Old Navy, LLC

Dallas -- The Retail Connection and North American Development Group announced the purchase of Towne Centre Plaza, a 94,109-sq.-ft. property located across from Town East Mall in Mesquite, Texas. 

The shopping center was built in 2002 on 8.8 acres and features Bed Bath & Beyond and Best Buy as tenants. The Retail Connection is currently in negotiations for the 23,000-sq.-ft. vacancy in the center with a national tenant, which, when leased will bring the center back to 100% occupancy.

Indianapolis -- Kite Realty Group announced that Subway has leased 1,600 sq. ft. at Traders Point II, located in Indianapolis.

Traders Point is a 395,435-sq.-ft. shopping center anchored by Bed Bath & Beyond, Books-A-Million, Dick’s Sporting Goods, Marsh Supermarket, Michael’s, Old Navy, PetSmart and AMC Theatre.

Alameda, Calif. -- Jamestown announced that DB Shoes and Bright Now! Dental have signed new leases at Alameda South Shore Center, a 594,000-sq.-ft., open-air retail center located in the East Bay community of Alameda, Calif.

DB Shoes has leased a 10,635-sq.-ft. retail space along the Park Street corridor. The new location is scheduled to open in April 2012.

Additionally, Bright Now! Dental, part of Smile Brands Inc., secured a 10-year, 3,805-sq.-ft. lease. The office is scheduled to open in May 2012.

Cincinnati -- Mid-America Real Estate Corp.’s Investments Sales Group announced the recent sale of Stone Creek Towne Center located in Cincinnati.

The property was purchased by Oakbrook, Ill.-based Inland Real Estate for $36 million from a joint venture between Brandicorp and Trinity Development Co.

Retailers across the board saw increased sales in February, thanks to unseasonably warm weather and increased consumer confidence that got shoppers out of their house and into the stores.

In a month that was solid overall, the discount sector showed its muscle, turning in a strong February same-store sales performance nearly across the board.

New York -- Most apparel retailers topped Wall Street estimates in February, as rising temperatures boosted sales, while increased consumer confidence and Valentine’s Day also helped boost spending, according to the Thomson Reuters Same Store Sales Index.

SAN FRANCISCO — Gap Inc.'s fourth-quarter net income plummeted 40% on higher costs and aggressive discounting during the holiday selling season.

The company reported that net income for the quarter ended Jan. 28 was $218 million, compared with $365 million a year earlier. Sales dipped to $4.28 billion in the quarter, from $4.36 billion, matching Wall Street estimates.

Phoenix -- Cole Real Estate Investments announced that it signed leases totaling nearly 640,000 sq. ft. at Cole-related retail properties during 2011.

Cole secured approximately 308,000 sq. ft. of new leases, along with 330,000 sq. ft. of renewals, bringing the occupancy rate for its portfolio of properties to 97.8%.