Real Estate

Cicero, Ill. -- The town of Cicero, Ill., and Wal-Mart Stores announced an agreement on Tuesday to build a Walmart Supercenter on a portion of a former racetrack site.

Under the contract, Wal-Mart will pay $7.5 million for 24.67 acres of land at the long-vacant and dilapidated Sportsman’s racetrack to construct a 190,000-sq.-ft. store.

Cicero will continue to own 10 acres of the remaining Sportsman's property, which is reserved for future retail expansion and development.

New York -- Douglas Elliman’s Retail Group has won exclusive rights to lease a 25,000-sq.-ft., nine-building portfolio in Harlem.

Five of the buildings are on a central transverse at 135th Street, between Adam Clayton Powell and Frederick Douglass Boulevards, one is on Adam Clayton Powell Blvd. and three are on the revitalized Frederick Douglass Blvd. Store sizes range from 500 to 5,000 sq. ft.

St. Petersburg, Fla. -- The Sembler Co. has added nearly 900,000 sq. ft. to its portfolio of third-party management and leasing assignments through the end of the year’s second quarter.

New assignments include co-managing 672,259 sq. ft. of retail properties across Florida and Georgia with Community Reinvestment Partners II. Sembler will handle leasing for most of the properties.

Chicago -- Englewood Construction announced its retail group has begun work on the Chicago market’s first Ports 1961, a luxury apparel retailer, in Rosemont, Ill.
 
“Ports 1961 chose to enter the Chicago area by locating within Fashion Outlets of Chicago,” said William Di Santo, president of Lemont, Ill.-based Englewood Construction. “The retail world is anxiously awaiting the August 1 opening of this world-class fashion outlet mall in Rosemont.”

Westborough, Mass. -- BJ's Membership Club said it has opened its 200th club, located in Fayetteville, N.C.

Grand opening celebrations will take place on June 22 and 23.

Los Angeles -- Regency Centers Corp. has broken ground on Juanita Tate Marketplace, a $21 million grocery-anchored shopping center in underserved South Central Los Angeles.

Anchors include a 42,500-sq.-ft. Northgate Gonzalez Market and a 14,576-sq.-ft. CVS/pharmacy. The remaining space will include small shops, quick-service restaurants and a 1050-sq.-ft. educational community center operated by Concerned Citizens of South Central Los Angeles, a community revitalization group once led by Juanita Tate, who died in 2004.

Atlanta -- Shenandoah Plaza, a 146,121-sq.-ft. neighborhood center in Newnan, Ga., has been sold to the Georgia Capital Group by RCG-Newnan. Big Lots, Goodwill and Dollar General anchor the center.

The Atlanta office of SRS Real Estate Partners represented RCG-Newnan in the transaction.
 

New York -- Johnny Rockets has been acquired by an affiliate of private-equity group Sun Capital Partners Inc. Terms of the deal were not disclosed.

Johnny Rockets operates about 300 corporate and franchise-owned hamburger restaurants in 30 states and 16 countries, including 17 Six Flags amusement park locations and 11 Royal Caribbean cruise ships.