Retail

Framingham, Mass. -- Staples announced a new price match policy that the company said ensures customers pay the lowest price – both in stores and online. Staples said it will price match items sold and shipped by Amazon.com or any retailer who sells products in both retail stores and online under the same brand.

Seattle – Starbucks is opening a new Evolution Fresh juicery in Rancho Cucamonga, Calif., that the retailer says will quadruple its production of cold-pressed, never-heated juice. The $70 million, 264,000-sq.-ft. facility features advanced technology such as High Pressure Processing (HPP) machines.

Retail Process Engineering, an innovative retail merchandising and supply chain solutions provider, has appointed Tom DiPinto as an account executive. 

DiPinto has more than 20 years of experience in enterprise class software solutions with deep experience in retail, project management and systems implementation. He will be responsible for identifying new clients and working with existing clients to align software solutions with business objectives to improve processes, grow the business and save money. 

Atlanta — Kimco Realty Corporation has acquired Five Forks Crossing, a 73,910-sq.-ft. grocery-anchored retail center in Lilburn, Ga., according to Transwestern, the firm that brokered the transaction.

Five Forks Crossing occupies 6.6 acres in Lilburn in the Gwinnett County submarket near Ronald Reagan Parkway. Anchored by Kroger, the property is 100% leased.

Transwestern represented the seller, SWA Investment.

New York -- Whole Foods Market has signed a lease for a 29,000-sq-ft. store in Newark, N.J., according to the Newark Star-Ledger.

The store is expected to be an anchor tenant in a 112-year-old landmark building that was once occupied by the Hahne & Co. department store. The building is being converted into a multi-use space that will feature apartments, retail and office space.
The project is a joint partnership between the Newark-based Hanini Group and L&M Development Partners of New York.

New York -- Wal-Mart Stores has put its ambitious expansion plans in India on hold indefinitely. The discounter and its joint venture partner in India, Bharti Enterprises, are parting ways after six years, the companies announced.

The Men’s Wearhouse has appointed Vitamin Shoppe director B. Michael Becker to its board of directors. 

Becker has served as a director at Vitamin Shoppe since January 2008 and is chairman of its audit committee. He spent his career as an audit partner for Ernst & Young LLP from 1979 until his retirement in 2006. He was a senior consultant on airline risks to Pay Pal from August 2008 to November 2009.

Chicago — Jones Lang LaSalle’s Capital Markets team has announced the completion of a sale-leaseback transaction for a portion of Walgreens Corporate Campus in Deerfield, Ill.

Realty Income purchased the 38-acre property with six buildings spanning 574,605-sq.-ft. and secured a long-term lease from Walgreens. The terms have gone undisclosed.