Real Estate

Ikea wants to expand the warehouse of its Detroit-area store in Canton, Mich. As a result, Ikea Canton, which opened June 2006 at 311,000 sq. ft., would grow to approximately 355,000 sq. ft. Initial utility work would begin this summer with actual construction starting in autumn. The store would remain open and operational during construction, maintaining its full product offering throughout the project’s completion in spring 2015.

Cincinnati — Phillips Edison-ARC Grocery Center REIT II has acquired its first grocery-anchored shopping center — the 81,674-sq.-ft. Bethany Village in Alpharetta, Ga., an affluent suburb of Atlanta.

A 51,674-sq.-ft. Publix anchors the center. Publix is the number one grocer by market share in the Atlanta metropolitan statistical area. Other national tenants at Bethany Village include Marco’s Pizza, Subway and Workout Anytime.

Dallas — SRS real Estate Partners has appointed Adam Baxter as first VP in the Birmingham office. He will focus on tenant and landlord representation in the Birmingham market.

Dallas — CBRE’s Private Capital Group has announced the sale of Josey Rosemeade Shopping Center, an unanchored strip center in Carrollton, Texas.

Located just northwest of the Dallas/Fort Worth metro area in an affluent, densely populated area, the 14,500-sq.-ft. center received more than 20 offers.

Academy Sports + Outdoors is carrying on with its Midwestern expansion and plans to open four new stores across Indiana and Kentucky later this fall.

The first two locations — Evansville, Ind., and Owensboro, Ky., will mark Academy's entry into both states followed by the opening of stores in Louisville and Middletown, Ky., prior to the holidays. In total, the four stores will generate approximately 575 jobs.

Bloomington, Minn. -- Mall of America has launched a $325 million expansion project in cooperation with Mortenson, a U.S.-based construction and development services company, Hotel Development LLC, an enterprise of the Shakopee Mdewakanton Sioux Community, and the city of Bloomington, Minn.

Tejon Ranch, Calif. — Slated to open in August, The Outlets at Tejon has announced the appointment of Brian P. Hassett as the new center’s general manager. Hassett brings more than 25 years of experience in the retail industry — more than 10 of them focused on outlet retail — to the post.

New York — Winick Realty Group has announced two lease transactions that will relocate two long-time tenants in Manhattan’s Garment Center.

Twenty-year-old Chinese contemporary sportswear designer Jsong International signed a lease for 1,900 sq. ft. at 149B West 36th Street, between Broadway and Seventh Avenue. The brand, which had previously operated a showroom at nearby 499 Broadway, moved to introduce a retail component to its business.