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WPG, O’Connor go in on seven open-air centers
Washington Prime Group and O’Connor Capital Partner announced the formation of a joint venture partnership in seven open-air retail centers. WPG will be the controlling partner with a 51% stake. The seven properties are: • Arbor Hills in Ann Arbor, Michigan; • Classen Curve/Nichols Hills Plaza/The Triangle at Classen Curve in Oklahoma City; • Gateway Center in Austin, Texas; • Palms Crossing in McAllen, Texas; -
Lidl to make U.S. debut June 15—with low, low prices
German discount grocer Lidl is set to shake up the competition with prices that promise to turn up the heat on its U.S. competitors, who are already engaged in a price war. Lidl on Wednesday revealed the locations of the first 20 stores it will open this summer in the United States, starting on June 15. (See end of story for listing). The stores — in North Carolina, South Carolina and Virginia — are the first of up to 100 locations the grocer plans to open across the East Coast by next summer.

