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Deals

  • Appleton Learning Center to open at Woodway Collection

    Houston -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Houston at Woodway Collection to Appleton Learning Center.

    Specializing in tutoring services, group classes, student testing and other related services, Appleton Learning Center has leased 2,440 sq. ft. and is slated to open in February 2011.

    The 111,165-sq.-ft. shopping center is anchored by Randalls alongside national retailers such as Carrabba’s Italian Grill, Pearle Vision and Chase Bank.

  • Lack’s retains DJM Realty to dispose of all retail and warehouse locations

    Victoria, Texas -- Lack Properties and Lack’s Stores said Thursday it has hired Melville, N.Y.-based DJM Realty, a Gordon Bros. Group company, to manage the disposition of all leased and owned retailer and warehouse facilities throughout Texas.

    Lack’s is an independently owned retail home furnishings chain operating as Lack’s and Lacks Home Furnishings.

  • Three new tenants open at Commons at Town Center

    Boca Raton, Fla. -- Woolbright Development announced that the following three stores have recently signed leases at The Commons at Town Center in Boca Raton, Fla., and are now open for business.

    Plato’s Closet occupies 3,000 sq .ft., Prime Cigar & Wine Bar occupies 2,335 sq. ft., and Jamie’s Boutique, which sells high-end women's contemporary and denim apparel, occupies 1,235 sq. ft.

    The 117,921-sq.-ft. Commons at Town Center is anchored by Barbara Katz, TooJays and Moe's Southwest Grill.

  • Charter Realty named retail leasing broker for Storrs Center

    Mansfield, Conn. -- LeylandAlliance, master developer for Storrs Center, announced that Charter Realty & Development Corp. has been named the exclusive retail leasing broker for Storrs Center.

    Storrs Center is a $220 million, mixed-use town center and Main Street project located in Storrs, Conn. The public-private partnership is being developed in cooperation with LeylandAlliance, the Mansfield Downtown Partnership, and Education Realty Trust.

  • 7-Eleven continues aggressive growth with purchase of 183 ExxonMobile sites

    Dallas -- 7-Eleven has agreed to acquire ExxonMobil's retail interests in 183 Florida sites. The transaction, expected to close early in 2011, is subject to standard closing conditions and regulatory approvals. Terms of the deal were not disclosed.

  • Casey’s profit falls on costs associated with fighting hostile bid and recapitalization

    Ankeny, Iowa -- Casey's General Stores reported on Wednesday that the costs of its recapitalization plan and its defense against hostile bids by competitor Canada’s Alimentation Couche-Tard take a bite out of its second-quarter net income.

    Casey's said it earned $21.7 million for the quarter that ended Oct. 31, compared with $33.6 million in the same quarter last year. The results include roughly $19.4 million in expenses related to its recapitalization plan and the dispute with Couche-Tard.

  • Tempe Marketplace acquired in $280 million deal

    Phoenix -- Vestar Development Co. and Rockwood Capital on Tuesday acquired Tempe Marketplace for $280 million by buying out an original partner. In conjunction with the closing, Tempe Marketplace received a new $200 million permanent financing package from GACC.

    Vestar was the developer of Tempe Marketplace and had previously partnered with DLJ/Credit Suisse. Both Rockwood and Vestar made significant investments in the acquisition. Under terms of the deal, Vestar will be the managing partner.

  • George Smith Partners completes construction financing on retail center development

    Los Angeles -- Commercial real estate investment banking firm George Smith Partners, has completed a $17.2 million, two-phase, construction loan transaction in Oxnard, Calif., for Upside Investments.

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