REAL ESTATE

Salisbury, N.C. -- Bottom Dollar, a division of Delhaize American, has entered the Philadelphia market, opening a 17,000 sq.-ft. store.

“While we have opened 18 stores in the greater metropolitan area, this is our first store in the heart of Philadelphia, and we are truly ecstatic,” said Meg Ham, president, Bottom Dollar Food, said in a statement.

Minneapolis -- Best Buy Co. said Thursday that it plans to open hundreds of wireless device stores, as well as expand online and in China in an effort to be more competitive as consumers up their online shopping. The chain is also scaling back the size of its signature namesake format. 

In an analyst conference Thursday, the retailer unveiled plans to shrink square footage at big-box stores by 10% over the next three to five years, a move that Best Buy said will eventually save $70 million to $80 million annually.

Kokomo Ind. -- The Bon-Ton Stores said Thursday that it has signed a letter of intent with Simon Property Group for a 60,000-sq.-ft. facility at Markland Mall, located in Kokomo, Ind.

According to the department store retailer, the existing building will be remodeled by November, at which time Bon-Ton will open a new store under the Carson’s nameplate, replacing its current Elder-Beerman store presently located in Kokomo Mall.

Chicago -- Jones Lang LaSalle said Monday that, on behalf of Monroe Investment Partners LLC, it has closed the sale of a 13.5-acre parcel on Chicago’s South Side to Walmart, which purchased the shovel-ready pad in the Chatham Market shopping center to build a 155,000-sq.-ft. supercenter.

This will be the first of six new full-scale stores Walmart has announced it plans to build in the City of Chicago.

Phoenix -- Grubb & Ellis Co. said that Evergreen Devco has selected Bill Finch, VP, and Alex Gonzalez, senior associate, both of the company’s Retail Group, as the leasing agents of Goodyear Centerpointe, Villago Marketplace, Anthem Marketplace at Merrill Ranch and Sonoran Desert Village.

The properties offer a total of 596,000 sq. ft. of space in the Phoenix metro area.

Cary, N.C. -- Jacksonville, Fla.-based Regency Centers said it has leased 1,626 sq. ft. of restaurant space NY Bagel Café & Deli, which is opening its new store at Shoppes of Kildaire, located in Cary, N.C.

NY Bagel is slated to open this summer, and its addition brings the shopping center to 97% leased.

The 147,651-sq.-ft. Shoppes at Kildaire is anchored by Gold’s Gym and Home Comfort Furniture alongside national retailers such as Trader Joe’s, Staples, Massage Envy and Subway.

Southlake, Texas -- Flat Out Crazy Restaurant Group said it has leased 6,012 sq. ft. of space in Shops of Southlake, a specialty shopping center located in Southlake, Texas, for its Stir Crazy Fresh Asian Grill concept. 

This will be the second location to open in Texas. 

The Commercial Retail Division of The Weitzman Group handled negotiations as exclusive retail leasing agents for Shops of Southlake.

Lisbon, Conn. -- WS Development announced that Dick's Sporting Goods has signed on at Lisbon Landing, located in Lisbon, Conn. Dick's will occupy an approximately 40,000-sq.-ft. space, which will be located next to O'neil Cinemas' Lisbon Landing Cinema 12.

At 560,000 sq. ft., Lisbon Landing is anchored by The Home Depot, Kohl's and Walmart Supercenter.