REAL ESTATE

Phoenix -- Karlin Real Estate has acquired through foreclosure two Phoenix, AZ-area shopping centers totaling nearly 220,000 sq. ft., following the firm's purchase of a non performing loan portfolio with an aggregate unpaid principal of approximately $65.5 million.

Washington, D.C. -- The Retail Industry Leaders Association, the International Council of Shopping Centers and Paladino and Co., announced Tuesday a collaborative discussion among retailers and commercial shopping center developers to bridge the current landlord and tenant divide that exists around creating sustainable, energy-efficient retail stores in the United States.

Participants in the June 9 roundtable included Wal-Mart, Petco, Ann Taylor, Target, VF Corp., Best Buy, Westfield, Vornado and Kimco, among others.

Seattle -- REI (Recreational Equipment, Inc.) will open a store in Indianapolis, Ind. at the Plaza at Castleton next spring.

The approximately 23,800-sq.-ft, store will be the outdoor goods and apparel retailer’s first location in Indiana, and will include a bike shop for quick assemblies and repairs, a seasonal gear rental department, and a community space that will allow REI and its local partners to host classes, presentations and events to educate customers and members on a variety of outdoor topics.

King of Prussia, Pa. -- O’Neill Properties Group announced that Bass Pro Shops  has signed a letter of intent for a 200,000-sq.-ft. store at The Point, in Sayreville, N.J., one of the largest new mixed use developments in the United States.

Macon, Ga. -- Augusta, Ga.-based Hull Storey Gibson Cos. announced that Smok’n Pig BBQ will open a new restaurant at Macon Mall, located in Macon, Ga.

Macon Mall is preparing to launch a major redevelopment and renovation that will add, expand and relocate the tenant mix. The new restaurant will complete construction this fall and employ up to 150 people.
 

Seattle -- Recreational Equipment, Inc. (REI) on Friday announced plans to open a new store in Indianapolis at the Plaza at Castleton next spring. The new store will be the outdoor retailer’s first in the state.

The one-story, approximately 23,800-sq.-ft. store is one of 117 stores in 28 states and two online stores -- rei.com and rei-outlet.com.
 

Greeley, Colo. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Greeley, Colo., to T.J. Maxx, which will open a 25,000-sq.-ft. store at Centerplace of Greeley III shopping center.

The 119,000-sq.-ft. shopping center is anchored by a 42,000-sq.-ft. Sports Authority and a 30,000-sq.-ft. Best Buy.

Kansas City, Mo. -- Block Real Estate Services said it has opened an office in Atlanta, to provide asset, property, and construction management services to its current portfolio of commercial properties located in the Atlanta-metropolitan area.

Bert Calvert will oversee the operations for BRES in Atlanta.