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Real Estate

  • Pep Boys puts itself up for sale

    Several months after its CEO resigned in September, Pep Boys says it is reviewing strategic alternatives, including a possible sale, merger or other deal.

  • Corner Bakery Café taking off in airports

    Dallas - Corner Bakery Cafe has found another route to help it reach its goal of doubling its national footprint in the next two years.

    The company, which operates more than 185 company-owned and franchised locations around the country, said it plans to expand in the nation's busiest airports. The chain is basing the plans on success of its Hartsfield-Jackson International Airport location in Atlanta.

  • This grocer is thinking big as competitors go small

    With many retailers such as Walmart and Target focused on opening smaller stores, Midwest supermarket operator Roundy’s is thinking big in Chicago with its newest Mariano’s location.

  • Bon-Ton selling stores to help pay off loan

    The Bon-Ton Stores is looking to help pay off a $105 million mortgage on 12 properties with a new deal.

    The retailer announced it will sell six properties to CPA:17-Global, a real estate investment trust of W.P. Carey, and lease them back. The deal will generate $84 million for Bon-Ton.

  • Bigger is better for this furniture retailer

    Warren, Mich. -- At least one retailer is bucking the current smaller store trend by opening its biggest location to date.

    Art Van Furniture will open a two-story, 112,000-sq.-ft. store showroom in Downers Grove, Ill., on July 30. It will not only be the largest Art Van Furniture store among the company's 90 Midwest locations, but also and the largest furniture store in Chicagoland.

  • Bon-Ton sells six stores in leaseback agreement

    York, Pa. - The Bon-Ton Stores Inc. is selling six stores for $84 million to CPA: 17 – Global, a non-traded real estate investment trust (REIT) of global net lease REIT W.P. Carey Inc. Bon-Ton will lease the stores back.

    Proceeds from the transaction will be used to pay one of two of the company’s mortgage loans due in April 2016. Each loan has about $105 million in principal and consists of 12 properties. Bon-Ton is actively pursuing refinancing options for the second loan.

  • Bass Pro Shops on expansion track

    New York -- Bass Pro Shops will soon be fishing for new customers in Florida. The fast-growing chain is on track to open its 10th location, in Tampa Bay.

    Read more here.

  • Johnny Rockets sets course for Poland

    Aliso Viejo, Calif. - Johnny Rockets is expanding into Poland, with its first Polish location expected in Warsaw in early 2016. The casual dining chain has reached a development agreement with HDS Polska Group to build and operate 10 Johnny Rockets restaurants during the next 10 years.
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    HDS Polska Group is a subsidiary of publicly-traded company Lagardere Services that operates a network of more than 800 outlets in the Polish market including convenience stores, coffee shops and full service restaurants.

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