Real Estate

Miami Beach, Fla. -- Terranova Corp. and Acadia Realty Trust have reportedly agreed to sell six retail buildings on Lincoln Road in Miami for $342 million. According to the Miami Herald, the buildings were purchased for a combined $191 million in 2011 and 2012, marking a $151 million profit in a few years.

Tenants include Starbucks, Fossil, and A/X Armani Jeans. The deal is with an unnamed institutional investor and is not yet completed. It ranks as the most expensive retail real estate transaction in Miami history.

Columbus, Ohio -- DSW’s Affiliated Business Group division and Yellow Box Corporation have opened the first-ever Yellow Box Footwear store in California, at the Westfield Topanga Mall, in Canoga Park.

Founded in 1998, Yellow Box is a footwear wholesaler best known for its jeweled sandals for women. The Yellow Box retail concept made its debut in June, with a store in Miami.

Richardson, Texas -- Commercial real estate development and investment firm KDC announced that Regency Centers will build a 40,000-sq.-ft. store for Whole Foods Market in its CityLine Market development at KDC’s 186-acre mixed-use CityLine project in Richardson, Texas.

Richmond, Virginia — Divaris Real Estate announced the signing of three leases totaling approximately 14,000 sq. ft. of commercial space in Richmond, Virginia.

Dollar General renewed its lease for 8,000 sq. ft. in the Divaris-leased and –managed 360 West Shopping Center, located at 7218 Hull Street Rd.

The Dolan Company signed a lease for 3,120 sq. ft. of office space, and Liquid Glass Kustomz, automotive customizing, signed a lease for 2,856 sq. ft. of flex space in the Divaris-leased and –managed Belt Trade Center.

Rock Hill, South Carolina — Southern home furnishings retailer Home South will open a 30,000-sq.-ft. store at Rock Hill Galleria, located in Rock Hill, South Carolina. The new store is slated to open this fall.

The Rock Hill Galleria location marks the company’s second store. Its original store is situated in Charlotte, North Carolina. The company was founded in 2013 by the operators of Carolina Pottery.

Conway, Ark. -- The Central Landing retail development now underway in Conway, Arkansas, has added a well-established name as a key anchor for the development’s first phase. Will Wilson, president of Jim Wilson & Associates, LLC and the company’s partner, the Conway Development Corporation, announced the completion of a letter of intent with Dillard’s to become part of the Central Landing development.

The Arkansas-based retailer will become an anchor for the development’s first phase.

Los Angeles — CBRE Group announced that it has acquired CBRE | Louisville, a commercial real estate services firm that has served as CBRE’s affiliate in metropolitan Louisville, Kentucky and southern Indiana since 1996.

The firm has a staff of 34 and manages more than 10 million sq. ft. in the region.

Virginia Beach, Virginia — Tupelo Honey Cafe has leased 7,000 sq. ft. at Town Center of Virginia Beach, offering traditional Southern restaurant fare. This second Tupelo Honey Cafe in Virginia will be located at the corner of Constitution Drive and Main Street on the first floor of the newly constructed 4525 Main Street Tower, according to Divaris Real Estate, which leases and manages the center.