Supermarket/Grocery

SPRINGFIELD, Mass. — Regional supermarket chain Big Y is catering to customers' bundles of joy with the launch of a new loyalty program.

Jacksonville, Fla.-based Regency Centers has acquired Balboa Mesa Shopping Center, a 189,321-sq.-ft. infill shopping center anchored by a 42,247-sq.-ft. Vons grocery store.

Regency purchased the San Diego property for $59.5 million from Balboa Realty LLC.
 
Built in 1969, Balboa Mesa Shopping Center is also anchored by a 77,000-sq.-ft. Kohl’s and a 24,000-sq.-ft. CVS/pharmacy.

Bentonville, Ark. -- Walmart and HumanaVitality annunced a first-of-its-kind program called Vitality HealthyFood, whereby Walmart offers a 5% discount on produce items to HumanaVitality members. The discount is loaded on a card in the form of a credit within five business days that can be redeemed on a subsequent trip to Walmart.

Chestnut Hill, Mass. -- WS Capital Partners, the institutional investment arm of WS Development, announced that it has completed the acquisition of Hilldale Shopping Center, a 474,000-sq.-ft. retail center located in Madison, Wis.

Anchored by Macy’s, Metcalfe’s Market, Sundance Cinemas and Target, Hilldale Shopping Center serves the entire Madison metropolitan area, including the nearby University of Wisconsin-Madison.

MINNEAPOLIS — Target is opening its first store in East Peoria, Ill. in March 2013. The 135,000 sq. ft. store, located at Clock Tower Drive and West Washington Street, will be part of the 86-acre East Peoria Downtown development.

According to Target, the new store will feature the typical Target assortment along with a selection of fresh produce, fresh packaged meat and pre-packaged baked goods as well as a Starbucks and a Target Pharmacy to further enhance guests’ experience. The store will employ approximately 150 to 200 team members.

Houston -- Wulfe & Co., managing partner of Blvd Place, said that construction has started on Phase II of the mixed-use development located in The Uptown District of Houston.

Blvd Place will contain retail, office and residential components in an urban environment. This phase of the project is 60% pre-leased and will contain approximately 211,000 sq. ft. of upscale retail, restaurant and office space. The retail space will be anchored by a 48,500-sq.-ft. Whole Foods Market.

Oak Brook, Ill. -- Inland Diversified Real Estate Trust announced it has raised over $1.1 billion of investor capital, which will be used to continue the company’s acquisitions of a diversified portfolio of commercial real estate properties.

“We believe that we have built an outstanding portfolio of stable, performing commercial real estate assets with very high occupancy, generating sustainable distributions for our investors,” said Barry Lazarus, president and COO of Inland Diversified.

Shrewsbury, Mass. -- Charter Realty & Development said it has arranged six leases, totaling 33,191 sq. ft., in the White City Shopping Center located in Shrewsbury, Mass.

Planet Fitness will open a 19,079-sq.-ft. facility, Elements Massage will open a 3,520-sq.-ft. unit, which was co-brokered with Blake Commercial, and Two Ovens will open a 3,532-sq.-ft. restaurant, which was co-brokered with Gallivan & Co.