Real Estate

New York -- Delhaize Group announced that it would close 33 under-performing Sweetbay stores in Florida by mid-February. The shutterings, which are part of a broader reorganization plan, amount to about one-third of the chain.

“While these decisions are difficult, especially given the impact on our associates, customers and communities, these actions will continue to enhance the performance of our overall store portfolio and further enable us to deliver profitable growth and accelerate shareholder value,” the company said in a statement.

PHILADELPHIA — Five Below has proposed a secondary offering of 7,000,000 shares of its common stock, amid reports that sales are not as bad as originally feared.

Covington, La. -- Stirling Properties said Tuesday it plans to develop a full-service Walgreens drug store in Terrytown, La., on the Westbank of New Orleans.

The proposed Walgreens, which will be a relocation of an existing nearby store, will be located on the site of a former A&P Grocery/Eckerd Drug-anchored shopping center.  

Beachwood, Ohio -- DDR Corp. announced Tuesday that it has expanded its redevelopment program in Puerto Rico from $50 million to $90 million.

"Increased demand for quality retail space in this supply-constrained market has created unique value-add opportunities in many of our most productive assets," said Paul Freddo, senior EVP leasing and development, DDR. "By executing our strategic redevelopment plan, we are creating attractive opportunities for our key domestic tenants to establish or expand their presence on the island."

South Plainfield, N.J. -- National Retail & Development Corp. announced Tuesday that Dick’s Sporting Goods will anchor Hadley Center in South Plainfield, N.J., joining current anchors Target, Kohl’s, Regal Cinemas and Marshalls.
 
Dick’s will occupy 50,175 sq. ft. and plans to open in late summer 2013, which brings Hadley Center to 100% leased.

The 542,000-sq.-ft. Hadley Center is located in a 1.4 million-sq.-ft. mixed-use development, home to more than 120 companies.

New York -- Winick Realty Group said that women’s formal wear brand Social Apparel, with locations in four New York malls, has leased its first freestanding location at 255 West 34th Street, located between Seventh and Eighth Avenues in Manhattan’s Garment District.

The store includes 1,760 sq. ft. on the ground floor, 1,276 sq. ft. on the mezzanine and 1,540 sq. ft. in the basement.
 

New York -- Walmart will open a mini-store on the campus of Georgia Tech, according to a report by the Atlanta-Constitution.

The 2,500-sq.-ft. convenience-store styled location, expected to open this spring, will be the retailer’s smallest unit in the country.

The Georgia Tech store will be Walmart’s second campus location. In 2011, the retailer opened a store on the campus of the University of Arkansas.
 

Denver -- The Zall Co. said Wednesday that Marco’s Pizza will open a new restaurant in Denver, marking the ninth Colorado location for the chain.

The latest unit will join Which Wich, Noodles & Co. and T-Mobile at a retail project located between Gaylord and York Street on E. Colfax.