Deals

New Rochelle, N.Y. -- Welco Realty, an X Team Partner, said it has arranged a lease representing Pier 1 Imports for Rego Center, in Queens, N.Y., for 8,500 sq. ft.

The firm represented both the landlord and tenant for leases at Bay Plaza Shopping Center, Bronx, N.Y., for 9,599 sq. ft. and at Summerhill Square, in East Brunswick, N.J., for 9,000 sq. ft.
 

When Quincy, Mass.’s new downtown shopping district is officially unveiled, the City will host some of America’s premier retail destinations — thanks to a first-of-its kind joint venture between Street-Works Development and National Realty and Development Corp., based in Purchase, N.Y.

The partnership was announced on Sept. 21 by the City of Quincy, Street-Works and NRDC.

Chicago -- Commercial real estate firm Lee & Associates said it has added two senior VPs to its Chicago office.

Joseph Herron and Jason Sorce have both joined Lee & Associates Chicago as part of the firm’s expansion in the Midwest.

The firm also recently added Robyn Smart as a senior advisor in its Indianapolis office.

Herron joins Lee & Associates from Mid-America Real Estate Corp., where he spent 10 years as a retail broker. Sorce was previously with SRS Real Estate Partners and NAI Hiffman.

Millville, N.J. -- Fameco Real Estate, LP said that Hobby Lobby and Dollar Tree have signed leases at Cumberland Crossing, located in Millville, N.J., bringing the shopping center to nearly 90% leased.

Cumberland Crossing is a 258,414-sq.-ft. community center anchored by Walmart. Hobby Lobby signed a lease for 58,822 sq. ft. and Dollar Tree signed a lease for 12,000 sq. ft.
 

Atlanta -- Jones Lang LaSalle announced Tuesday that Rally Capital Services, LLC, and Pacific Avenue, LLC, have chosen the firm to lease and manage their open-air centers.

Rally Capital selected Jones Lang LaSalle Retail to lease and manage Kendall Marketplace, a 750,000-sq.-ft. regional power center in Yorkville, Ind., anchored by Dick’s Sporting Goods, Kohl’s, SuperTarget and The Home Depot.

Oakbrook Terrace, Ill. -- Mid-America Asset Management announced that among the new leases the firm has signed in July and August, there were several large transactions spread across Chicagoland, Southeast Wisconsin and Northwest Indiana.

In Aurora, Ill., home furnishings retailer Premier Furniture Outlet leased 38,975 sq. ft. at Aurora Marketplace, opening in September 1. Anchors include Sports Authority and Hobby Lobby.  
 

Dallas -- SRS Real Estate Partners said it has hired Andrew Cornwell as a research analyst in the Austin/San Antonio office.

Prior to this role, Cornwell was an intern for SRS where he focused on research while working closely with the investment sales team.

New York City -- BJ’s Wholesale Club reduced the size and increased the rate on $2.18 billion of loans backing its buyout by Leonard Green & Partners LLP and CVC Capital Partners, Bloomberg reported.

The retailer cut a first-lien piece by $50 million to $1.075 billion, the report said, citing a source who declined to be identified.