Deals

Union, N.Y. -- North Plainfield, N.J.-based Levin Management Corp. said that Ollie’s Bargain Outlet has leased 29,423 sq. ft. at the River Plaza shopping center in Union, N.Y.

The Mid-Atlantic’s largest retailer of closeout, surplus and salvage merchandise, Ollie’s will open at the 177,871-sq.-ft., Home-Depot-anchored property in September of this year – filling a key anchor vacancy.

In the Feb. 24 edition of SiteTalk, we asked you about Borders'just-announced Chapter 11 bankruptcy and closures, and to what retailers you thought some of that prime real estate would go. Here is what two of our readers had to say:

"[I think they will go to] regional furniture chains [Value City] and regional electronics such as Hhgregg."
-- Joe Deckop
Columbus Consulting
Columbus, Ohio

Los Angeles -- Caruso Affiliated said it has begun construction on 8500 Burton Way, an upscale residential and ground-floor retail property featuring Trader Joe’s, located in a flourishing region of Los Angeles, adjacent to Beverly Hills.

The eight-story building combines contemporary architectural elements with rich materials, and is moving forward at a time when most other commercial development has stalled.

Charlotte, N.C. -- Jacksonville, Fla.-based Regency Centers said McAlister’s Deli has leased restaurant space at Cochran Commons in Charlotte, N.C.

McAlister’s Deli has leased 3,600 sq. ft. and is slated to open this summer.

Cochran Commons is a 66,020-sq.-ft. Harris Teeter-anchored shopping center that also features Great Clips, Caribou Coffee and Walgreens.

Oro Valley, Ariz. -- Commercial Retail Advisors said that Belle Chic Salon & Spa has signed a lease for 1,385 sq. ft. in Placita de Oro Shopping Center, located in Oro Valley, Ariz. The new salon is slated to open this March.

Belle Chic is moving from an existing location, where it had been for three years.

Darby, Pa. -- Metro Commercial Real Estate announced it has negotiated new new leases totaling 33,113 sq. ft. at the new Darby Town Center, located in Darby, Pa. 

The 142,000-sq.-ft., Save-A-Lot-anchored center, which had its grand opening on December 9, 2010, will also be home to a new 10,000-sq.-ft Dollar Tree. A new 3,961-sq.-ft. lease was also completed for Hair World and Popeye’s will also lease approximately 2,152 sq. ft. 

Whittier, Calif. -- Watt Commercial Properties said that it has signed Dollar Super Store to a five-year lease for 5,762 sq. ft. of space at Santa Fe Springs Marketplace, an 144,261-sq.-ft. retail center located in Whittier, Calif.

Santa Fe Springs Marketplace is 97% leased to several tenants including Food 4 Less, Rite Aid, O’Reilly and Frazee Paint.

Toronto — The Hudson's Bay Co. announced it has earned exclusive Canadian franchise rights for the United Kingdom’s Topshop and its male counterpart, Topman. The agreement includes the rights for both freestanding locations and in-store shops, expected to launch in The Bay in fall 2011.