Real Estate

Dallas -- Cypress Equities said Wednesday that Sleep Experts has signed a lease to occupy the remaining portion of the company’s development that currently houses Freebirds World Burrito at the northeast corner of West Seventh Street and Foch Street in Fort Worth, Texas.

The 3,035-sq.-ft. store is expected to open in May and marks the third in Fort Worth.

TORONTO, ONTARIO —  The Canadian arm of the United Food and Commercial Workers union has taken aim at Target for its alleged unfair treatment of former Zellers workers.

The union claims that Target, which is converting 189 Zellers stores, is not giving former employees a fair shake in the hiring process and that many have been turned down for employment without reason.

Virginia Beach, Va. -- Divaris Real Estate announced Wednesday that six new stores totaling 57,434 sq. ft. will open at the company’s Pembroke Mall property, located in Virginia Beach, Va.

Hackensack, N.J. -- Crossroads Cos. said that frozen yogurt franchise RCD Frozen Treats will open a 1,750-sq.-ft. store at Riverfront Plaza, located in Hackensack, N.J.

RCD Treats is a franchise of Go Greenly.

Riverfront Plaza is a 130,000-sq.-ft. neighborhood shopping center anchored by ShopRite. Other national retailers and service providers at the center include Chase Bank, GNC, H&R Block, KFC, Radio Shack, Subway, Supercuts, Taco Bell and Verizon Wireless.

Philadelphia -- Jones Lang LaSalle announced Wednesday that it has closed the sale of Red Lion Plaza for Onyx Equities and Invesco Real Estate. A private buyer purchased the 229,204-sq.-ft. retail shopping center that is located in northeast Phildelphia, is 95% occupied, and anchored by Best Buy, Staples, American Signature and Planet Fitness.

Naples, Fla. -- Brixmor Property Group said that Big Lots will open a new store at Park Shore Shopping Center, located in Naples, Fla.

The 35,080-sq.-ft. store will open this year. Park Shore is owned and operated by Brixmor, based in New York City.

When an 180,000-sq.-ft. Walmart Supercenter opens at Hunter Crossroads this fall, it will mark the first major retail opening in the shopping center, which is part of a larger 160-acre planned mixed-use project.

Developed by Hunter Crossroads LP, the center is being leased by Transwestern, based in Dallas.

Construction on the new Walmart is more than halfway completed; expected opening date is September 2013 and the store will feature Walmart’s smaller, more efficient prototype in lieu of its more traditional 220,000-sq.-ft. layout.

New York -- SL Green Realty Corp. announced Wednesday that fashion retailer Alexander McQueen has signed a 15-year lease for a mid-block retail space at 747 Madison Avenue.   

The tenant is expected to move into the space during third quarter 2013.
 
The retail co-op interest at 747 Madison is owned by a joint venture that includes SL Green, Jeff Sutton and Harel Insurance Co.