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VEREIT acquires Kansas center
VEREIT’s Cole Credit Property trust has acquired a thriving, value-oriented Wichita-area center. The 100,000-sq.-ft. Derby Marketplace in Derby, Kansas, features Ross Dress for Less, TJ Maxx, and Hobby Lobby. It is shadow-anchored by Target and Dillons Marketplace. Mid-America Real Estate brokered the sale in cooperation with RH Johnson on behalf of the seller, a private developer.
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Women's apparel retailer beats Street
J. Jill, which went public in March, reported earnings and sales that topped analysts estimates, but provided an outlook that slightly missed forecasts. Net income totaled $11.9 million, or 28 cents a share, in the quarter ended July 29, up from $8.1 million, or 19 cents a share, in the year-ago period. Adjusted per-share earnings came to 29 cents, in line with estimates.

