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Deals

  • O’Connor Capital and Real Vest close on two shopping center deals

    Boston -- O'Connor/Real Vest Retail Holding Co., LLC, a partnership formed by O'Connor Capital Partners and Wafra Investment Advisory Group, have teamed with The Wilder Cos. to complete transactions that include the purchase of Milford Marketplace in Milford, Conn., and the acquisition of the ownership interest in Phase I of Settlers Ridge in Pittsburgh.

    The centers were developed and managed by Chattanooga, Tenn.-based CBL Properties.
     

  • Costco to anchor Frisco Trails Shopping Center

    Frisco, Texas -- The Commercial Retail Division of The Weitzman Group announced that Costco Wholesale Corp. will open a 148,000-sq.-ft. anchor store at Frisco Trails Shopping Center, located in Frisco, Texas.

    Frisco Trails Shopping Center is being developed by Cencor Realty Services. The center currently features a Home Depot shadow anchor, and includes space for an additional anchor, as well as six available pad sites for freestanding retail and restaurant uses. Costco will also develop a fuel center on a pad site at Frisco Trails.

  • Famous Footwear opens at North Haven Pavilion

    North Haven County, Conn. -- Purchase, N.Y.-based National Realty & Development Corp. announced that Famous Footwear opened at North Haven Pavilion, located in North Haven, Conn., on March 9.

    Target, Sports Authority and Michaels anchor the 274,000-sq.-ft. center.
     

  • Stir Crazy Asian Grill to open at Shops of Southlake

    Southlake, Texas -- Flat Out Crazy Restaurant Group said it has leased 6,012 sq. ft. of space in Shops of Southlake, a specialty shopping center located in Southlake, Texas, for its Stir Crazy Fresh Asian Grill concept. 

    This will be the second location to open in Texas. 

    The Commercial Retail Division of The Weitzman Group handled negotiations as exclusive retail leasing agents for Shops of Southlake.

  • Dish Network’s bid for Blockbuster gets OK

    New York City -- Blockbuster says a bankruptcy judge has approved Dish Network's $228 million offer for the chain, paving the way for a combination of the two companies.

    Dish won an auction for Blockbuster's assets earlier this week. Judge Burton R. Lifland of the U.S. Bankruptcy Court of the Southern District of New York approved the bid on Thursday.

    According to Dish, the deal is expected to close in the second quarter.

  • Jo-Ann Fabric and Crafts to open in former Comp USA store

    Paramus, N.J. -- New Rochelle, N.Y.-based Welco Realty, an X Team partner, announced that it has signed a lease representing Jo-Ann Fabric and Craft for 30,000 sq. ft. for a flagship store in the former Comp USA space in Paramus, N.J.

    This store will be one of the largest format stores for Jo-Ann Fabric and Craft Stores, its first store in the Paramus market. 
     

  • Modell’s to open smaller concept store at Interstate Shopping Center

    Ramsey, N.J. -- Welco Realty, an X Team partner, announced that it has signed a lease with Modell’s Sporting Goods for its new smaller-concept store, the retailer’s first in New Jersey.

    The store is approximately 8,551 sq. ft., about half its standard size. Modell’s first small-format store opened on Amsterdam Avenue in Manhattan.
     

  • Dish Network wins auction, acquiring Blockbuster for $228 million

    New York City -- Satellite TV company Dish Network Corp. said Wednesday that it won the auction for Blockbuster with a bid valued at $228 million in cash. The transaction, expected to close the deal during the second quarter, needs bankruptcy court approval.

    As of Tuesday, Dish, investor Carl Icahn and a group of debt holders were the three remaining bidders for the Dallas movie-rental chain, which filed for Chapter 11 in September.

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