REAL ESTATE

Broomfield, Colo. -- The largest shareholder of Famous Brands, Z Capital Partners, a private equity firm, has acquired the remaining minority ownership stake in the company from The Carlyle Group.

Famous Brands is the parent company of TCBY Yogurt and Mrs. Fields Cookies.

Cincinnati, Ohio -- Phillips Edison-ARC Shopping Center REIT Inc. has announced the acquisition of Sunset Center, a 164,797-sq.-ft. shopping center anchored by a 54,971-sq.-ft. Safeway.

The acquisition brings the Phillips Edison-ARC portfolio to 41 properties in 16 states with an aggregate purchase price of approximately $518.5 million.

Fort Worth, Texas -- RadioShack Corp. has announced the appointment of Merianne Roth to the new post of VP – communications. She will manage the company’s corporate communications, community relations, internal communications and event marketing.

Roth comes to RadioShack from the Fort Worth Convention and Visitors Bureau, where she served as VP, marketing and communications. Her experience includes marketing and communications posts with J.C. Penney and Pier 1 Imports.

Burlington, Mass. -- KeyPoint Partners has released The KeyPoint Report for Eastern Massachusetts/Greater Boston 2013. The report examines supply, occupancy, absorption and retailer expansion and contraction for virtually every retail property in the region. The 2013 report also includes a ten-year historical perspective that discusses the regional retail economy before, during and since the recession.

Chattanooga, Tenn. -- CBL & Associates Properties has announced the acquisition of two Sears locations, one at CBL’s Fayette Mall in Lexington, Ky., and the other at CoolSprings Galleria in Nashville. Sears will continue to operate in both locations until closing dates have been finalized.

“We have plans to redevelop and expand both buildings to create space for new high-end specialty stores and restaurants,” said Stephen Lebovitz, CBL’s president and CEO.
 

New York -- RadioShack Corporation has opened the first of the next generation of stores scheduled to roll out across the country and around the world over the next several months.

Naperville, Ill. – OfficeMax has signed a lease agreement to open the first of its business solutions center concept stores in Chicago. The 3,900-sq.-ft. store, located in a currently unoccupied space at 550 St. Clair Street in the Streeterville neighborhood, will open later this summer and cater to the needs of business customers.

Special services for business customers will include enhanced technology support, marketing, document and shipping services, and expert associates.

Rockville, Md. -- Federal Realty Investment Trust has announced that Russ Joyner has joined the company has VP-general manager of Assembly Row. Joyner’s responsibilities will include management and operations at the mixed-use development project in Somerville, Mass. Currently under construction, Assembly Row will open in mid-2014.