Real Estate

Bedford, Ind. -- Beachwood, Ohio-based Chase Properties said it has acquired Williams Crossing in Bedford, Ind., from Horne Properties.

Williams Crossing is a 50,000-sq.-ft. shopping center that is shadow-anchored by a Super Walmart. Other tenants in the center include Dollar Tree, Maurices, Shoe Show and Hibbett Sports. Marcus & Millichap brokered the sale.
 

Chicago -- The first of Target’s smaller-format CityTarget urban stores are slated to open on July 25 in Chicago, Los Angeles and Seattle.

Two years in the making, the smaller stores will feature broad offerings in a space two-thirds the size of a regular Target store – or 80,000 sq. ft. to 100,000 sq. ft., compared with 135,000 sq. ft. to 175,000 sq. ft.

Niles, Ohio -- Youngstown, Ohio-based Cafaro Co. said that The Children’s Place will open a new store in the Dillard’s Concourse of Eastwood Mall, in Niles, Ohio.

The new store is slated to open November 2012 in more than 3,500 sq. ft. of space.  

By Eileen F. Mitchell, [email protected]

Orlando, Fla. -- Convenience-store operator WaWa has entered the Florida market, opening a store across from Sea World in Orlando. Four additional units are scheduled to open in the Orlando market during the next four five weeks.

Pleasanton, Calif. -- Safeway Inc. reported Thursday that profit for the second quarter dropped to $121.7 million from $146 million in the same period last year.

Sales inched up 1.9% to $10.4 billion, and same-store sales rose 0.8%.

For the year, Safeway said it expects to invest $900 million in capital expenditures to open approximately 10 new Lifestyle stores, complete 10 Lifestyle remodels, refurbish in-store pharmacies and develop properties through its Property Development Centers subsidiary.
 

New York -- RCS Real Estate Advisors said Tuesday it has been retained by Diamond Wireless, a mall-based retailer and one of six National Premium retailers for Verizon Wireless, to provide advice and performance analysis to the retailer in the management of its real estate portfolio.

As Diamond Wireless continues to expand nationally, RCS said it is charged with ensuring that Diamond’s current and future site selections, which include both inline stores and kiosks, deliver the highest and best value and efficiencies available in the mall marketplace today.

Bridgeview, Ill. -- Rose Paving Co. hosted an open house at its branch office in Norcross, Ga., on June 21. The event  celebrated the company's new office in Norcross and expansion in the Southeast.
 
"Rose Paving's move to Norcross is a direct result of our bold goals to revolutionize parking lot management," said C.B. Kuzlik, senior VP Rose Paving. "We are passionate about the work we do and we are determined to provide the very best service to our valued clients in Atlanta and throughout the Southeast."

New York -- Safeway’s store in Bozeman, Mont., was recently awarded LEED (Leadership in Energy & Environmental Design) Silver certification by the U.S. Green Building Council. It is the first LEED for Retail certified store in the state of Montana, and one of roughly 200 LEED-certified grocery stores in the United States.

NEW YORK — TLB Merger Sun, an affiliate of Sycamore Partners, has extended the expiration of its tender offer to acquire all of the outstanding shares of common stock, and the associated stock purchase rights, of The Talbots Inc. for $2.75 per share, net to the seller in cash, without interest, and less any applicable withholding taxes, to 5 p.m., New York City time, on Friday, July 27, unless further extended.