Falls Church, Va. -- Ridemakerz, the build-a-car retailer, will open a 1,300-sq.-ft. in-store shop at FAO Schwarz Fifth Avenue, on Nov. 11. A highlight of the space will be the Ridemakerz “build table” where customers can assemble their cars, attaching the body of the car to the chassis and adding custom rims and tires.
New York -- American Realty Capital Properties has acquired Cole Real Estate Investments for $11.2 billion, creating the world’s largest net lease real estate investment trust, with an enterprise value of $21.5 billion.
ARCP has secured $2.75 billion in fully committed financing from Barclays. The loan is expected to close in the first half of next year.
Updated ARCP pro forma 2014 guidance indicates that adjusted funds from operations will move from $1.13 to $1.19 per share, compared with 2013 guidance of $0.91 to $0.95 per share.
City of Commerce, Calif. — 99¢ Only Stores has leased 18,728 sq. ft. in Fairmeadows Shopping Center on East Camp Wisdom Road in the Dallas/Fort Worth area. The Fairmeadows tenant line-up includes Dollar
General, Popeye’s, Firestone and Dental Republic. The Weitzman Group, the exclusive leasing agent for the center, handled negotiations for the landlord.
Davenport, Iowa -- Von Maur Department Store has opened its first store in the state of Alabama, at Riverchase Galleria in Hoover. The 185,000-sq.-ft. store is also one of the company’s largest locations to date.
"After opening our first Southeastern location two years ago, we couldn't be more excited to continue building on our success in the region with the addition of our first Alabama location at Riverchase Galleria," said Jim von Maur, president of Von Maur."
New York -- TJMaxx has signed a lease at the Brass Mill Commons in Waterbury, Conn., according to Charter Realty and Development, TJMaxx’s representative in the negotiations.
The new TJ Maxx store will be 22,889 sq. ft. and the 26th deal that Charter has leased to TJX. TJMaxx is a division of TJX, which also owns Marshall’s and HomeGoods.
Washington, D.C. —Marshall’s has opened its second Washington, D.C. store. According to the Washington, D.C., Economic Partnership, the 28,925-sq.-ft. store is located at the National Press Building at 14th and F Streets downtown. Marshall’s is planning a third location for the Shops at Dakota Crossing in the city’s northeastern quadrant.
Columbus, Ohio – Lane Bryant opened four new stores on Nov. 1. The stores are located at University Mall in Carbondale, Ill., and Bey Lea Plaza in Toms River, N.J.
The retailer also opens two refreshed stores on Nov. 1, at Pavilion Center in Dallas and Las Palmas Marketplace Shopping Center location in El Paso, Texas.
Louisville, Ky. — Brazeiros Churrascaria, a traditional Brazilian steakhouse will open its doors at Fourth Street Live! in Louisville early next year. The restaurant will occupy more than 6,000 sq. ft. and employ approximately 85.
Brazeiros is an authentic churrascaria, which means steakhouse, and churrasco is a gaucho’s traditional way of cooking meats.
