REAL ESTATE

Chicago -- The Macy’s store in the recently renovated Ohio Valley Mall in St. Clairsville, Ohio, has begun its first full-store renovation since opening in 1979. The single-level 100,000 sq. ft. store will receive new flooring, wall treatments, paint and additional accent lighting. In addition, the renovation will reconfigure the aisles to improve flow and sight lines. Macy’s will remain open throughout the renovation, which will finish up in time for the holiday season.

Atlanta -- Jones Lang LaSalle has closed the sale of Shiloh Square Shopping Center on behalf of Torchlight Loan Services. Phillips Edison-ARC Shopping Center REIT Inc. purchased the 139,720 sq. ft. Kroger-anchored center.

“Shiloh Square is strongly positioned in one of Atlanta’s largest suburbs of Kennesaw, serving more than 70,000 residents within a three mile radius,” said Margaret Caldwell, managing director with JLL.

New York -- Urban Outfitters has signed a lease for 56,730 sq. ft. on three levels at W&H Properties’ 1333 Broadway site, where the retailer will create its innovative new “lifestyle center” concept with new features never before seen from the brand, according to Anthony Malkin, president of Malkin Holdings, which supervises the W&H Properties portfolio.

The retailer will take occupancy in September.  

New York -- RadioShack Corp. unveiled its new concept store, opening a location on the Upper West Side of Manhattan. The store showcases a number of the features that will be part of a new generation of RadioShack stores that will be rolled out in locations throughout the United States and internationally over the next several months. The new concept is part of a wider initiative by new CEO Joseph C. Magnacca, who took the reins in February, to turn around the ailing chain.
   

Atlanta -- Developer OliverMcMillan has secured a $167 million syndicated construction loan, led by PNC Capital Markets, LLC, to finance construction of Buckhead Atlanta, the mixed-use retail, residential and office development located in Atlanta’s Buckhead neighborhood.

The loan will cover the full construction of the six-block, 8-acre complex. Five lenders are involved, including PNC Bank, N.A., CIT Finance LLC, Compass Bank, Regions Bank and SunTrust Banks.

Williamsville, N.Y. -- Tops Friendly Markets has officially unveiled 12 former Grand Union stores in eastern and northern New York under the Tops banner at grand re-opening ceremonies.

The new Tops branded stores include stores in Saratoga, Warrensburg, Warren, Franklin, Essex, Clinton and Fulton counties.

Winston-Salem, N.C. -- Working with franchise partner Taco Holding, S.A. de C.V, Krispy Kreme Doughnut Corporation will open its 100th store in Cancun, Mexico, on July 6. The store will feature Krispy Kreme's new international café-style store design, including hot doughnuts, barista specialists, a kid's zone and a drive-thru.

Alexandria, Va. -- Voila Pastry & Café has leased 1,600 sq. ft. in Huntington Station Shopping Center in Alexandria, Va.

Paraclete Realty represented Voila Pastry, and A.J. Dwoskin & Associates represented the shopping center in the transaction.