Deals

Easton, Pa. -- New York City-based The Lightstone Group said that Advance Auto Parts has signed a seven-year, 9,000-sq.-ft. lease extension at 25th Street Shopping Center in Easton, Pa.

The 25th Street Shopping Center is a 131,000-sq.-ft. retail strip corridor home to CVS, RadioShack, Petco, Retro Fitness, Jenny Craig, McDonald's, Pizza Hut and Sherwin-Williams.

Columbus, Ohio -- Tarrytown, N.Y.-based DLC Management Corp. said that Shoppers World has signed a lease at Northern Lights Shopping Center in Columbus, Ohio. The 40,805-sq.-ft. apparel/variety merchandise retailer signed an eleven year lease and will join a dominant tenant lineup at this 361,000-sq.-ft. shopping center including Kroger, Marshall’s, Sears Outlet, and Citi Trends.

Shoppers World is expected to open in the summer.

Johannesburg, South Africa -- A Tuesday report by Bloomberg said that hearings on a Wal-Mart Stores bid to acquire control of Massmart Holdings Ltd. will be adjourned to May 9, following an earlier announcement on Tuesday that the hearings would proceed this week.

After announcing that it will hear evidence from labor unions and Wal-Mart and Massmart this week and from the government on May 9 and May 10, South Africa’s Competition Tribunal now say the hearing has been adjourned to May 9.

Orlando, Fla. -- Jones Lang LaSalle said Tuesday it has appointed Carson Good to lead the firm’s retail capital market business throughout Florida.

The nation’s capital tops a list of the healthiest retail markets for 2011. The ranking, “ChainLinks/Terranomics Retail Power Rankings for 2011,” is based on the general overall health of a marketplace and includes such factors as overall economic indicators, income growth, ongoing construction, rental rate trends, and the amount of retail demand in the market.

New York City -- Information on Tuesday confirmed that private equity firm Leonard Green & Partners LP is considering an offer to acquire BJ’s Wholesale Club.

Leonard Green, which already as a 9.3% ownership stake in the wholesale club operator, said in an SEC filing that it is examining confidential information provided by BJ's as it evaluates an offer.

BJ's revealed in February that it was considering selling itself.

SAN BERNARDINO, Calif. — Stater Bros. has entered an agreement to purchase two stores from Albertsons in Lake Elsinore and Hesperia.

Stater Bros. said it expects to take possession of the locations from Albertsons, a Supervalu subsidiary, in mid-May. The California-based supermarket chain also said that the stores would receive several upgrades, including wider aisles, expanded and new full-service departments and energy-efficient refrigeration, skylights and recycling centers.

DALLAS – United Commercial Realty has named Robert Luleff as SVP. Robert is well respected in retail real estate and has consistently been a top performer in the Dallas-Fort Worth market. 

Luleff will join UCR’s retail services platform and will be instrumental in serving both the company’s institutional shopping center owner clients and 100+ national and regional retail clients.  Currently, he is handling the office product project leasing at Southlake Town Square, as well as various leasing assignments in the DFW area.