Real Estate

New York City -- J. Crew Group received no rival bid during a solicitation period and will stick with its nearly $3 billion buyout offer made by two private equity firms in November, according to Reuters. J. Crew agreed in November to be taken private by the two firms. It was able to solicit higher bids until Saturday.

MINNEAPOLIS  —Target announced that its chief marketing officer, Michael Francis, will serve as the executive committee sponsor of Target’s entrance into the Canadian market.  In this role, Francis will oversee the extension of Target’s brand as part of the corporation’s first-ever expansion of its stores beyond the United States, the company reported. 

New York City -- Chicago's City Council on Thursday approved a $1 million property tax break for Costco Wholesale Corp. to build its second store in the city, Chicago Business reported.

The tax break was introduced by Mayor Richard M. Daley at a December City Council meeting. He asked that the retailer receive a $1 million tax break over 12 years for a store to be built at 14th Street and Ashland Avenue.

Elizabeth, N.J. -- Columbus, Ohio-based Glimcher Realty Trust has announced plans for the largest single-roof top solar system in North America to be built on the roof of Jersey Gardens in Elizabeth, N.J.

Brandon, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Brandon, Fla., at Bloomingdale Square to Pet Supermarket.     

Pet Supermarket has leased 9,000 sq. ft., bringing the center to 96% leased. The pet supply retailer is slated to open in first quarter 2011.

The 267,736-sq.-ft. shopping center is anchored by a 92,681-sq.-ft. Wal-Mart, Bealls and Publix, plus other retailers such as Dollar Tree, Hallmark, RadioShack and Bank of America.

Los Angeles -- BH Properties announced that Ronald J. Platisha has been promoted to the newly created position of COO.

Platisha will lead the organizational operations while building and maintaining relationships with financial institutions.

Platisha, a 30-year veteran in the commercial real estate industry, has served as CFO at BH Properties for the past four years.

Kansas City, Kan. -- Beachwood, Ohio-based Developers Diversified Realty Corp. said that Anthropologie will open an 11,202-sq.-ft. store at Town Center Plaza, a 626,000-sq.-ft. lifestyle center located in Leawood, Kan.

The new store is slated to open this summer.

In 2010 at Town Center Plaza, Victoria's Secret relocated and expanded to a new 7,200-sq.-ft. prototype store, Bath & Body Works expanded into a 3,267-sq.-ft. space, and The Limited executed an agreement to open a 4,595-sq.-ft. store in the spring.

San Clemente, Calif. -- Centro Properties Group said that a 1,198-sq.-ft. lease has been executed with Sports Clips at Ocean View Plaza, in San Clemente, Calif.

New York City-based Centro is the owner of Ocean View Plaza.
 

Jacksonville, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Jacksonville, Fla., at Shoppes at Bartram Park to Jacksonville Running Co.

Specializing in the sale of running footwear and apparel, Jacksonville Running Co. has leased 1,600 sq. ft., bringing the center to 94% leased.

The tenant is slated to open for business in the spring.

The 119,376-sq.-ft. shopping center is anchored by Publix alongside The UPS Store, Massage Envy, Five Guys Burgers and Fries and Panera Bread.

New York City -- Robert K. Futterman & Associates said it has arranged a long-term, 10,700-sq.-ft. lease with Mulberry at 134 Spring St., between Greene and Wooster Streets in SoHo.

The store will serve as the British lifestyle brand’s flagship location in New York City and will be its third store in Manhattan. Scheduled to open in the summer, Mulberry will occupy 5,700 sq. ft. of ground-floor retail and 5,000 on the lower level and will sell ready-to-wear in addition to accessories.