Discount Store

Philadelphia -- Charter Realty & Development said that it has arranged for a 9,887-sq.-ft. lease for Planet Fitness in the Mayfair Shopping Center in Philadelphia.

The shopping center is anchored by, Shop N Bag, Dollar Tree and Wells Fargo.
 

New York -- Saks Inc. has opened its first Saks Fifth Avenue store in Kazakhstan, in the city of Almaty.

Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said Monday that Soma Intimates recently opened at Willow Grove Park, in Willow Grove, Pa.

The 2,369-sq.-ft. store will be joined by a newly formatted J.C. Penney opening this fall and featuring the retailer’s Shops format, along with the opening of accessory boutique Laila Rowe.

Willow Grove Park is a three-level, 1.2 million-sq.-ft. regional shopping mall anchored by Bloomingdale’s, Macy’s, Sears and Nordstrom Rack.

Springfield, Mass. -- Charter Realty & Development Corp. said that it has arranged for a 2,500-sq.-ft. lease for McDonald’s located in the Springfield Plaza in Springfield, Mass.

Springfield Plaza is a 550,000-sq.-ft. center anchored by Kmart, Rocky's, TJ Maxx, Ocean State Job Lot, Savers, Stop & Shop and Entertainment Cinema. McDonald’s will be locating on a site formerly occupied by KFC. Construction is expected to start shortly, said Charter.

Beachwood, Ohio -- DDR Corp. announced Monday the acquisition of $328 million of prime assets and the disposition of $12 million of non-prime assets during the quarter.

Year to date, the company closed $2 billion of acquisitions, including the joint venture with Blackstone's flagship real estate fund, and disposed of $137 million of non-prime assets.

As of the third quarter, DDR said it has raised gross common equity capital of $435 million through the issuance of 31.7 million new common shares to fund investments and lower leverage.

The holiday season is competitive on many fronts, including which retailer plans to hire the most seasonal workers.

Pricing studies conducted this week by Wall Street analysts yielded familiar results.

Deutsche Bank analyst Charles Grom and Citigroup analyst Deb Weinswig issued reports this week comparing Walmart’s prices to dollar stores and conventional supermarkets and Target.

Farmington Hills, Mich. -- Agree Realty Corp. said it has executed two leases and completed a disposition of the company's remaining assets that were formerly leased to Borders.
 
The company has executed a lease with HomeGoods for the building formerly occupied by Borders in Monroeville, Pa. HomeGoods, a TJX Cos. banner, will occupy the space effective third quarter of 2013.