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New fresh DC opening in Minnesota
Walmart is enhancing its perishable supply chain in the upper Midwest with a new distribution center in Mankato, Minn., slated to open in early 2015.
The retailer broke ground late last month on the 420,000-sq.-ft. facility located a little more than an hour southwest of Minneapolis. Once open in the Spring of 2015 the DC will serve stores in Minnesota and neighboring states of Iowa, North Dakota, South Dakota and Wisconsin.
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Joint venture acquires greater Cleveland center
NEW YORK — Hornig Capital Partners, a privately held New York City-based investment company, has combined in a joint venture with Hutensky Capital Partners of Hartford, Conn. to acquire the Golden Gate Shopping Center in Mayfield Heights, Ohio, in the greater Cleveland region. The joint venture purchased the property from Forest City Enterprises for $47,050,000, together with B&D Holdings, making it one of the largest single asset retail deals in the region during the past 24 months.