DEALS

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DEALS

News and analysis on buying and selling real estate for new retail centers.

Best Buy store

Brixmor sells center for $23 million in ‘hot’ Jacksonville market

The Jacksonville market is “on fire” according to JLL senior managing director Brad Peterson.

Pinstripes

Simon invests in high-end bowling and dining concept

Pinstripes, a 30,000-sq.-ft. entertainment concept that offers bowling, bocce, and fine Italian dining in a spacious two-level environment has an important new investor.

Traditional tenants in retail centers once scoffed at having gyms in their midst for all the parking spaces they took up. No more.

McAlister’s Deli

McAlister’s Deli will see franchise growth in Florida, Louisiana, and Texas.

Brookstone

Hudson Group will take over all Brookstone brand operations in U.S. airports.

Allsup’s Convenience Store

Convenience store retailer Yesway is gaining more than 300 new stores in a single transaction.

Couple grocery shopping

Amazon is reportedly preparing to open more than 12 grocery stores in greater Los Angeles.

Pep Boys

Pep Boys is opening new stores on both coasts.

Orchards Market Center

New York-based Time Equities, Inc. has acquired Orchards Market Center in Vancouver, Wash., its seventh property in the region.  

California-based NewMark Merrill Companies has purchased its third center in Illinois, the 159,000-sq.-ft. Stony Island Plaza in Chicago.

One of Cincinnati’s most fashionable Hyde Park Square retail spaces has been acquired.

The owner of Mall of America put up the Bloomington, Minn., mega-mall as collateral for a construction loan for the American Dream complex set to open this fall in the New Jersey Meadowlands, according to a report in the Minneapolis Star-Tribune.

DLC Management, a leading owner and operator of open-air shopping centers, has purchased two centers in Frederick, Md., a town situated within 40 miles of both Baltimore and Washington, D.C.

For longtime Dade County retail player Berkowitz Development, the show goes on at its Kendall Village Center at the intersection of Florida’s Turnpike and Kendall Drive in Miami.

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