Real Estate

Venture Commercial has completed two leases on behalf of Northern Tool + Equipment in White Bear Lake, Minnesota, in the White Bear Marketplace, and in Live Oak, Texas, in The Village at Forum Parkway Shopping Center. Clay Mote of Venture Commercial, who is the master broker for Northern Tool + Equipment, made the announcement.

German discount grocery chain Lidl has broken ground for a new regional U.S. headquarters and distribution center in Spotsylvania County, Virginia. The facility is expected to create 200 jobs in the state and open no later than 2018.

Lands' End is getting into the brick-and-mortar business just in time for the busiest shopping season of the year.

The online retailer plans to open two holiday pop-up shops, one in New York and one in Boston.

Greensboro, N.C. -- Tanger Factory Outlet Centers, Inc. announced the election of David B. Henry to its board of directors, effective Jan. 1.

Henry will retire from his current role as vice chairman of the board and CEO of Kimco Realty Corporation, effective Jan. 1. He joined Kimco, North America's largest publicly traded owner and operator of open air shopping centers, in April 2001 as vice chairman and chief investment officer, served as its president from December 2008 through August 2014, and has served as CEO since December 2009.

Pickerington, Ohio -- Stark Enterprise announced the addition of The Shoppes at Stonecreek located in Pickerington, Ohio to its retail portfolio. The 45,000 sq. ft. center is currently 100% occupied, tenants include: Lifetime Fitness, Petland, Advanced Vapor, Lomonico’s and Roosters.

“This acquisition further expands our footprint outside of Northeast Ohio and is a prime opportunity for us to prove the transformational impact we have on our properties,” said Ezra Stark, COO for Stark Enterprises.

Houston-based Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, has completed a 3,469-sq.-ft. lease on behalf of Crossroads Trading.

Crossroads Trading will open its first Texas location in Central Houston’s Montrose neighborhood in the Westmont building. Crossroads Trading buys, sells and accepts trade-ins of used clothing and accessories.

Velocity Retail Group, a full-service commercial real estate services company based in Phoenix, has secured a 10-year lease for Beall’s Outlet.

Beal’s Outlet will join the lineup at Westporte Village in Glendale, Arizona. The 23,600-sq.-ft. space is slated to open in November 2015. Velocity Retail Group VP Michael Clark and associate VPs Larry Miller and John Jackson represented the landlord. Newmark Grubb Knight Frank represented the tenant.

Ikea plans to install a solar energy system atop its Las Vegas store, opening summer 2016.

Panel installation will begin this winter, with completion expected in spring for what Ikea says will be the largest single-use rooftop solar array by a retailer in the state of Nevada. The 351,000-sq.-ft. future Ikea Las Vegas, and 1,300 parking spaces, currently is under construction.

Oak Brook, Ill. -- Inland Real Estate Acquisitions announced the acquisition of five properties in September on behalf of Inland related parties totaling nearly 500,000 sq. ft. across five states. The acquisitions collectively total $138.4 million in purchase price.

Ridge Hill Shopping Center, developed by Forest City Ratner Companies (FCRC), is expanding.

During the course of the last month, Yonkers, New York-based Ridge Hill added nine new retailers and attractions to its roster of tenants. In the first half of 2015, the center added a total of 50,000 sq. ft. of retail and restaurants, with an additional 15,000 sq. ft. of office space. Seasonal offerings will account for another 14,000 sq. ft. and the center is poised to add 10,000-sq.-ft. of permanent retail before the year ends.