Real Estate

Houston -- Houston-based X Team International partner Baker Katz said that it has completed the sale of the former Syms clothing store in Houston’s Westchase District.

The 40,777-sq.-ft. building was sold to Tennis Express for an undisclosed amount. Tennis Express will relocate an existing store and consolidate off-site storage into the new location.
 

Beachwood, Ohio -- DDR Corp. on Thursday announced the acquisition of two prime power centers for $151 million during the fourth quarter.

DDR purchased Carolina Pavilion, located in Charlotte, N.C., from Blackstone Real Estate Partners for $106 million. The 94% leased, 852,000-sq.-ft. center is anchored by Target, Kohl's, Nordstrom Rack, Ross Dress for Less, Buybuy Baby, Bed Bath & Beyond, Jo-Ann Fabric and Craft Stores and AMC Theatres.

New York -- Private equity firm Cerberus Capital Management LP and its partners are nearing an agreement to buy parts of Supervalu Inc., the Wall Street Journal reported.

Cerberus and its partners plan to buy some assets of the retail chain and take a stake in the remainder, which is expected to remain public, according to the report.

New York -- Winick Realty Group said that Hale & Hearty has signed a lease for its latest location at 177 Madison Avenue, between East 33rd and East 34th Streets.
 
The tenant will occupy 2,500 sq. ft. on the ground floor and 2,500 sq. ft. in the basement.
 
Hale & Hearty Soups currently has 28 locations throughout Manhattan, Brooklyn and Long Island.

Tucson, Ariz. -- Commercial Retail Advisors said that Wags To Riches Pet Grooming Salon has signed a new lease for 900 sq. ft. in Plaza Sonora and plans to relocate there in March 2013.

Wags To Riches has two pet grooming salons in the Tucson area.

Indianapolis -- Simon Property Group and Institutional Mall Investors (the co-investment venture owned by an affiliate of Miller Capital Advisory and The California Public Employees' Retirement System [CalPERS]), on Thursday announced that they have formed a joint venture to own and operate The Shops at Mission Viejo in the Los Angeles suburb of Mission Viejo, Calif., and Woodfield Mall in the Chicago suburb of Schaumburg, Ill.

New York -- British clothing and accessories retailer Jack Wills Outfitters is opening a new store, in New Canaan, Conn.

The company has chosen builder and general contractor A&O Danner, Inc., of Plymouth, Mass., to complete the buildout. In 2010-11, Danner built two other Jack Wills stores in Connecticut, in Greenwich and Westport.

Cincinnati -- Macy’s on Thursday announced what it described as “normal-course adjustments” to its portfolio of Macy’s and Bloomingdale’s stores that include shuttering six locations (all in early spring 2013) and opening nine others.