Development/Redevelopment

Woodstock, Ga. -- Transwestern’s Southeast Investment Services Group announced it brokered the disposition of East Cherokee Village Shoppes for $13 million. New Orleans-based PMAT Cos. acquired the 128,667-sq. ft., Publix-anchored shopping center is located in Woodstock, Georgia. Transwestern VP Fred Victor and managing director Kevin Markwordt represented the private seller.

Lucky Brand may be 25 years old, but with two new prototypes performing well and a series of omnichannel investments yielding results, the private equity-backed company’s most significant growth could be just beginning.

Soft Surroundings has completed a dividend recapitalization that was financed through an expansion of the existing credit facility.

The women’s lifestyle retailer is in the midst of a nationwide store expansion strategy, and the new debt financing includes a designated facility to fund future store openings. The company opened 11 new stores in 2015 and has identified over 15 locations for 2016.

Popular Northeast grocer Stew Leonard's is planning to open a 70,000-sq.-ft. store in Long Island this year.

Construction on the new store will start this summer with an anticipated opening date of mid-2017, the company said. Earlier this month, Stew Leonard’s opened its first Long Island store in Farmingdale’s Airport Plaza on Route 110.

The family-owned and operated grocery chain was founded as a dairy store in 1969 in Norwalk, Conn.

Nordstrom isn't satisfied with just one location in the Big Apple.

London -- CBRE Group Inc. has appointed Mark Burlton as Global Executive of its Retail Occupier team, EMEA. Burlton will lead the development of CBRE’s Retail Occupier business in Europe, as well as advising its European retail clients on expansion into the US and Asia, and international retailers into Europe.

Burlton will be based in London and work closely with Peter Gold, head of cross border retail, EMEA and David Close, senior director, EMEA occupier cross border. He will also join CBRE’s Global Retail Executive Group.

Brooklyn, N.Y. -- Acadia Realty Trust and Washington Square Partners, co-developers of City Point, announced that Fortina, the Italian restaurant of chef, Christian Petroni, signed a 15-year, 4,612-sq. ft. lease, at the 1.8 million-sq. ft. mixed-use project in Downtown Brooklyn, New York.

The American Dream mall will encompass three million square feet when it opens in northern New Jersey in 2017 and occupying 100,000 sq. ft. of that space will be fashion retailer Primark.