Convenience Stores

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.

Sandy Springs, Ga. - When Arby’s recently launched a new brisket sandwich menu item, the retailer chose PunchTab to help build a rewards campaign called “The League of Brisket.” The campaign encourages customers to join the league and complete challenges to earn free food and gear, as well as an entry for a chance to win the grand prize of pro football tickets and “the ultimate tailgate party.”

Centreville, Va. — Lotte Plaza International Grocer has leased 47,000 sq. ft. at the 200,366-sq.-ft. Centreville Square II in Centreville, Va., and plans to open next spring.

The Asian market will join Party Depot, Sleepy’s Mattress Professionals, Five Guys, Wells Fargo, Hair Cuttery and The UPS Store.

Boston – College students most frequently eat snack foods in the afternoon and are frequently replacing meals with snacks. A new study from marketing agency Fluent shows that 75% of college students replace meals with snacks and afternoon snacking is three times more popular than morning or late night snacking.

Other notable findings of the survey college students age 18-25 include:

New York -- U.S. chain-store sales posted a gain of 4.0% for the fiscal month of September on a year-over-year basis according to a tally compiled by the International Council of Shopping Centers. Excluding gasoline sales, the September tally would actually be +5.1%.

Chino Hills, Calif. — The Shoppes at Chino Hills, a 380,000-sq.-ft. community and lifestyle center in Chino Hills, Calif., has announced leases with five new retailers.

DB Shoes has opened its first Inland Empire store in a 6,100-sq.-ft. space next to Aeropostale.

Another Inland Empire first is The Kickin’ Crab, set to open in the spring of 2014.

Originally an online business, Kid’s Wonderland recently opened its first brick-and-mortar retail location at Chino Hills.

Walmart and its joint venture partner in India, Bharti Enterprises, are parting ways after six years, the companies announced.

Plans call for Walmart to acquire Bharti’s 50% stake in their joint venture begun in 2007 to operate cash and carry wholesale stores branded as Best Price Modern Wholesale. At the time, that was the only sector of retail where Indian law allowed for foreign direct investment. The first Best Price store opened in 2009 and today there are 20 units spread throughout India.