Retail

Total U.S. Shopper Traffic in Retail Stores and Malls for June 2013

Shopper activity slightly decreased last month, thus returning to seasonal standards after May holidays. Retail foot traffic decreased 1.3% in June compared to May 2013, a slight departure from recently reported positive month-over-month retail trends. However, foot traffic for June 2013 was relatively flat compared to the same month in 2012 — with an increase of 0.3%.

Houston -- CBRE’s national retail investment group has arranged the sale of Sheldon Forest Shopping Center in Channelview, Texas, east of Houston, on behalf of Weingarten Realty Investors.

Gerland’s Food Fair anchors the 97,380-sq.-ft. center. Major tenants include Family Dollar and Burke’s Outlet. Both Phase I and II of the center are 100% occupied.

Capcor Partners purchased the property for an undisclosed price.

CINCINNATI, Ohio — AutoZone, a leading retailer and distributor of automotive parts and accessories, is expanding its partnership with KSS Retail, a Dunnhumby company, so the company can improve its price and promotion strategies.

Nashville, Tenn. -- Bridgestone Americas Tire Operations said that Stuart Crum has been named president, Bridgestone Retail Operations, effective Aug. 5.
 
Crum most recently served as president of Jiffy Lube International, a subsidiary of Shell Oil Co.

Boston -- Bonefish Grill has signed up for 4,614 sq. ft. at the Wayside Shopping Center in Burlington, Mass., the retailer’s first Massachusetts location, according to The Wilder Cos., Wayside’s leasing, management and development firm.

Part of the multi-phase revitalization of the open-air center, Bonefish anticipates opening in late fall of this year.

Cincinnati, Ohio -- Kimco Realty has sold Colerain Towne Centre, a 400,000-sq.-ft. Cincinnati power center, for $30 million, according to Mid-America Real Estate Corp.’s investment sales group, which represented Kimco in the transaction in cooperation with Anchor Associates. The buyer is a private real estate company.

Los Angeles -- Arden Group, owner of the 16-unit Gelson’s Market grocery chain, said that the company is exploring its strategic options and has hired financial adviser Moelis & Co. to help with the review process.

The options may include a possible sale of the company.

No timeline for any potential transactions has been outlined.

New York -- Saint Petersburg Global Trade House, the oldest Russian book, music video, toy and souvenir retailer in the United States, has signed a lease for its first Manhattan location — in the NoMad neighborhood, according to Winick Realty Group, which represented the retailer.

The 10-year lease includes a 1,051-sq.-ft. ground floor and a 653-sp.-ft. mezzanine. The landlord, an entity owned and managed under a partnership controlled by The Feil Organization, was represented in-house.