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Deals

  • Westwood Financial acquires Stroh Ranch Retail Center

    Parker, Colo. -- Westwood Financial Corp. said it has acquired the Stroh Ranch Retail Center, a 6,336-sq.-ft. property in Parker, Colo., outside Denver. Westwood Financial bought the distressed asset in a short sale and said it is currently eyeing similar opportunities in this sector.

    The two-unit, 1999-built Stroh Ranch Retail Center currently counts Pizza Hut as its only tenant after Blockbuster vacated last year, leaving it 21% leased.
     

  • Whole Foods co-chief sets goal of 1,000 U.S. stores

    Austin -- Whole Foods Market co-CEO Walter Robb told investors at a Jefferies Global Consumer Conference that the now-300-store chain is expected to grow to 1,000 stores in the United States.

    The organic grocer sees opportunity in Canada as well, and Robb said it expects to grow its store count there from six to 35.

  • Parigi acquires Hartstrings children's brand

    NEW YORK — Parigi Enterprises LLC, a subsidiary of Parigi Group Ltd, a children’s branded apparel company, announced that it has purchased certain assets of the Hartstrings brand and name, in addition to assuming the leases of 23 retail outlet stores. The Little Maven by Tori Spelling clothing line was not among the assets acquired.

  • Wisconsin to gain new Walmart, Macy’s and Target

    Milwaukee -- A Wednesday report by the Milwaukee Business Report said that the Village of Greendale (Wis.) has approved a Walmart and garnered one of several approvals needed for a Macy's at the village’s board meeting held Tuesday.

    The board approved rezoning, a special use permit and other plans needed for a 92,000-sq.-ft. Walmart slated to include a pharmacy and grocery with two out-lots for future developments.

  • Focus on: RECon

  • Chipotle to open at Bloomingdale Square

    Brandon, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space in Brandon, Fla., at Bloomingdale Square to Chipotle Mexican Grill.

    Chipotle has leased 2,650 sq. ft., bringing the center to 96% leased. The tenant is slated to open for business in fall 2011.

    The 267,736-sq.-ft. shopping center is anchored by a Walmart, Bealls and Publix Super Market alongside national retailers such as Dollar Tree, Hallmark, RadioShack and Bank of America.
     

  • RKF names exec in Miami office

    Miami -- New York City-based Robert K. Futterman & Associates announced that Marty Arrivo has joined the firm’s newly established Miami office as senior managing director.

    With eight years of commercial real estate experience working with property owners and regional and national retailers, Arrivo, who started with RKF last month, is responsible for tenant and landlord representation throughout Florida and nationwide.

  • Borders hopes to name bidder by July 1

    New York City -- Borders Group hopes to name a bidder by July 1 and sell itself by the end of that month, according to bankruptcy court filings, the Associated Press reported. Forty stores previously targeted for closing are also getting a temporary reprieve.

    The retailer said in papers filed Friday it plans to name a "stalking horse" bidder by July 1. The company said an auction is likely on July 19, with a sale hearing on July 22 and sale closing on July 29.

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