Academy Sports & Outdoors

Dick’s Sporting Goods and Academy Sports + Outdoors have submitted letters of interest to buy some of the assets of Sports Authority Inc. that will go on the block in a bankruptcy auction, according to Reuters.

Modells Sporting Goods is also reportedly interested in some of the assets of the chain, which filed for Chapter 11 bankruptcy protection in early March.

Oklahoma City -- GBT Realty Corp. announced the acquisition of 30 acres in Oklahoma City, Oklahoma. The site was purchased in January for $2.95 million. The company broke ground on development of the first phase of the $50 million The Market at Czech Hall, a 450,000-sq. ft. regional neighborhood center last week.

Phase one includes the construction of 180,000-sq. ft. of retail, along with seven outparcels. The first tenant expected to open fall 2016.

Global investment firm KKR’s name is usually associated with large deals, but that’s not the case with it latest acquisition of a small Midwestern chain that looks a lot like Tractor Supply.

Midwest discounter Meijer tapped a former store pharmacist who worked his way up in the company as its next president.

The Grand Rapids, Michigan-based Meijer announced that Rick Keyes, who joined the company 26 years ago as a pharmacist in Columbus, Ohio, has been appointed as president. He will succeed James Kevin "J.K." Symancyk, who is leaving Meijer, effective Oct. 9, to become the CEO of Texas-based retailer Academy Sports + Outdoors.

Academy Sports and Outdoors named former Meijer president James Kevin Symancyk to the role of president and CEO in a move that suggests the retailers private equity owners could be eyeing a public stock offering.

Symancyk, 43, will assume his new responsibilities on Nov. 2, when current president and CEO Rodney Faldyn steps down after 10 years with the operator of more than 200 large format, full line sporting goods stores.

Fayetteville, N.C. -- GBT Realty Corporation announced that it has closed on The Shoppes of Fayetteville, a 15-acre site, located in Fayetteville, North Carolina, for $5 million. The 126,500-sq.-ft. center is in the midst of a $25 million redevelopment scheduled to be completed in summer 2016.

Covington, La. - Stirling Properties has completed its first retail development in Lake Charles, Louisiana. Academy Sports + Outdoors was relocated to a new location, adding an additional 22,000-sq.-ft. to the store. The new 72,000-sq.-ft. store was expanded to meet the demand of the growing Lake Charles community.

All of the land surrounding the larger Academy Sports + Outdoors is currently available for sale or lease.

Katy, Texas – Academy Sports + Outdoors is hitting a landmark in its store count.

The sporting goods chain will open its 200th store in Tupelo, Mississippi on July 3.

The Tupelo store will be approximately 63,000-sq.-ft. and will bring 100 new jobs to the area. This will be the first location in Tupelo and the fifth store in Mississippi.