Mass Merchant

Dallas — A fund managed by Cypress Equities has acquired Promenade Tannehill in Bessemer, Ala., a suburb of Birmingham.

Tannehill is a 347,151-sq.-ft. regional power center that opened in 2008 and presently houses more than 30 retailers, including Target, Publix, J.C. Penney, Michaels, PetSmart, Premiere Cinemas, Charming Charlie, Anna’s Linens and Ross Dress For Less.

Indianapolis — Simon Property Group and Tanger Factory Outlet Centers have announced that construction has begun on Charlotte Premium Outlets. The first phase of the planned 400,000-sq.-ft. center will open in the summer of 2014. The project is a 50/50 joint venture between Simon and Tanger.

Charlotte Premium Outlets will feature Saks Fifth Avenue Off 5th and more than 90 other outlet stores.

Tanger is providing site development and construction supervision to the venture. Simon is providing management services and marketing.

Plymouth Meeting, Pa. — J.Crew Factory, which offers still fashionable apparel from past J.Crew collections, plans to open a 6,100-sq.-ft. store in The Plaza Shops at Plymouth Meeting Mall this fall.

Anchored by Macy’s and Boscov’s, Plymouth Meeting Mall offers more than 100 specialty retailers. Whole Foods Market and Café anchors The Plaza Shops extension of the mall. Pennsylvania Real Estate Investment Trust www.preit.com owns, manages and leases the property.

Philadelphia -- Wal-Mart Stores and McDonald’s were the only retailers to crack the Hay Group’s eighth annual Best Companies for Leadership Study Top 20 list.

The study surveyed nearly 18,000 individuals at more than 2,200 organizations worldwide to examine how companies develop their leaders and foster cultures of innovation. This year, Procter & Gamble led the Top 20. Wal-Mart ranked No. 7, and McDonald’s came in at No. 8.

Framingham, Mass. – T.J. Maxx has quietly relaunched its e-commerce site, eight years after initially attempting to sell products online, without any promotion or official announcement. A Boston Globe article indicates the site went live on Sept. 18.

Flemington, N.J. — HomeGoods has signed a long-term lease with The Shoppes at Flemington in Flemington, N.J., and is open and operating in a 22,000-sq.-ft. building that came as part of the deal.

Levin Management manages and markets the center for the owner, Garrison Investment Group. Welco Realty represented HomeGoods.

Levin also served as the construction manager for the development of the new retail space and managed the land development approvals.

Boise, Idaho — Gordmans Inc. has signed an anchor lease for 50,505 sq. ft. at Southshore Shopping Center in Boise, Idaho, said Pine Tree Commercial Realty LLC. The store is slated to open next spring.

The property is owned by Pine Tree –Inland Development I LLC, a joint venture between Inland Real Estate Corporation and Pine Tree Institutional Realty LLC, an affiliate of Pine Tree Commercial Realty.

Mark Bottles Real Estate Services represented the landlord in the transaction.

Warrendale, Pa. -- Rue21 stockholders have approved the previously announced merger agreement under which funds advised by Apax Partners will acquire the shares of Rue21 for $42 per share in cash. Approximately 99.7% of the shares voted at today’s special stockholder meeting voted in favor of the agreement.