REAL ESTATE

Canton, Mass. - Dunkin' Donuts has signed a multi-unit store development agreement with new franchisees, Brian and Sharon Weidendorf, to develop seven restaurants in Duluth, Minnesota, and the surrounding areas. The first restaurant is planned to open in spring 2015.

Minneapolis -- Target Corp. has pulled back the curtain on its new small-format store, TargetExpress, in the “Dinkeytown” section of Minneapolis. The 20,000-sq.-ft. store is just steps away from the University of Minnesota. (See the video tour). 

Target plans to open four TargetExpress stores in 2015, with three locations in the San Francisco Bay Area, and one in the Highland Park area of St. Paul.

DreamWorks Animation makes its official foray into the retail space with the launch of DreamPlace, a state-of-the-art reimagining of the holiday retail experience slated to be unveiled at select GGP and Forest malls this holiday season.

DreamPlace is a 2,000-sq.-ft. holiday cottage and combines the latest technology with magical storytelling from creative minds behind such hit franchises as Shrek, Madagascar and How to Train Your Dragon. DreamPlace reimagines one of the signature moments of childhood – meeting Santa Claus.

Bentonville, Ark. -- Sam’s Club has purchased an approximately 13-acre parcel to build its new store at Village at the Peaks in Longmont, Colorado. Sam’s Club plans to build a new 136,000-sq.-ft. store to anchor the northernmost location in the project.

The 480,000-sq.-ft. Village at the Peaks is being developed by NewMark Merrill Mountain States and is scheduled to open in late 2015. Other key anchors Whole Foods, Gold’s Gym and a state-of-the-art Regal Cinema.

Davenport, Iowa -- Von Maur Department Stores will open its 30th store, at Quail Springs Mall in northern Oklahoma City, on Oct. 18. The split-level, 150,000-sq.-ft. store will be the company's first location in Oklahoma.

Located at the mall's former Sears location, the store will undergo a complete remodel in order to feature Von Maur's signature exterior brick facade, which includes arching entryways accented by copper cupolas.

Oak Brook, Ill. — Inland Real Estate Income Trust announced the acquisition of the 86,800-sq-ft. Pick ‘n Save Shopping Center in West Bend, Wisconsin. Lou Quilici, senior VP of IREIT Business Manager & Advisor, Inc., assisted Matthew Tice, VP of Inland Real Estate Acquisitions in the purchase of the property.

Bentonville, Ark. - Sam’s Club will open a new store in Oxford, Alabama, on July 24. The store will bring 170 jobs to the community

A number of health and wellness services will also be available, including a pharmacy, optical center and hearing aid center.

Dallas — SRS Real Estate Partners has hired Daniel Poku as an associate in the Dallas/Fort Worth office. A newcomer to the industry, Poku has a background in economics.

Poku is a recent graduate of Southern Methodist University. Poku is also currently pursuing a new venture called CauseCakes, with plans to launch fall 2014. CauseCakes partnered with a local bakery to provide cupcakes with wrappers that prompt acts of random kindness for special events and corporate meetings.