Real Estate

Fort Worth, Texas -- Trademark Property Co., the Fort Worth-based retail and mixed-use development, investment, and third-party services firm, announced that Kara Rafferty has joined the firm as director of leasing. An 18-year industry veteran, Rafferty will focus on Trademark’s leasing efforts throughout Texas.

As part of its agenda to boost liquidity ahead of the highly contested holiday shopping season, Sears Holdings plans to sell most of its 51% stake in its struggling Sears Canada division to shareholders — a move that stands to raise as much as $380 million by November.

Dublin, Calif. - Ross Dress for Less will open two new stores in Hawaii on Oct. 10. The stores are located in Kukui Grove Center in Lihue, on the island of Kauai, and the Kahala Mall in Honolulu, on the island of Oahu.  

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

 

Maplewood, Minn. -- Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of Birch Run Station in Maplewood, Minnesota. The 278,347-sq.-ft. center was purchased by Greenwood Village, Colorado-based GDA Real Estate for $27.35 million.

Birch Run Station is located at the northwest quadrant of Beam Avenue and Southlawn Drive adjacent to the Maplewood Mall. The center is anchored by Marshalls, Jo-Ann Stores, Burlington Coat Factory, Herberger’s, and Dollar Tree.

Nashville, Tenn. -- Under Armour plans to build a new one million-sq.-ft. distribution and warehouse facility in Mount Juliet, Tennessee, a suburb of Nashville. This will be Under Armour's third distribution center in the United States, with the original warehouse in the company's hometown of Baltimore, Maryland, and the other located in Rialto, California.

Purchase, N.Y. -- National Realty & Development Corp. (NRDC) is leasing 49,480-sq.-ft. of new retail tenancies at Pohatcong Plaza in Phillipsburg, N.J. Marshalls/HomeGoods and Quaker Steak and Lube have joined the 562,000-sq.-ft. center.  

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Dublin, Calif. - Ross Dress for Less will open two new stores in North Florida on Oct. 11. The stores are located in the Lakeland Park Center in Lakeland and Forest Lakes Plaza in Oldsmar.  

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.