Deals

Raleigh, N.C. -- Tarrytown, N.Y.-based DLC Management Corp. announced a pair of lease signings that have transformed its Raleigh, N.C., asset Tower Shopping Center.

According to DLC, America’s Kids will open a 26,691-sq.-ft. store, marking the children’s clothing and accessory retailer’s first store in North Carolina. This is also the first America’s Kids store in DLC’s portfolio, and deals at two additional shopping centers are under negotiation.

Moline, Ill. -- Oakbrook Terrace, Ill.-based Mid-America Asset Management announced that Citi Trends is entering Moline, Ill., with a lease for 10,137 sq. ft. at City Line Plaza.

The new store is slated to open in June.

The 112,849-sq.-ft. City Line Plaza is anchored by Jewel/Osco and Family Dollar, with other tenants including Papa Johns, Hallmark and Rent-A-Center.
 

Woodbridge, N.J. -- Fameco Real Estate announced that Scott Jennerich has joined the Fameco organization and will be based out of its Woodbridge, N.J., office.

Jennerich previously led Trinity Real Estate Advisors, a consulting company specializing nationally in retail real estate, land development and the shopping center industry. He will join Fameco as the president of Trinity Real Estate Advisors, now a wholly owned subsidiary of Fameco Real Estate.
 

New York City -- Spain’s fast-fashion Mango will open a store in Manhattan’s Herald Square vicinity in May.

The retailer is taking over a 5,500-sq.-ft. space from Lane Bryant at 7 West 34th Street.
 

New York City -- Westwood Town Center, a shopping center located in West Seattle, has sold for $78.1 million.

The buyer was MEPT Westwood Village LLC. The seller was Wesbild Holdings of Vancouver, B.C.

Newmark Realty Capital of Seattle arranged $39 million of the financing of the center.
 

Frisco, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space to Tutti Frutti Yogurt, which will open a 1,412-sq.-ft. store at Legacy Center, in Frisco, Texas.

The specialty frozen yogurt retailer is slated to open its new store in July.
The 119,500-sq.-ft. shopping center includes national retailers such as Starbucks, Subway, Great Clips and The UPS Store.

New York City -- Borders Group won approval of an amended executive bonus plan after a judge sought changes to resolve objections from an arm of the U.S. government that oversees bankruptcies, Bloomberg reported.

Judge Martin Glenn of U.S. Bankruptcy Court in Manhattan said the amended bonus packages, which tie the $6.6 million in payments closer to the financial performance of Borders, were needed so Borders could "maintain its experienced work force."

New York City -- Gap has chosen Manhattan's Upper West Side for its second freestanding Athleta store, Crain’s New York Business reported.

The report said has signed a lease to open a 3,500-sq.-ft. Athleta at 216 Columbus Ave. at W. 70th Street. The store will open in the fall, and Gap is already seeking more New York area locations, according to Crain's.

Gap bought Petaluma-based Athleta, a catalog and website that sell women's athletic clothes, for $150 million in 2008.