Real Estate

Cincinnati -- Phillips Edison-ARC Grocery Center REIT II, Inc. has acquired two grocery-anchored shopping centers, Northpark Village and Spring Cypress Village, both located in Texas.

Northpark Village is a 70,479-sq.-ft. grocery-anchored shopping center in Lubbock, anchored by United Supermarkets and tenanted by GNC, Starbucks, Super Tan and Sun Loan Company.

Spring Cypress Village is a 97,550-sq.-ft. grocery-anchored center in Houston, anchored by Sprouts and tenanted by Burger King, State Farm Insurance and Spec's.

Bedminster, N.J. -- Dental practice Brighter Dental Care has leased 2,600 sq. ft. of the second floor at The Hills Village Center in Bedminster, New Jersey, according to Levin Management, exclusive leasing and managing agent for the 110,800-sq.-ft. center.

Target’s expansion of its troubled Canadian division remains on track as new chairman and CEO Brian Cornell prepares to assume leadership of the company in August.
 
The new stores are located at Erin Mills Town Centre in Mississauga, Ontario; Park Place in Barrie, Ontario and Carrefour Candiac in Candiac, Quebec. The Barrie and Candiac locations are new buildings. Earlier this year, Target opened three locations in Canada, and has plans to open three more later this fall, bringing this year’s total to nine and overall total to 130.

Madison, Wisconsin -- Hilldale, a 675,000-sq.-ft. center in Madison, Wisconsin, is preparing to launch a major redevelopment that will add 53,000 sq. ft. of new retail and restaurant space built in an outdoor streetscape. As part of the redevelopment, Kate Spade New York, Lucky Brand, Michael Kors and Sperry Top-Sider will join the existing roster of national and local retailers, restaurants and specialty boutiques. The center is owned and operated by WS Development, Chestnut Hill, Massachusetts.

Mississauga, Canada – Target opens three new stores in Canada Aug. 1 and plans three more new Canadian stores later in the fall. The stores are located at Erin Mills Town Centre in Mississauga, Ontario; Park Place in Barrie, Ontario and Carrefour Candiac in Candiac, Quebec.

New York -- A report by Bloomberg said that investor BlueCrest Capital Management is urging RadioShack to repay the lenders that are blocking plans to shutter stores.

The electronics retailer announced last March that it would close 1,100 stores; it later reduced the number of closures to 200 per year for three years after negotiations with lenders failed.

BlueCrest said it supported the company's decision to shut stores to stem losses and was willing to provide financing, Bloomberg said.
 

Rosemont, Ill. - Horizon Group Properties Inc. and CBL & Associates Properties Inc. have opened The Outlet Shoppes of the Bluegrass, which opened fully leased with 90 stores and eateries. The Outlet Shoppes of the Bluegrass is the only outlet center in the state and is located between Louisville and Lexington on Interstate 64.