Real Estate

Colton, Calif. -- The Hodgdon Group announced that it has completed construction of the conversion of a former Babies "R" Us building at Eastland Center in West Covina, Calif., for the opening of an Ashley Furniture HomeStore on March 15.

Hodgdon Group's HMC Construction handled all entitlements and served as the design-build contractor for the major renovation of the 42,000-sq.-ft. freestanding building. The West Covina location, in Eastland Center, represents the 15th Ashley Furniture HomeStore to be completed by the Hodgdon Group.

Atlanta -- Global Franchise Group announced Tuesday a master franchise agreement with Western Brands PVT for the opening of the first Marble Slab Creamery locations in the country of Pakistan.

The deal calls for the development of 10 Marble Slab Creamery stores in Pakistan over a 10-year period, with the 5,000 sq. ft. flagship store opening up in the major city of Lahore, Pakistan.

Marble Slab Creamery is managed by GFG Management, a subsidiary of Global Franchise Group.

Washington, D.C. -- The Rappaport Cos. and Principal Real Estate Investors announced a joint venture to acquire retail assets throughout the Mid-Atlantic region.  

The program launched with the recapitalization of approximately 1 million sq. ft. of retail space in four retail centers located in Northern Virginia.  

KANSAS CITY, Mo. — Hostess Brands announced that it has selected United States Bakery's approximately $30.9 million offer as the winning bid for the company's Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's bread brands, four bakeries, and 14 depots, plus certain equipment. 

The United States Bakery offer was selected as the highest and best bid at a March 15 auction. The company will ask the U.S. Bankruptcy Court for the Southern District of New York to approve the transaction at a hearing on April 9.

Middletown, N.Y. -- National Realty & Development Corp. said that Chipotle Mexican Grill will join Orange Plaza with a new 4,625-sq.-ft. store.

Orange Plaza is an 815,000-sq.-ft. power center located in Middletown, N.Y. and anchored by Walmart Supercenter, Home Depot, Kohl’s, Burlington Coat Factory, Marshalls, Bed Bath and Beyond, and Staples.

Edgewater, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that T.J. Maxx’s HomeGoods will open a 24,000-sq.-ft. anchor store at Edgewater Harbor, in Edgewater, N.J.

Orlando, Fla. -- Cuhaci & Peterson Architects said Tuesday it has been awarded contracts to design three Ale House restaurants — in Winter Park, Fla., Queens, N.Y., and the Philadelphia area.

The restaurants average 10,000 sq. ft. each.
 

Minneapolis -- Target Corp. said Monday that it will open 17 southwestern Ontario, Canada store on March 19 and another four on March 28, on the heels of three successful pilot-store launches in the area.

The added slate of openings, said Target, will allow the retailer more opportunity to volume-test in advance of April grand opening dates.