Real Estate

Houston - Sub Zero Ice Cream & Yogurt has leased 1,200-sq.-ft. of retail space in Vintage Marketplace, a Whole Foods-anchored shopping center, for its first Houston location. Jacob Grossman with The Weitzman Group handled negotiations as exclusive tenant representative for Sub Zero.

At Vintage Marketplace, Sub Zero joins a line-up that includes, in addition to Whole Foods, concepts including Verts, Orangetheory Fitness, Mod Pizza, Supercuts and several others.

Brooklyn, N.Y. - Home furnishings retailer West Elm will open its first South Carolina retail store in the Charleston on Aug. 13.

The nearly 10,000-sq.-ft. store will open with West Elm’s fall 2015 product assortment, a suite of complimentary design services and feature crafted goods by nine local artists and makers as part of West Elm’s “Local” initiative.

The new store is expected to bring an estimated 25-30 jobs to the Charleston community.

Cincinnati - Phillips Edison Grocery Center REIT II Inc. has acquired two grocery-anchored shopping centers, expanding the company's portfolio in Colorado. Meadows on the Parkway is a 216,437-sq.-ft. grocery store-anchored shopping center in Boulder, Colorado, The center is anchored by Safeway and also features national tenants Subway, Regus, Great Clips, Michaels, Anytime Fitness and Fast Signs.

Las Vegas – Privately held real estate company Vestar has completed a buyout of The District at Green Valley Ranch, in Henderson, Nevada. Vestar paid $120 million to its joint venture partner Rockwood Capital to take full ownership of the 37-acre, 384,107-sq.-ft. landmark retail property minutes from Las Vegas.

Montvale, N.J. – The rumors are true. As expected, the Great Atlantic & Pacific Tea Company Inc. (A&P) has filed for Chapter 11 bankruptcy.

In a brief statement on its website, privately held A&P says it has secured financing of $100 million and voluntarily filed for chapter. A&P has also entered agreements to sell 120 stores for $600 million and will close more of its 296 stores in the near future.

Tampa, Fla. – The U.S. is known as a melting pot, and now a major U.S. casual dining chain wants to turn the world into a melting pot of consumers of its food. The Melting Pot Restaurants Inc. has partnered with commercial real estate advisory firm Newmark Grubb Knight Frank (NGKF) to support a long-term domestic and international expansion strategy.

West Sacramento, Calif. – Raley’s Supermarkets is considering hitting the big city. According to The Sacramento Bee, Raley’s is evaluating the launch of a smaller “farmer’s market” store format aimed at hip urban dwellers.

The format would focus on healthy and locally produced items. If Raley’s goes ahead with the concept, it could take up to two years to roll them out. Raley’s is considering opening two of the urban stores in downtown Sacramento.

Ross Stores is crossing off a big chunk of its to-do list as the retailer moves forward with its plans to open 90 stores in 2015.