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Grossman Development Group begins site work for Granite Ridge Marketplace
Boston -- Grossman Development Group (GDG), a boutique real estate development firm led by Howard Grossman, announced that it has begun site work for the 330,000-sq.-ft. Granite Ridge Marketplace, a 57-acre shopping center development located in Rochester, N.H.
The development, which boasts a trade area of 198,000 people, will feature a mix of anchor retail, junior anchor retail, small stores, restaurants and entertainment. It is located on Route 11, the gateway to the Lakes Region of New Hampshire and close to the Maine border. -
Sears Hometown and Outlet Stores spin-off to trade on Nasdaq
New York -- Sears Hometown and Outlet Stores Inc. is set to begin trading on the Nasdaq Capital Market on Friday after Sears Holdings Corp. completed a spin-off transaction of the home appliances, hardware, tools and garden equipment retailer.
Sears Holdings received $446.5 million in proceeds in the transaction, including a $100 million dividend paid by Sears Hometown prior to the separation and about $347 million from a rights offering.