Mass Merchant

Chicago-based Newport Capital Partners purchased a 69,749-sq.-ft. center anchored by Pick ‘n Save the Milwaukee area. Terms of the deal, brokered by Mid-American Real Estate Corp., were not disclosed.    Other tenants in the center at the Intersection of I-41/45 and Mayfair Road in Wauwatosa include Firehouse Subs, Mattress Firm, and Supercuts. The sellers were New York-based DRA Advisors and Atlanta-based RCG Partners.  

Consumers cooled their spending in July.

Crosslands Shopping Center, a joint development of Tupperware Brands and O’Connor Capital Partners, has been sold for $121 million just two years after opening in Kissimmee, Florida, according to a report in the Orlando Business Sentinel.   The Hampshire Companies, a New Jersey-based real estate firm, announced that it had acquired the center on behalf of an unnamed foreign investor. Crosslands is located within the Osceola Corporate Center, not far from Tupperware headquarters in Orlando.  

Dollar General continues to expand its store portfolio at a rapid pace.   The discounter on Monday opened its 13,000th store, in Birmingham, Alabama. The company operates approximately 675 stores in Alabama.    The new store is one of the planned 900 new stores Dollar General expects to open in 2016.

Consumers cooled their spending in July.    Retail sales were flat in July, in line with a revised 0.8% gain in June, according to figures released Friday by the Commerce Department. The report ended three straight months of monthly gains.     Sales in July rose 2.3% from a year ago. Excluding automobiles and parts sales, sales fell 0.3% in July — the weakest reading since January, after a 0.9% gain in the prior month.     

Target Corp. has brought its new flexible-format store model to Chicago’s Lincoln Park North.   The 33,000-sq.-ft. store, which features Target’s first Freshii café, has been carefully curated for the neighborhood, and includes home items sized for condos and small space living and artwork that reflects the local culture and community. The creative force behind the bold art installations was hometown artist Cody Hudson and his team at Struggle Inc.  

The chief executive of Hasbro Inc. has joined the board of directors of Gap Inc., effective Aug. 12.   The retailer said it is adding Brian D. Goldner to its board as the merchant focuses on its “next era of retail.” His appointment comes shortly after Gap posted a disappointing sales for the second quarter.   

Nordstrom Rack has announced a fourth location as it makes preparations to drop anchor north of the border.   Nordstrom announced that Nordstrom Rack will open a 35,000-sq.-ft. store at South Edmonton Common in Edmonton, Alberta, in fall 2018.     The property is owned and managed by Cameron Corporation and CREIT.