Development/Redevelopment

Deerfield, Ill. -- Walgreens on Tuesday reported a profit of $754 million for the second quarter, down from $756 million in the year-ago period, amid lower sales of generic drugs. The retailer also said it will close 76 locations in the second half, although it plans to increase its total store count by 55 to 75 by the end of the year.

Sales for the quarter ended Feb. 28 rose 5.1% to $19.6 billion, beating expectations. Prescription sales, which accounted for 62.2% of sales in the quarter, increased 7.0%.

Manassas, Va. — Don Lencho Cocina Mexicana has opened at Manassas Shopping Center in Manassas, Va., next to Xtreme Archery. This is the third Washington, D.C., area restaurant owned by the husband and wife team of Juarez and Karen Barroso. The couple also owns Guajillo in Arlington, Va., and Casa Oaxaca in Adams Morgan in Washington, D.C.

The Manassas Shopping Center retail store line-up includes Peebles, Hancock Fabrics, Advance Auto Parts, Tony’s New York Pizza and the Manassas School of Dance.

Los Angeles — CBRE’s nation retail investment group has announced the sale of San Antonio’s Westover Marketplace Shopping Center on behalf of Coventry Real Estate Advisors. Inland American purchased the 242,664-sq.-ft. property for an undisclosed price.

The Class A regional power center resides inside the Westover Hills master-planned development. It is 93.4% occupied.

Alpharetta, Ga. -- McAlister's Deli has partnered with several lenders for franchise expansion nationwide. First Franchise Capital, Balboa Capital and Franchise America Finance have committed to financing new construction and remodels, as well as POS upgrades and equipment.

In 2014, McAlister's will celebrate its 25th anniversary and expects to open 25 new restaurants in new and existing markets, including in Ohio, Texas, Pennsylvania, Wyoming, Arizona, New Mexico, Virginia and Florida, among others.

New York — Specialty apparel retailer Express has opened a three-level 28,000-sq.-ft. store in the I. Miller building New York City’s Times Square.

“It’s Express on steroids,” said Michael Weiss, the chairman and chief executive officer of Express. “This is an elevated presentation where the homes for each category are much more defined.”

Burlington, Mass. — New England regional fitness company, Wow! WorkOut World has subleased an 18,474-sq.-ft. space at Pawcatuck Shopping Center in Pawcatuck, Conn. KeyPoint Partners negotiated the sublease on behalf of its client Stop & Shop.

Pawcatuck Shopping Center is a convenience-oriented center with a variety of local tenants and a Rite Aid pharmacy.

The KeyPoint Partners leasing team handles leasing for retail properties totaling nearly six million sq. ft.

Fort Worth, Texas -- RadioShack has opened its latest Manhattan concept store. The newly remodeled store is one of more than a dozen concept stores to open in Manhattan since RadioShack debuted the company's first concept store in July 2013.

Baltimore — The Cordish Cos. and the St. Louis Cardinals have announced that AT&T has joined Ballpark Village in St. Louis as the naming rights sponsor for the two-story seating deck atop Cardinals Nation. As part of a multi-year agreement, the Cardinals Nation ticketed deck will be known as the AT&T Rooftop.