REAL ESTATE

Stark Enterprises purchases The Shoppes at Stonecreek
Pickerington, Ohio -- Stark Enterprise announced the addition of The Shoppes at Stonecreek located in Pickerington, Ohio to its retail portfolio. The 45,000 sq. ft. center is currently 100% occupied, tenants include: Lifetime Fitness, Petland, Advanced Vapor, Lomonico’s and Roosters.

“This acquisition further expands our footprint outside of Northeast Ohio and is a prime opportunity for us to prove the transformational impact we have on our properties,” said Ezra Stark, COO for Stark Enterprises.
Venture Commercial closes two leases for specialty DIY retailer
Venture Commercial has completed two leases on behalf of Northern Tool + Equipment in White Bear Lake, Minnesota, in the White Bear Marketplace, and in Live Oak, Texas, in The Village at Forum Parkway Shopping Center. Clay Mote of Venture Commercial, who is the master broker for Northern Tool + Equipment, made the announcement.

Lands' End goes omnichannel for the holidays

Lands' End is getting into the brick-and-mortar business just in time for the busiest shopping season of the year.

The online retailer plans to open two holiday pop-up shops, one in New York and one in Boston.
Tanger Outlets elects David B. Henry to board

Greensboro, N.C. -- Tanger Factory Outlet Centers, Inc. announced the election of David B. Henry to its board of directors, effective Jan. 1.

Henry will retire from his current role as vice chairman of the board and CEO of Kimco Realty Corporation, effective Jan. 1. He joined Kimco, North America's largest publicly traded owner and operator of open air shopping centers, in April 2001 as vice chairman and chief investment officer, served as its president from December 2008 through August 2014, and has served as CEO since December 2009.
Gordon Brothers director receives Commercial Finance Association award

Boston – Gordon Brothers announced that Alex Sutton, managing director of Industrial Inventory for Gordon Brothers-AccuVal, will be honored by the Commercial Finance Association with the 2015 Harry H. Chen Memorial Instructor of the Year Award.
Inland Real Estate Acquisitions acquires five properties for $138.4 million

Oak Brook, Ill. -- Inland Real Estate Acquisitions announced the acquisition of five properties in September on behalf of Inland related parties totaling nearly 500,000 sq. ft. across five states. The acquisitions collectively total $138.4 million in purchase price.
Baker Katz closes Houston apparel retail lease

Houston-based Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, has completed a 3,469-sq.-ft. lease on behalf of Crossroads Trading.

Crossroads Trading will open its first Texas location in Central Houston’s Montrose neighborhood in the Westmont building. Crossroads Trading buys, sells and accepts trade-ins of used clothing and accessories.
Velocity delivers Arizona lease to Beall’s

Velocity Retail Group, a full-service commercial real estate services company based in Phoenix, has secured a 10-year lease for Beall’s Outlet.

Beal’s Outlet will join the lineup at Westporte Village in Glendale, Arizona. The 23,600-sq.-ft. space is slated to open in November 2015. Velocity Retail Group VP Michael Clark and associate VPs Larry Miller and John Jackson represented the landlord. Newmark Grubb Knight Frank represented the tenant.
And the latest retailer to expand off-price is ...

It seems as though off-price is one of the few bright spots in traditional retail these days, so it's no wonder that Hudson’s Bay Company is adding another off-price concept to its portfolio.
45 Retailers named for expanded and redesigned Broadway Plaza

Walnut Creek, Calif. -- Macerich announced 45 retailers set to join Broadway Plaza in Walnut Creek, California. The center, anchored by Nordstrom, Neiman Marcus and Macy's, is undergoing a major renovation that will add 315,000 sq. ft. of new space, parking, new finishes and refreshed outdoor amenities.