Real Estate

The Italian luxury brand Fendi gets social in Manhattan’s SoHo neighborhood, opening a pop-up whose brick walls are adorned with neon hash tag signs.   

The 630-sq.-ft. shop, dubbed #fendisoho, combines sophisticated touches — leather and velvet — with a playful, arcade-themed décor that includes custom vending machines, where products dangle from mechanical claws.   

New York -- Toms, the footwear company best known for donating a pair of shoes to a child in need for every pair it sells, has sold a 50% stake in its company to private equity giant Bain Capital LLC. The investment will help Toms expand its distribution in Europe, Asia and in the United States, including increasing its store count from its current two locations.

The investment reportedly values Toms at about $625 million, including debt. Blake Mycoskie, who founded Toms in 2006, will retain a 50% stake and remain at the helm.

New York -- Saks Fifth Avenue will open a three-level, 107,000-sq.-ft. store in Brickell City Centre, Miami.

The store, scheduled to open in fall 2016, will help anchor the mixed-use development, which is currently under construction. The project includes residential, office and hotel space, along with a 565,000-sq.-ft. shopping center.

Jackson, Tenn. -- Transwestern announced that it brokered the disposition of Lynnwood Place, a 96,666-sq.-ft. shopping center in Jackson, Tennessee. The seller was Columbia, South Carolina-based Edens, and the buyer of the Kroger-anchored retail center was Phillips Edison & Company.

Completed in 1986, Lynnwood Place encompasses 11.73 acres and is 89% eased to retailers including Kroger, Charter Communications Inc., Cato Fashions and Youfit Health Clubs.

Tampa, Fla. -- RMC Property Group announced that Nicholas Roth has joined the company as VP leasing.  

Roth joins RMC from Sandor in Indianapolis, where he was its U.S director of leasing. Roth also worked previously in landlord representation as director of leasing/Florida with Edens & Avant and as senior VP leasing/Florida with Equity One.

By Michael Hirschfeld, senior VP of JLL’s National Retail Tenant Services

Seattle -- Seattle-based architecture and design firm Callison said it will be acquired by Arcadis, a global design consultancy firm based in the Netherlands.

The transaction is slated to be completed in the third quarter of 2014. Arcadis also owns architectural design firm RTKL, built asset consultancy firm EC Harris, and Asian construction program planning and value management consultancy Langdon & Seah.

New York -- Dollar Tree Inc. reported that net income in the second quarter dipped 2.6% to $121.5 million, from $124.7 million a year earlier, amid higher freight costs and investments in higher-value products.

Revenue rose 9.5% to $2.03 billion, and same-store sales increased 4.5%, beating Wall Street estimates of a 2.5% rise. It was the chain’s26th consecutive quarter of positive comparable store sales growth.