PetSmart LLC

Oak Brook, Ill. -- Inland Western Retail Real Estate Trust announced Wednesday the acquisition of Sawyer Heights Village in a joint venture with RioCan Real Estate Investment Trust.

Sawyer Heights Village, a 107,626-sq.-ft. power center located just outside the central business district in Houston, was purchased for approximately $35 million. 

Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management Inc. said that Skechers recently signed a lease for 8,690 sq. ft. at Burbank Station in Chicago's west suburbs.

The new store is slated to open in the fall.

Burbank Station is a 303,566-sq.-ft. suburban retail center anchored by Food 4 Less, Sports Authority, Babies “R” Us, Office Max, PetSmart and HomeGoods.
 

Midlothian, Va. -- Bryn Mawr, Pa.-based WP Realty announced Thursday that it has acquired Chesterfield Marketplace located in Midlothian, Va.

This transaction marks WP Realty’s 10th acquisition of the year.

Chesterfield Marketplace is a one-story, 428,576-sq.-ft. community shopping center anchored by PetSmart, Staples and TJ Maxx, and shadow anchored by Home Depot and Toys “R” Us.

The portion of the center acquired, 197,942 sq. ft., is currently 54% occupied with 91,232 sq. ft. of available space.

Atlanta -- Jones Lang LaSalle said Tuesday it has been named the new leasing and/or property manager for five retail properties in Arkansas, North Carolina, New York and Ohio.

The portfolio, owned by a variety of institutional investors, includes open-air shopping centers and a single-tenant property in Manhattan.

Santa Clara, Calif. -- Nearly half (48%) of retailers do not offer product ratings or reviews on their website, according to a survey by CrossView, a provider of cross-channel commerce solutions.

Phoenix -- PetSmart reported Wednesday that net income in the first quarter rose 28% to $70.9 million, compared with $55.6 million in the year-ago period. Results beat Wall Street expectations.

Revenue increased almost 7% to $1.49 billion, from $1.40 billion in the previous year. Same-store sales rose by 5%.

PHOENIX — PetSmart has reported earnings of 61 cents per share, up 33% compared with 46 cents per share in the first quarter of 2010. Net income totaled $71 million in the first quarter of 2011, compared with $56 million in the first quarter of 2010.

Total sales for the first quarter of 2011 increased 6.8% to $1.5 billion. The increase in net sales was partially impacted by $4 million in favorable foreign currency fluctuations, the company reported. Comparable-store sales grew 5%, benefitting from comparable transactions growth of 2.7%. 

Newport Beach, Calif. -- Grubb & Ellis Co. said that Cole Real Estate Investments has selected members of the company’s Retail Group to lease Whittwood Town Center, a 686,211-sq.-ft. shopping center in Whittier, Calif.

Whittwood Town Center is approximately 97% leased, with national tenants including J.C. Penney, Target, Vons, Kohl’s, PetSmart, 24 Hour Fitness and Panera Bread.