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Deals

  • Prime Sole to open at Clocktower Place

    Florissant, Mo. -- Brixmor Property Group announced a 5,000-sq.-ft. lease has been executed with shoe retailer Prime Sole at Clocktower Place, located in Florissant, Mo.

    Brixmor, based in New York City, is the owner of Clocktower Place.
     

  • TIAA-CREF and CBL close $1.09-billion JV

    Chattanooga, Tenn. -- TIAA-CREF and CBL & Associates Properties have announced the closing of their $1.09 billion real estate joint venture to invest in market-dominant shopping malls.

    TIAA-CREF has completed its investment in four of CBL’s market-dominant shopping malls: Oak Park Mall in Kansas City, Kan.; West County Center in St. Louis; CoolSprings Galleria in Nashville; and Pearland Town Center in Pearland, Texas.

  • Edible Arrangements open at Kmart Plaza

    Elizabethtown, Ky. -- Brixmor Property Group announced a 1,200-sq.-ft. lease has been executed with Edible Arrangements at Kmart Plaza, located in Elizabethtown, Ky.

    New York City-based Brixmor is the owner of Kmart Plaza.

  • DDR and Walmart team to open, expand four stores

    Beachwood, Ohio -- DDR Corp. announced Friday plans to redevelop four shopping centers by adding two new Walmart stores in Florida and expanding two existing stores in Ohio and Puerto Rico.

    "These projects will deliver desired growth opportunities to the world's most successful retailer and further strengthen DDR's relationship with its largest tenant," said Paul Freddo, senior executive VP leasing & development for DDR.

  • Designer Jean-Michel Cazabat opens first U.S. retail store

    New York City -- Footwear designer Jean-Michel Cazabat said he will open his first U.S. store on Oct. 8 in New York City's West Village.

  • House of Buccellati to open on Madison Avenue

    New York City -- Prudential Douglas Elliman's Retail Group said it has successfully orchestrated a buy-out/lease disposition at 46 East 57th Street for jewelry house Buccellati, and simultaneously arranged its move to 810 Madison Avenue.

    The Milan, Italy-based company has closed the East 57th Street store after more than four decades and will open in a new location on the "Jewel Mile" between 67th and 68th Streets.

    Buccellati will take immediate possession of the former Bonpoint store at 810 Madison Avenue.
     

  • SRS Real Estate names New York exec

    Dallas -- SRS Real Estate Partners announced the hiring of Brandon L. Singer as a first VP in the New York office.

    Singer will join SRS’ newly formed SRS Urban team, which consists of seasoned retail specialists focused on major urban retail markets in the United States. In the Metro New York market, he will help lead the SRS Urban push into landlord services and investment sales.

    Singer was most recently a senior director at Robert K. Futterman and Associates. 

  • A.C. Moore to be acquired for $40.8 million

    Berlin, N.J. — The 134-store arts and crafts chain A.C. Moore said Tuesday it has agreed to be acquired by an affiliate of arts and crafts distributor Sbar’s Inc. for about $40.8 million.

    Last January, the company said it had formed a committee to review strategic alternatives, including a potential sale.

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