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Deals

  • Six more Neighborhood Market prototypes sold

    Skilken/Gold has announced the sale of six Neighborhood Market stores, one of which was a prototype of Walmart’s new design for its grocery store concept.   The Louisiana stores all average about 42,000 sq. ft., including the Baton Rouge location that emerged from Walmart’s “build-to-suit” program initiated in 2014.   The Hampshire Companies and a South Korean partner acquired the properties for $78 million.   

  • Amazon distribution center set for Lake Nona

    One of the nation’s fastest-growing communities shows no signs of slowing down.    Amazon has selected the master-planned town outside Orlando as the site of an 850,000-sq.-ft. distribution center set to open in 2018. It will create more than 1,500 full-time jobs, according to Amazon’s VP of North America Operations Akash Chauhan.  

  • Cushman names director of Palm Beach brokerage

    Cushman & Wakefield has tapped Dominic Delgado as senior director of its retail brokerage for Palm Beach and Broward County, Florida.   Delgado moves over to Cushman from LDR Partners, a Florida firm that focused on acquisition of low-performing retail, office, and hospitality real estate during the recession. As executive VP there, Delgado represented a mix of national and regional developers and REITs.  

  • Report: Lampert considering deal with Sears Canada

    The chairman and CEO of Sears Holding Co., is reportedly considering a deal with bankrupt Sears Canada.  

  • Report: Amazon beat out six other suitors for Whole Foods Market

    As it turns out, there was lots of interest in Whole Foods Market.   The retailer was fielding other potential deals, including approaches by four private equity firms and two unnamed companies identified only as "Company X" and "Company Y," when Amazon made its move, CNBC reported.   

  • Remade center means new train station for Illinois town

    The town managers of New Lenox, Illinois, needed a new train station, so they bought a shopping center.   It was three years ago that Mayor Tim Baldermann and New Lenox purchased the Rock Island Station Shopping Center, according to the Chicago Tribune.  It invested more than $3 million in the site, which included buying out the businesses of the four stores there, demolishing them, and doing an environmental clean-up.    

  • Midwest home furnishings retailer expanding

    The RoomPlace growing its store portfolio.   The family-owned company has opened a new showroom and warehouse distribution center in Indianapolis. The location is part of a strategic initiative to expand the furniture retailer's footprint in the city.   The new outpost also marks The RoomPlace's 25th store, with locations across Illinois and Indiana. It is one of the company's largest, at over 70,000 sq. ft. features a 16,000-sq.-ft. clearance center.   

  • Gander Mountain to survive in scaled back fashion — and under new banner

    Camping World Holdings has given an update on its plans for Gander Mountain.   Camping World, which acquired the assets of Gander Mountain and boating division Overton's in a bankruptcy auction in May, said it plans to operate 57 locations — assuming details can be worked out with landlords and final acceptable leases agreed to. Liquidation sales started in May at all 160 Gander stores.   

  • Walgreens cancels deal to buy Rite Aid

    Walgreens Boots Alliance has announced a new Rite Aid deal, effectively ending its nearly two-year quest to acquire the Camp Hill, Pa.-based drug store chain. The divestiture agreement with Fred's Pharmacy, whereby Fred's would buy 865 stores, is also terminated.  

  • Specialty retailer exploring options

    Eddie Bauer LLC could be for sale.   The retailer has hired investment banks Guggenheim Partners LLC and Financo LLC to explore strategic alternatives, including a potential sale, Reuters reported. The debt-laden company is seeking relief from a $225 million term loan due in 2020 and $200 million revolving credit line that comes due in 2019, the report said.  
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