DEALS

Transwestern announced it had closed the sale of the Marketplace of Port St. Lucie on behalf of the seller for $5.78 million.

A TJ Maxx-anchored center in Brookfield, Wis., was acquired by Newport Capital Partners. Sale price of the 137,816-sq.-ft. property was not disclosed.

CBL announced it had closed on $1.18 billion in financing that will allow it to avoid debt maturities coming due soon and focus its resources on renovating its portfolio of 62-plus malls.

A restaurant franchisee has expanded its portfolio with a new purchase.

A shopping village in Southern Nashville, Tenn., has a new owner.

Michael’s has signed a lease for 25,000 sq. ft. at Moorestown Mall to complete the re-tenanting of the vacated Macy’s box at the New Jersey center.

Phillips Edison Grocery Center REIT III, a joint venture of Phillips Edison and Griffin Capital, has acquired its first property this year, giving it six in its portfolio.

Ocean State Job Lot has purchased six former Toys “R” Us locations and has agreed to a long-term lease at a seventh in New York, New Hampshire, Massachusetts, and Pennsylvania--a new market for the discounter.