Discount Store

X Team International announced that Mountain West Retail and Investment and Newmark Grubb ACRES completed sales of two grocery-anchored properties same-day.

Canyon Center, a 51,914-sq.-ft. property in Sandy, Utah, is anchored by Smith’s and Shopko; the seller was Dee’s Inc., a third generation, family-owned real estate company, and the buyer was Pacific Castle, a Southern California-based institutional investor.

“Now Trending” is an exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

The narrative is a familiar one: the scourge of online sales, encroaching ominously on brick-and-mortar market share, continues to siphon sales and transform the retail industry into an increasingly virtual landscape. Over the last few years, nearly every retail sales drop or unexpectedly poor performance has been laid at the feet of the Internet.

Mid-America Real Estate announced three new retail leases recently signed.

New Bohemi signed a lease for 4,209 sq. ft. at Eagan Towne Centre located in Eagan, Minnesota off of Interstate 35. The 153,781 sq. ft. center is anchored by Cub Foods, Big Lots and Dollar Tree.

Title Boxing Club signed a lease for 3,495 sq. ft. at 55th and Lyndale located in Minneapolis. The 4,736 sq. ft. center is shadow-anchored by Walgreens, Midas, Enterprise and Kowalski’s.

Saks Fifth Avenue Off 5th is making progress in its plans to open up to 25 locations across Canada by 2018.

The retailer announced three new locations in Canada: Toronto Premium Outlets, Halton Hills, Ontario; Rideau Street, Ottawa, Ontario; and Premium Outlets Montreal, Mirabel, Quebec City.

Dollar Tree’s third quarter results weren’t as strong as the prior year, but all is well with the integration of Family Dollar and CEO Bob Sasser contends the combined company is well-positioned for the holidays.

Total sales increased 136% to $4.95 billion during the quarter ended Oct. 31, from $2.1 billion in the prior year’s third quarter. The surge in sales reflects the first full quarter in which sales from Family Dollar stores are included in results. Dollar Tree completed its acquisition of Family Dollar on July 6 creating a retailer with 13,600 stores.

Company HQ: New York City

Company Website: www.brixmor.com

Over the past 15 years or so, fast-fashion has evolved from a trend to a phenomenon to an industry standard — one that has largely redefined the U.S. apparel retailing landscape.

From home-grown Forever 21 to Swedish import H&M, the market is awash in stores offering cheap, on-trend clothes at low prices. And now another import has entered the mix, Primark, which opened its first U.S. store in September, in Boston, the first of eight initial locations.

Outlet malls are often associated with not only appealing deals on name-brand products, but also with driving long distances to get to the far-flung locations where outlets have traditionally been located.

But that is all changing — and changing fast.