Deals

San Francisco -- Jones Lang LaSalle announced that John Stevens joined the firm’s San Francisco office as VP leasing specialist. A 25-year veteran of commercial real estate, Stevens will focus on leasing space in the firm’s 12 million-sq.-ft., third-party retail portfolio on the West Coast.

Dallas -- Blockbuster parent Dish Network confirmed Thursday that it will close 500 underperforming Blockbuster video stores in the first quarter, which equates to about a third of its stores.

The company, which acquired Blockbuster in 2011, said it plans to expand Dish Services offerings in the remaining Blockbuster stores. It currently offers the services in 150 stores.

New York City -- A Friday report in Crain’s New York Business said that Dallas-based 7-Eleven, which currently has 12 c-stores in Manhattan, plans to open another 14 in 2012.

Parent company Seven & I Holdings Co. said some of the 14 spaces were leased last year, but others have not been sited yet. Neighborhoods to be developed include Midtown, Greenwich Village, Chelsea and the Upper East Side. The Financial District is also on the boards, according to the report, which said that another 20 locations are planned between 2013 and 2017.

Dallas – SRS Real Estate Partners announced that Pierce Mayson has joined the company as a senior associate in the Atlanta office.

Prior to joining SRS, Mayson worked as a retail investment sales broker in Newmark Knight Frank’s southeast capital group.

Birmingham, Ala. -- Bayer Properties announced that Jay Wiseman has been named VP of acquisitions for the company.

Wiseman was previously with CBL & Associates Properties, Chattanooga, Tenn., where his responsibilities included acquisition of malls, strip centers and office buildings nationwide. He also sourced international investments and established investment platforms in Brazil and China.
 

Largo, Md. -- Inland Western Retail Real Estate Trust announced that Capital Centre LLC, one of its wholly owned subsidiaries, signed a lease with TD Burger LLC, operating as Timothy Dean Burger, to occupy the 2,000-sq.-ft. space at The Boulevard at the Capital Centre in Largo, Md.

The restaurant plans to open in the winter of 2012.

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.