Real Estate

Milwaukee – Roundy’s Supermarkets Inc. is closing its distribution center in Stevens Point, Minnesota. The closure, expected to take place by Sept. 30, will eliminate 196 jobs.

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.

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.).

Dublin, Calif. — dd’s DISCOUNTS, a division of Ross Stores, will open a new store in downtown Portland on June 28^th in a former Ross Dress for Less location. Counting the new location, dd’s DISCONTS will operate over 140 locations in 13 states. The retailer is on schedule to open approximately 20 locations in 2014.

Milwaukee -- The Marcus Corp. announced that Sendik’s Food Market will open a 32,000-sq.-ft. grocery store at The Corners of Brookfield, an open-air town center development in the Town of Brookfield, Wisconsin.

The Balistreri-owned and operated grocer will be located on the Bluemound Road side of the 19-acre site at the intersection of I-94, Barker Road and Bluemound Road at the main entrance to the shopping center.