Accessories

Snellville, Ga. — Sprouts Farmers Market has signed a lease to occupy 26,000 sq. ft. in The Shoppes at Webb Gin in Snellville, Ga., an affluent suburb of Atlanta. This will be among the first Sprouts locations east of the Mississippi. Construction has begun on the store, which is slated to open this summer.

New York — O’Connor Capital Partners has acquired 150 and 151 Worth Avenue, a 142,000-sq.-ft. luxury shopping center in Palm Beach, Fla. O’Connor made the acquisition on behalf of an institutional client.

The Goodman Company developed the center from 1978 to 2001. Saks Fifth Avenue and Neiman Marcus anchor the center, which is also home to Gucci, Louis Vuitton, Tory Burch and Pucci as well as several other national and local tenants.

Seattle — Nordstrom plans to open a 35,000-sq.-ft. Nordstrom Rack at The Greene Town Center in Dayton, Ohio, in the fall of 2014. Olshan Properties, formerly known as MPI, Mall Properties, Inc., manages The Greene Town Center.

Nordstrom Rack has four other locations in Ohio, two of which opened this past fall in Columbus and Westlake. Another Rack location is set to open at Sun Center in Columbus this spring. Nordstrom operates three full-line stores in Ohio.

Secaucus, N.J. – The Children’s Place Retail Stores has expanded its existing franchise agreement with Fawaz A. AlHokair & Co. SJSC covering retail stores in Saudi Arabia, to include opening a total of approximately 25 stores in Egypt and the Commonwealth of Independent States (C.I.S. Region) of Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan, beginning in mid-2014.

New York — Alfred Marshall, who founded the Marshalls chain in the mid-1950s with the motto “Brand Names for Less,” died on Saturaday in Boca Raton, Fla. He was 94.

In 1976, Marshall and his partners sold the company, which consisted of 36 stores in New England and California, to the Melville Corporation. IN 1995, TJX bought Marshalls, by which time it had grown to nearly 500 locations.

North Olmsted, Ohio — Marcus & Millichap Real Estate Investment Services has arranged the sale of North Olmsted Towne Center, a 95,446-sq.-ft. shopping center in North Olmsted, Ohio, approximately 17 miles southwest of Cleveland. The selling price was $17.79 million, $186 per square foot.

Towne Center tenants include David’s Bridal, The Tile Shop, Jimmy John’s, La-Z-Boy, Men’s Wearhouse, Moe’s Southwest Grill, Party City and Pearle Vision.

Alameda, Calif. — Carter’s, a children’s clothing and accessories retailer, has signed a 10-year lease for a 4,178-sq.-ft. store at Alameda South Shore Center in Alameda, Calif., according to Jamestown, a real estate investment and management firm.

The new store, located close to Kohl’s, is scheduled to open in the first quarter of 2014. SRS Real Estate Partners represented Carter’s in the transaction.

The Jones Group has accepted a buyout offer of $15 per share in cash, or a total of approximately $1.2 billion, from private equity firm Sycamore Partners. Upon completion of the deal, Jones, whose brands include Nine West, Anne Klein and Easy Spirit, will become a privately held company.