REAL ESTATE

Detroit -- X Team, an international alliance of retail real estate advisors, has announced a partnership between Detroit X Team Partner Stokas Realty Advisors and Detroit-based Bieri Co., resulting in the formation of Stokas Bieri Real Estate.

SBRE specializes in site selection for retailers nationwide and offers additional services, including project leasing, disposition of excess properties, restructuring, market analysis and legal services. 

Springfield, Ill. -- Family Dollar has opened an 8,800-sq.-ft. store at Fairhills Mall, located in Springfield, Ill.

The mall is owned by New York City-based Centro Properties Group.
 

Beachwood, Ohio -- Developers Diversified Realty Corp. announced that the company's joint venture in Brazil, Sonae Sierra Brasil, has opened a nearly 60,000-sq.-ft. expansion at Parque Dom Pedro Shopping, now a 1.3 million-sq.-ft. enclosed mall in Campinas, Brazil.

Miramar Beach, Fla. -- New Balance announced that it opened its first factory store in Northwest Florida at Silver Sands Factory Stores on Thursday.

The 4,825-sq.-ft. store offers New Balance shoes and apparel for women, men and children. New Balance Factory Store is located near Swarovski at the east part of the center.

“We chose Silver Sands because we wanted to open in a high-performing center that has a great portfolio of brands,” said Stephen Dix, general manager of retail operations for New Balance.

Northbrook, Ill. -- Pine Tree Commercial Realty announced it has acquired Loch Leven Plaza in the Orlando, Fla. suburbs, expanding Pine Tree’s portfolio to include the state of Florida.

The company purchased the Publix-anchored shopping center in Mt. Dora, Fla., on Nov. 5. Pine Tree will be handling the property management and leasing for the center.

Publix occupies 54,340 sq. ft. at the new plaza and opened last May. The center, which was completed in March, is 99% leased.

Winter Park, Fla. -- Orlando, Fla.-based Crossman & Co. said that Publix will open a new store at Aloma Shopping Center, in Winter Park, Fla., on Nov. 18.

The original store was demolished last April and the newly constructed store has been expanded by more than 5,000 sq. ft. The new 47,000-sq.-ft. facility includes a liquor store.

Crossman & Co. has been overseeing the redevelopment of the property and handles the leasing and management at the shopping center. 

Chevy Chase, Md. -- Steuart Investment Co. said that Giant Food has signed a lease to anchor a mixed-use project slated for development in Washington, D.C.

The project, called 360º H Street, is a nearly 290,000-sq.-ft., LEED-certified development and features street-level retail topped by 215 rental units. Torti Gallas and Partners, Inc. of Silver Spring is the architect. 

Sylvania, Ohio -- Sylvania Sports World announced it has opened a 12,800-sq.-ft. store at Starlite Plaza, located in Sylvania, Ohio.

The shopping center is owned by New York City-based Centro Properties Group.