Real Estate

Oakbrook Terrace, Ill. -- Mid-America Asset Management Inc. has announced three new retail leases on behalf of two shopping centers in Chicago’s southwest suburbs.     

Flexeon Rehabilitation signed a lease for 2,923 sq. ft. at Hillcrest Shopping Center in Crest Hill, Illinois. The 240,268-sq.-ft. center is anchored by TJ Maxx, Food 4 Less, Citi Trends, and Harbor Freight Tools.

Walmart is enhancing its perishable supply chain in the upper Midwest with a new distribution center in Mankato, Minn., slated to open in early 2015.

The retailer broke ground late last month on the 420,000-sq.-ft. facility located a little more than an hour southwest of Minneapolis. Once open in the Spring of 2015 the DC will serve stores in Minnesota and neighboring states of Iowa, North Dakota, South Dakota and Wisconsin.

NEW YORK — Hornig Capital Partners, a privately held New York City-based investment company, has combined in a joint venture with Hutensky Capital Partners of Hartford, Conn. to acquire the Golden Gate Shopping Center in Mayfield Heights, Ohio, in the greater Cleveland region. The joint venture purchased the property from Forest City Enterprises for $47,050,000, together with B&D Holdings, making it one of the largest single asset retail deals in the region during the past 24 months.

Patchogue, N.Y. -- A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

The 23,000-sq.-ft. space at 35-71 South Ocean Ave. will feature sushi restaurant 360 Taiko Sushi & Lounge (4,900 sq. ft.) and apparel retailer Jeans Fashion (2,500 sq. ft.).

Conshohocken, Pa. – Ikea has plugged-in an expansion of the solar array completed in April 2013 on the roof of its 1.7 million-sq.-ft. Perryville, Maryland, distribution center. Installation of the new panels began in fall 2013, and since then have nearly doubled the size of the original project.

Seattle -- REI will set up shop in two new locations next spring. The national outdoor retailer will open in Princeton, New Jersey. REI is also extending its presence in the Atlanta area, with a 24,000-sq.-ft. store in Alpharetta, Georgia.

REI’s 23,000-sq.-ft. store in Princeton will be located at Mercer Mall.

Cupertino, Calif. – Apple Inc. is planning to open six new stores in China, judging by advertisements for store managers the company has posted on its Chinese website, Bloomberg reported. The company is seeking store managers for units the Chinese cities of Tianjin, Chongqing, Wuxi, Zhengzhou, Shenyang, and Hangzhou, none of which currently has an Apple-owned retail outlet.