Real Estate

Fairlawn, Ohio -- Charter Realty & Development announced it has arranged -- in conjunction with Julius Feinblum Real Estate -- for a 27,587-sq.-ft. lease for Ashley Furniture and an 11,284-sq.-ft. lease for Pet Supplies Plus in the Fairlawn Town Centre in Fairlawn, Ohio.

The shopping center is anchored by Target, Home Goods, Giant Eagle, Marc’s and USPS.

San Francisco -- Real estate investment and management firm Jamestown said Wednesday it has acquired 799 Market Street, a 142,902-sq.-ft. mixed-use development in downtown San Francisco.

The eight-story urban retail and office building includes five floors of creative office space atop 55,000 sq. ft. of retail, currently 100% occupied by a Ross Dress for Less flagship store, one of the five highest performing Ross stores in the nation.

St. Petersburg, Fla. -- The Prudential Douglas Elliman retail team of Faith Hope Consolo and Joseph Aquino said Wednesday they will serve as consultants to the redevelopment of Baywalk Midcore Shopping Center into The Shops at St. Pete, a mixed-use property in St. Petersburg, Fla.

Brentwood, Calif. -- RED Legacy and a fund managed by DRA Advisors have acquired The Streets of Brentwood, a 350,000-sq.-ft. lifestyle center on 60 acres in the Greater San Francisco Bay Area.

Tenants include a 14-screen Rave Imax Brentwood 14+ImaxTheater, DSW, REI, Loft, Banana Republic, Victoria’s Secret, BJ’s Restaurant & Brewhouse, Ulta and more. In addition, Charming Charlie will open a 7,500-sq.-ft. store in November.

Oak Brook, Ill. -- Inland Diversified Real Estate Trust announced the acquisition of six triple-net leased grocery properties in two separate portfolio acquisitions, with a total combined purchase price of approximately $71.4 million.

The acquisitions include three grocery stores in Missouri that are fully leased to Schnuck Markets, purchased for approximately $22.6 million in a sale-leaseback transaction. Additionally, three Pathmark grocery stores located in Delaware, Pennsylvania and New York were acquired for approximately $48.8 million.

Tucson, Ariz. -- Commercial Retail Advisors said that La Mia Toscana Italian Restaurant has signed a lease for a 3,210-sq.-ft. restaurant in the Cottonwood Plaza Shopping Center in, Tucson, Ariz.

La Mia Toscana is expected to open in first quarter 2013.

Houston -- Starbucks Coffee Co. founder and CEO Howard Schultz said his company plans to add 1,000 stores in the U.S. in the next five years, according to a Bloomberg report.

San Francisco -- Uniqlo will open its first store on the West Coast, in San Francisco, on Oct. 5.

In case you missed it, Retailing Today published its annual Insights 2013 issue recently and while Target is currently the nation’s sixth largest retailer that position is likely to change in 2013.

It is conceivable Target could become the nation’s fourth largest retailer by this time next year, overtaking both Home Depot and Walgreens.

SAN FRANCISCO — Fast Retailing will open its first West Coast Uniqlo flagship store in the Union Square neighborhood of San Francisco.