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Deals

  • A&P sells 12 Superfresh stores, to close 13 others

    New York —The Great Atlantic & Pacific Tea Company (A&P), which is working its way through Chapter 11, will close 13 Suprefresh stores in the Baltimore area in  July because it can't find anyone to buy the properties, The Baltimore Sun reported.

  • WINK will open in SoHo

    New York City — Robert K. Futterman & Associates said it has secured a 1,500-sq.-ft. retail space for women’s apparel brand WINK at 129 Prince St., located between Wooster and Prince Streets in SoHo.  

    WINK, which currently has a store at 155 Spring St., is scheduled to open its new Manhattan location this summer.  

     The new store will join co-tenants Apple, Lucky Brand, Cole Haan, Michael Kors and Ralph Lauren.

  • A&P completes auction of 25 Superfresh stores

    MONTVALE, .N.J. — The Great Atlantic & Pacific Tea Company announced that it recently completed the previously announced auction of 25 southern Superfresh locations, as it continues to fully implement its comprehensive financial and operational restructuring. The winning bids, which are subject to approval from the bankruptcy court before the sales would be completed, will be listed in motions of the company to be filed with the court on May 27.

     The winning bids are as follows:

  • Premium Outlets to make Canadian debut

    Toronto, Ontario  — Indianapolis-based Simon Property Group and Toronto-based Calloway Real Estate Investment Trust announced they will develop the first Premium Outlet Center in Canada. 

    The center will be located in the Town of Halton Hills, Ontario, just 15 minutes outside of Toronto. Construction is slated to start in spring 2012. 

  • City of Frisco, Texas to partner with Forest City and Ernest Mahard Jr. to develop mixed-use project

    Frisco, Texas -- The City of Frisco executed a Memorandum of Understanding with Forest City Development and its partner, Ernest Mahard Jr. to develop a 320-acre mixed-use development on the southwest corner of the Dallas North Tollway and U.S. Highway 380. 

    Bounded by Virginia Parkway and County Road 26, this development will encompass retail, residential, office, entertainment, hospitality, municipal parks and services. 

  • Subway to open 2,000 North American locations in 2011

    Milford, Conn. -- Subway Restaurants said Friday that more than 2,000 franchisees are actively searching for locations slated for 2011 openings.

    In order to reach its development goals, the chain said that a contingent of Subway representatives will be manning the brand’s booth at the International Council of Shopping Centers’ RECon convention, May 23 to 25, in Las Vegas.

  • Weitzman brings in investment exec

    Austin, Texas -- The Weitzman Group announced that Bradley Bailey has been named senior VP and director of investment sales for Central Texas and The Valley for The Weitzman Group.

    Bailey will work with Lance Morris, president of The Weitzman Group in Austin, and David Nicolson, president of Weitzman’s San Antonio office. 

    In this new position, Bailey will handle investment sales and marketing for retail and commercial properties. 

  • Daffy’s opens store in Bay Plaza Shopping Center

    Bronx, N.Y. -- New Rochelle, N.Y.-based Welco Realty Inc., an X Team partner, announced that Daffy’s opened its first store in Bronx, N.Y.  

    The retailer opened a store in Bay Plaza Shopping Center, one of the largest strip shopping centers in New York City. Welco Realty negotiated the deal on behalf of the landlord, Prestige Properties & Development Co.  

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