Real Estate

A vocal minority continues to keeps Walmart at bay in New York where reports this week indicated the company has pulled back on expansion efforts there.

Walmart’s efforts in New York have been a series of fits and starts so to whatever degree the company has pulled back, don’t expect it to last. Walmart will be back and there waiting for it will be those ideologically opposed to anything Walmart does.

Indianapolis -- Kite Realty Group said that Buffalo Wild Wings will open on a 0.92 acre outparcel at Glendale Town Center, located in Indianapolis.

In other Kite Realty news, Maurices has leased 4,751 sq. ft. at Red Bank Commons, located in Evansville, Ind., and Hair Studio Artists leased 1,241 sq. ft. at Delray Marketplace, in Delray Beach, Fla.  

Boston -- Boston-based The Wilder Cos. announced Wednesday that PetSmart will grand-open its new store on March 9 at Wilder’s Rochester Crossing, N.H., shopping center.

The opening of the 12,000-sq.-ft. store will bring the shopping center to 100% occupancy.

Rochester Crossing, at 304,500 sq. ft., also feature Kohl’s, Lowe’s, Jo-Ann Fabric and Craft, GameStop, Tropical Smoothie and Buffalo Wild Wings.

City of Industry, Calif. -- Hot Topic announced it has agreed to be acquired by New York-based private equity firm Sycamore Partners for $14.00 per share in cash, or a total of approximately $600 million.

The agreement, unanimously approved by Hot Topic’s board of directors, represents a premium of approximately 30% over Hot Topic’s closing stock price on March 6, 2013.

Selden, N.Y. -- Brixmor Property Group said that Blink Fitness and LeMarc’s Hallmark Shop recently opened at College Plaza, located in Selden, N.Y.

Blink Fitness opened a 15,416-sq.-ft. facility and Hallmark opened in 4,044 sq. ft.

Brixmor, based in New York City, owns and operates College Plaza.

Ewing, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said Wednesday that Dollar Tree will open a store at Capitol Plaza, located in Ewing, N.J. The 13,810-sq.-ft. store is slated to open in the spring.
 
As well, a newly expanded Center for Allied Health & Nursing Education will celebrate its grand reopening at Capitol Plaza in March. The nursing school will be renamed Jersey College School of Nursing; it tripled its space to 30,000 sq. ft. in the shopping center, which is leased and managed by Levin.
 

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.

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.