Real Estate

Washington, D.C. — Divaris Real Estate has announced that Goodwill has signed a 6,954-sq. ft. lease at Divaris-leased Maddex Square Shopping Center in Shepherdstown, W. Va.

Divaris represented the landlord in the lease negotiations. Food Lion and McDonalds anchor Maddex Square.

 

Sears Holdings is considering spinning off its Lands’ End and Sears Auto Center brands as part of a wide-ranging strategic review of its business. The company’s Sears Canada subsidiary has also sold five Canadian store leases to Cadillac Fairview Corporation Limited for about $383.4 million.

Denver — Transwestern’s Denver office has announced that it brokered the acquisition by Nursery Acres L.P. of a 75,330-sq.-ft. Cabela’s retail store in Grand Junction, Colo. Built in 1983, the store sits on a 6.76-acre lot at Mesa Mall.

Transwestern represented the buyer, Nursery Acres, which purchased the building to complete a 1031 exchange. The company plans to keep the property long-term. Faris Lee represented the seller, Macerich Mesa Mall Holdings LLC.

Canton, Mass. – Dunkin’ Donuts has signed a multi-unit store development agreement with new franchise group, HT2 Franchising, LLC, to develop nine new restaurants throughout Reno, Nev. The first restaurant is expected to open in 2015 and the remainder by 2020.

With this agreement, Dunkin' Donuts franchise opportunities are sold out in Reno, but opportunities exist to grow the brand throughout the West in Colorado and California.

Amazon.com is finalizing plans to open a new 1.2 million-sq.-ft. fulfillment center in Moreno Valley, Calif., which will create more than 1,000 full-time jobs ahead of the holiday shopping season.

This will be Amazon’s fourth fulfillment center in the state. The company’s other sites are located in Patterson, San Bernardino and Tracy.

Peoria, Ill. — Cullinan Properties has appointed Robey R. Taylor as property manager at the Streets of St. Charles in St. Charles, Mo.

Taylor brings 20 years of experience in property management — both in retail and office — in the St. Louis market to the post.

Hoffman Estates, Ill. – As part of a wide-ranging strategic review of its business, Sears Holdings Corp. is considering spinning off its Lands’ End and Sears Auto Center brands. The company’s Sears Canada subsidiary has also sold five Canadian store leases to Cadillac Fairview Corporation Limited for about $383.4 million.

Regional department store retailer Von Maur isn’t so regional anymore following the opening of its first store in New York.