Real Estate

San Antonio, Texas -- Dallas-based Venture Commercial said Tuesday it has completed seven leases in the San Antonio market for Best Buy Mobile stores. Six of the stores, ranging in size from 1,500 sq. ft. to 4,500 sq. ft., opened in 2012 and the seventh is expected to open in 2013.

Phoenix -- Cole Real Estate Investments announced it executed leases totaling 1,658,000 sq. ft. at Cole-related properties throughout 2012.  

The transactions included 390,000 sq. ft. of new leases and 1,268,000 sq. ft. of lease renewals, bringing Cole’s multi-tenant retail property occupancy rate to 97.7%.

Katy, Texas -- Houston-based Vista Equities Group said that a lineup of new retailers and restaurants will open at its mixed-use development in Katy: LaCenterra at Cinco Ranch.
 
Three new retailers opened for business in fourth quarter 2012, and six others have plans in place for first and second quarter openings this year. Lease locations include existing retail space in Phase I and in the new Phase II-A, currently under construction.
 

Birmingham, Ala. -- Bayer Properties said Tuesday that Scott Laslo has joined the company as VP asset management. 

Laslo more recently served as VP/general manager and VP for Forest City Enterprises. His asset management role at Bayer will focus on value creation and oversight of the company’s growing portfolio of over 10 million sq. ft.
 

Clarksville, Tenn. -- Youngstown, Ohio-based Cafaro Co. said that Ross Dress for Less will open a new store at Governor’s Square Mall, its first in the Clarksville, Tenn., area.

When it opens in the summer of 2013, the new store will occupy more than 31,000 sq. ft. next to Dick’s Sporting Goods.

Governor’s Square Mall comprises over one million sq. ft. of retail space and is anchored by Dillards, Belk, Sears, J.C. Penney, Dick’s Sporting Goods, Target, and Cinema Ten.

Mishawaka, Ind. -- Brixmor Property Group said that Anytime Fitness has opened a 4,200-sq.-ft. facility at Bittersweet Plaza, located in Mishawaka, Ind.

Brixmor, based in New York City, is the owner of Bittersweet Plaza.
 

St. Paul, Minn. -- Paster Enterprises announced Tuesday the hiring of Mike Sturdivant as a leasing agent for the company.

In his new role, Sturdivant will develop and launch marketing strategies for PE and prospective tenants. His duties will include working with existing tenants, being active in the brokerage community and researching industry trends.

North Plainfield, N.J. -- Levin Management Corp. said that Timothy G. DeCola has been named VP and CFO of the company, replacing the retired Harold Harris.

DeCola joins Levin from Pettinaro Construction Co., where he served as CFO. He will be responsible for all aspects of corporate finance and risk management at Levin for company-owned and managed properties as well as for real estate tax and financing reviews.

Canton, Mass. -- Dunkin’ Donuts has signed a franchise agreement with Vietnam Food and Beverage Co. Ltd. for the development of Dunkin' Donuts restaurants across the country over the next several years, with the first locations planned for the Ho Chi Minh city area.
  
“We are excited to partner with Vietnam Food and Beverage Co. Ltd., which has a deep knowledge of the Vietnamese consumer, to open the first Dunkin' Donuts restaurants in Vietnam,” said Giorgio Minardi, president, Dunkin' Brands International.”

New York City -- Saks Inc. announced Tuesday it will shutter its Saks Fifth Avenue store in the Dallas Galleria on June 15. The retailer has operated a store in Dallas since 1982, and the summer closing will leave some 120 associates with the choice of transfer or severance.

Simultaneous with the Saks departure announcement was news from department store chain Belk that it will fill the vacated Galleria space with a $20-million, 170,000-sq.-ft. flagship store that starts construction in July and is slated to open spring 2014.