Real Estate

Raymore, Mo. — Sam’s Club has opened its newest club in Raymore, Mo. Relocated from Grandview, the new 136,000-sq.-ft. warehouse club will anchor the Raymore Galleria.

The new club will feature a Fresh Bakery, Tire and Battery Center, Optical Center, Pharmacy, Hearing Aid Center, Café and Fuel Station.

Canton, Mass. – Dunkin’ Donuts has signed a multi-unit store development agreement with new franchise group, HT2 Franchising, LLC, to develop nine new restaurants throughout Reno, Nev. The first restaurant is expected to open in 2015 and the remainder by 2020.

With this agreement, Dunkin' Donuts franchise opportunities are sold out in Reno, but opportunities exist to grow the brand throughout the West in Colorado and California.

Hoffman Estates, Ill. – As part of a wide-ranging strategic review of its business, Sears Holdings Corp. is considering spinning off its Lands’ End and Sears Auto Center brands. The company’s Sears Canada subsidiary has also sold five Canadian store leases to Cadillac Fairview Corporation Limited for about $383.4 million.

Washington, D.C. — Divaris Real Estate has announced that Goodwill has signed a 6,954-sq. ft. lease at Divaris-leased Maddex Square Shopping Center in Shepherdstown, W. Va.

Divaris represented the landlord in the lease negotiations. Food Lion and McDonalds anchor Maddex Square.

 

Denver — Transwestern’s Denver office has announced that it brokered the acquisition by Nursery Acres L.P. of a 75,330-sq.-ft. Cabela’s retail store in Grand Junction, Colo. Built in 1983, the store sits on a 6.76-acre lot at Mesa Mall.

Transwestern represented the buyer, Nursery Acres, which purchased the building to complete a 1031 exchange. The company plans to keep the property long-term. Faris Lee represented the seller, Macerich Mesa Mall Holdings LLC.

Peoria, Ill. — Cullinan Properties has appointed Robey R. Taylor as property manager at the Streets of St. Charles in St. Charles, Mo.

Taylor brings 20 years of experience in property management — both in retail and office — in the St. Louis market to the post.

Pittsburgh — Golf Galaxy has announced the opening of two interactive retail locations. The new stores include the second Golf Galaxy in Missouri and the chain’s second location in Nevada.

A 32,000-sq.-ft. interactive store will open November 1 at the Chesterfield Commons in Chesterfield, Mo.

A 29,000-sq.-ft. interactive Golf Galaxy will open Nov. 1 in the Stephanie Street Power Center in Henderson, Nev.

As of Aug. 3, the retailer operated 81 Golf Galaxy stores in 30 states and e-commerce websites.

Amazon.com is finalizing plans to open a new 1.2 million-sq.-ft. fulfillment center in Moreno Valley, Calif., which will create more than 1,000 full-time jobs ahead of the holiday shopping season.

This will be Amazon’s fourth fulfillment center in the state. The company’s other sites are located in Patterson, San Bernardino and Tracy.

RadioShack is taking its new concept store to Philadelphia, Detroit and Fort Worth, but the specialty retailer is going retro for its hometown location in downtown Fort Worth’s Sundance Square.

The Philly location can be found in Bakers Square Shopping Center at 2920 Roberts Ave., and the Detroit location in Gateway Marketplace at 1347 W. Eight Mile. And set to open Oct. 30, the Fort Worth location will be the first new concept store to feature a custom design.

Sears Holdings is considering spinning off its Lands’ End and Sears Auto Center brands as part of a wide-ranging strategic review of its business. The company’s Sears Canada subsidiary has also sold five Canadian store leases to Cadillac Fairview Corporation Limited for about $383.4 million.