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Deals

  • J. Crew acquisition completed

    New York City -- J.Crew Group said Monday its $3 billion deal to be taken private by two investment firms is complete.

  • Report: Inditex pays $400 million for Fifth Ave. Zara space

    New York City -- Spain’s The Inditex Group of Spain will pay $400 million for a flagship Zara retail store at 666 Fifth Avenue in Manhattan.

    According to a report by the Wall Street Journal, who cited people familiar with the matter, the transaction is one of the largest retail condominium deals ever. Zara bought out a 32,000-sq.-ft. lease from former occupant NBA store, which had less than three years remaining, according to the report.

  • Guitar Center to open at Oakview Plaza North

    Omaha, Neb. -- New York City-based The Lightstone Group said Thursday that Guitar Center has signed a 10-year, 18,000-sq.-ft. lease at Oakview Plaza located in Omaha, Neb.

    Built in 1999, Oakview Plaza is a power center that serves Omaha's westward expansion, and comprises three single-story retail buildings located on approximately 19.6 acres of land and containing approximately 177,303 rentable sq. ft. It is tenanted by Famous Footwear, Men's Warehouse, PetSmart, Panera, Dick's Sporting Goods and Babies "R” Us.

  • Delaware Supreme Court rejects Burkle’s appeal in Barnes & Noble suit

    Dover, Del. -- The Delaware Supreme Court has rejected an appeal by billionaire Ron Burkle in a lawsuit challenging a poison pill plan adopted by Barnes & Noble after he doubled his stake in the company.

    After hearing arguments Wednesday, the court on Thursday affirmed a judge's ruling last year upholding the poison pill plan, which limited a shareholder's stake in the company to 20%.

  • Creditors object to Blockbuster’s plan to sell itself

    New York City -- Some landlords, vendors and other unsecured creditors of Blockbuster are objecting to Blockbuster's plan to sell itself because they fear they won't be paid what they are owed, according to the Associated Press.

    A hearing to approve the stalking horse bid and auction was originally scheduled for Wednesday, but was postponed late Tuesday until March 10 while the judge considers the objections.

  • Casey’s acquires five QuikTrip stores in Missouri

    Ankeny, Iowa -- Casey’s General Stores has signed a definitive purchase agreement to acquire five convenience stores from QuikTrip Corp. All of the stores are located in the Springfield, Mo., metropolitan area.

    The stores will be immediately rebranded to Casey’s once the transaction is completed.

  • A lineup of tenants, including Whole Foods, gives New Jersey the nod

    Old Bridge, N.J. -- R.J. Brunelli & Co. said Thursday that it has completed a series of leases that will bring major retailers, restaurants, recreational facilities and personal services to sites in Middlesex, Monmouth, Ocean, Mercer, Union, Essex, and Bergen counties in central and northern New Jersey.

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