitness has leased 15,830 sq. ft. at 800 St. Anns Avenue in Bronx, N.Y.

The new store is scheduled to open in second quarter 2012.

Dallas -- Venture Commercial said that Party City Corp. has signed three leases in Texas and Oklahoma, with plans to open new stores in Dallas; Edinburg, Texas; and Tulsa, Okla., ranging in size from 12,000 sq. ft. to 12,635 sq. ft.

The Dallas store is in Wheatland Towne Crossing, a Target-anchored shopping center. The Edinburg store is located in The Shoppes at Rio Grande Valley, and the Tulsa store is in the Mingo Marketplace Shopping Center.