Real Estate

Dallas — SRS Real Estate Partners, in partnership with Cresa Toronto, has opened an office in Toronto, Canada. It is the company’s first Canadian office and second international location. Jamie Grossman, managing principal for Cresa Toronto will oversee the new office, while SRS has brought in Lindsay Ryder as first VP for SRS.

Houston — Fuddruckers has opened its first restaurant in Europe — in Varese, Italy near Milan. The fast casual restaurant is the first of 10 planned by a new franchise partner, Vinum et Alia. Future sites being considered are in Italy, Poland and Switzerland.

The design of the 5,000-sq.-ft., 120-seat restaurant references Fuddruckers’ classic roadhouse origins.

Chestnut Hill, Mass., and Greensboro, N.C. — Tanger Factory Outlet Centers and WS Development have announced plans to partner on the development of an upscale outlet center in Cheshire, Conn. The two companies will co-own the center, which is now in the pre-development stage.

Located at the I-691 and Route 10 interchange, the site features visibility and convenience.

Beachwood, Ohio — DDR Corp. has announced that it sold 14 non-prime assets in the first quarter for gross proceeds of $198 million. The company’s share of the proceeds totaled $142 million. In addition, DDR currently counts 14 non-prime operating assets valued at $97 million and $36 million of non-income producing assets currently under contract. DDR expects its share of the proceeds from these transactions to come to $103.

New York – Bergdorf Goodman is collaborating with Elad Group at the developer's newest luxury condominium project, 22 Central Park South. Under the partnership, the iconic Manhattan retailer has styled a model residence in the development with accessories, art work and bedding from its home floor.

Brussels, Belgium -- Delhaize Group has signed an agreement with Tropic Group B.V. to divest all of its 39 Bosnian & Herzegovinian stores. Tropic Group B.V. is an entrepreneurial organization founded by retail executive Bojan Risović.

The transaction is expected to complete in third quarter 2014, subject to regulatory approval and working capital adjustments. Terms were not disclosed. Delhaize originally purchased the stores from Serbian retailer Delta Maxi in 2011.

Austin, Texas -- Whole Food Market will purchase four stores from New Frontiers Natural Marketplace. The stores, which average 22,000 sq. ft., are located in Flagstaff, Prescott and Sedona, Ariz.; and San Luis Obispo, Calif. The two companies expect the transaction to be finalized in the next few weeks.

The stores will continue to operate under the New Frontiers Natural Marketplace banner until they are re-signed as Whole Foods Market stores.

Quincy, Mass. — The Grossman Cos. and Summit Development LLC have joined forces to acquire a 5,728-sq.-ft. retail building in Westport, Conn., for $2.7 million.

Located in one of Fairfield County’s most affluent towns, the building is adjacent to the Westport Metro North train station and offers easy access to an exit from Interstate 95.

Approximately 131,000 vehicles pass the building on I-95 every day, followed by another 14,000 vehicles on Route 33. Average annual household income in Westport is $170,000.

Aliso Viejo, Calif. —  AUM Hospitality has opened the second Johnny Rockets restaurant in Malaysia at Avenue K in Kuala Lumpur, a 360,000-sq.-ft. retail hub. The new Johnny Rockets is the 11th restaurant in the chain to open in Southeast Asia.

In addition to the two Malaysia, the chain operates six outlets in the Philippines and three in Indonesia.

Pacoima, Calif. — A new Vallarta Supermarket will open in Oxnard, Calif., on April 2. It will be Oxnard’s second Vallarta. The 64,000-sq.-ft. location will house a bakery, full-service meat counter, fresh produce, and a hot food deli with in-store dining.

Founded in 1985, Vallarta Supermarkets is an independent chain with 43 locations throughout California.