Convenience Stores

Los Angeles — CBRE’s national retail investment group has arranged the sale of Oak Grove Plaza, a 120,491-sq.-ft. retail center anchored by Kroger Signature, to Chicago-based LaSalle Investment Management.

CBRE marketed the property, which is located in the Dallas suburb of Sachse, Texas, on behalf of Invesco Advisers.

The retail and consumer packaged goods industry fared poorly in a recent global ranking of corporate sustainability leaders with the handful of standouts being Coca-Cola, Johnson & Johnson, Staples and Campbell Soup Company.

The ranking of 100 companies compiled by Corporate Knights, a media, research and investment advisory company, included only17 U.S. companies and only two retailers. Sweden’s H&M was ranked 64th and Staples was ranked 72nd.

Hackensack, N.J. — Alfred Sanzari Enterprises has appointed The Greco Realty Group exclusive leasing agent for Summit Plaza in Hackensack, N.J.

A recently expanded 62,000-sq.-ft. Super Stop & Shop anchors the 100,000-sq.-ft. Summit Plaza. Service and retail tenants include Harmon Cosmetics, GNC, Payless ShoeSource, RadioShack, Dress Barn, the UPS Store, GameStop and Blimpie plus the typical neighborhood services such as a nail salon, dry cleaner and a pizzeria.

Philadelphia – Aramark has unveiled plans for Denali Park Village, a new lodging experience in Anchorage, Alaska, that will include an open market. The company is transforming and re-branding two adjacent properties it owns, McKinley Village Lodge and Denali River Cabins & Cedar Lodge, with a projected May 2014 opening.

Irvine, Calif. — Hanley Investment Group Real Estate Advisors closed out 2013 with 10 retail property sales totaling nearly $61 million in December. For the year, Hanley logged sales of more than $315 million. Among the December sales were:

Bentonville, Ark. – Major U.S. retailers including Wal-Mart Stores and Kroger reportedly already have hardware to read PIN-and-chip payment cards, which are more resilient against data breaches than the magnetic stripe payment cards commonly used by American consumers. However, according to the Dallas Morning News, the hardware is largely unusable because customers do not have PIN-and-chip cards.

Dallas-Fort Worth, Texas — The Woodmont Company plans to break ground in February on a new building at its Streetsboro Commons development in Streetsboro, Ohio. The new building, located on a pad, is already about 80% pre-leased to three national tenants: Starbucks, Jimmy John’s and Midwest Mobility Services/AT&T dealer.

By Stacy Adams, VP marketing, mBlox