DEALS

The palace of fitness will join with a house of worship in the Phoenix area.

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.