REAL ESTATE

Dallas -- The Carlyle Group and Cypress Equities announced plans to develop a 250,000-sq.-ft., multi-level retail center on Market Street in the popular shopping district of San Francisco.

The one-acre site, formerly known as CityPlace, will be rebranded Market Street Place. The project is fully entitled, groundbreaking is slated for the fall of 2012 and the grand opening is scheduled for the first quarter of 2015.

Charlotte, N.C. -- Crosland Southeast announced two key hires as part of the expansion of the developer’s project management team.

Barry James has been named senior VP project management, and Mark Hebard has been named project manager.

Clayton, N.C. -- Charlotte, N.C.-based Crosland Southeast announced Monday it plans to develop a Harris Teeter-anchored shopping center in Clayton, N.C. Flowers Crossroads will be part of the master-planned Flowers Plantation development. Construction on phase one of the 125,000-sq.-ft. center is slated for a late fall 2012 launch, with an anticipated opening date of fall 2013.
 
Flowers Crossroads will be a 28-acre multi-use site anchored by the first Harris Teeter grocery store in Johnston County, just southeast of Raleigh, N.C.
 

Dallas -- J.C. Penney Co. said Monday it has raised $248 million and taken its first step toward shedding non-core assets by selling off part of its stake in a Simon Property Group unit.

Following the transaction, the real estate unit for Penney – JCP Realty – will hold about 205,000 limited partnership units in Simon’s operating partnership.

Also on Monday, J.C. Penney CEO Ron Johnson unveiled a trio of in-store shops, slated to open at 683 J.C. Penney stores across the United States starting on Aug. 1.

Canton, Mass. -- Dunkin' Donuts announced Monday that it has signed a franchisee agreement to expand the brand's presence in Germany.

The new franchisee group, consisting of local businessmen Sadi Sanlav and Mo Rahimi, plans to develop at least 15 new Dunkin' Donuts restaurants in the Frankfurt, Rhine-Main area of Germany over the next five years.
 

Bedford, Ind. -- Beachwood, Ohio-based Chase Properties said it has acquired Williams Crossing in Bedford, Ind., from Horne Properties.

Williams Crossing is a 50,000-sq.-ft. shopping center that is shadow-anchored by a Super Walmart. Other tenants in the center include Dollar Tree, Maurices, Shoe Show and Hibbett Sports. Marcus & Millichap brokered the sale.
 

Springfield, Pa. -- Ulta Beauty said it will open at Springfield (Pa.) Mall in fall 2012.

The 10,328-sq.-ft. store will feature a full-service salon in addition to its customary offerings, and will join anchors Macy’s and Target along with more than 70 specialty retailers at the center.

Springfield Mall is owned by Pennsylvania Real Estate Investment Trust (PREIT) and Simon Property Group.
 

Woodbridge, N.J. -- Fameco Real Estate said it has leased retail space at Plaza Square in Wayne, N.J., bringing the center to full occupancy.
 
The 104,000-sq.-ft. center, owned by Jacksonville, Fla.-based Regency Centers, is anchored by ShopRite with Bank of America, Dollar Power, Bensi Italian Restaurant and Wendy’s. Recent lease signings include Great Clips, Hand & Stone, C2 Education and GNC.