REAL ESTATE

Mid-America arranges sale of Stonefield Square
Louisville, Ky. -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Stonefield Square in Louisville, Ky. The 90,991-sq.-ft. center was purchased from seller Viking Partners by Toronto-based Slate Properties for $12.6 million. Stonefield Square is located at the southwest corner of Shelbyville and Moser Roads. The center is anchored by The Fresh Market, CVS and Fifth Third Bank.
The Gifted Barber Shop to open in Desert Square
Tucson, Ariz. -- The Gifted Barber Shop is opening in the Desert Square Shopping Center located at the northeast corner of Golf Links and Kolb Roads in Tucson, Ariz.

The new barber shop will be 1,200 sq. ft. and is grand-opening on Nov. 7.

Craig Finfrock of Commercial Retail Advisors, LLC represented the landlord, 26 Palms Delaware, LLC and Sierra Industrial Park Delaware, LLC.

Irvine Company bringing Whole Foods Market to Santa Clara Square

Santa Clara, Calif. --The Irvine Company announced that Santa Clara’s first Whole Foods Market is coming to Santa Clara Square, a unique office campus and specialty retail center being built at Great America Parkway and the 101 freeway in the heart of Silicon Valley.
Target to close 11 locations

Minneapolis -- Tuesday Corp. announced that it planned to close 11 stores as of Feb. 1, 2015, citing performance issues.
Construction completed on phase two of Fortuna Commons shopping center

Yuma, Ariz. -- Construction is complete on Phase 2 of the Fortuna Commons shopping center, anchored by Fry’s Food & Drug. New tenants include Firehouse Subs, Goodwill, and AutoZone.
Gordon Brothers, BlackRock Kelso launch finance company

New York City -- BlackRock Kelso Capital Corporation announced that it has completed a transaction with Gordon Brothers Group to launch Gordon Brothers Finance Company.
Retail Rap: Digital Walleting

It has been fascinating to watch the back and forth in recent weeks as competing systems for mobile payment have suddenly been grabbing headlines and jockeying for space in the public consciousness.
SL Green Realty acquires 102 Greene Street

New York City -- SL Green Realty Corp. announced it has acquired the retail property located at 102 Greene Street for $32.25 million. The transaction marks the continued growth of the company’s prime retail property portfolio, which already includes several other assets in Manhattan’s SoHo retail district.
Mid-America handles sale of Maple Hill Mall

Kalamazoo, Mich. -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Maple Hill Mall in Kalamazoo, Mich. The 283,551-sq.-ft. center was purchased from Kimco Realty Corp. by Whitehouse, Ohio-based Devonshire REIT.
United Tae Kwon Do to open at Summit Plaza

Hackensack, N.J. -- Martial arts studio United Tae Kwon Do Center has leased 1,500 sq. ft. at Summit Plaza in Hackensack, becoming the latest tenant to join the retail lineup at the Bergen County shopping center. The 100,000-sq.-ft. retail property is owned and managed by Alfred Sanzari Enterprises.