REAL ESTATE

Venice, Fla. — Carrabba’s Italian Grill has signed a long-term ground lease for a 1.31-acre outparcel in the parking lot of the Lowe’s Home Improvement store in Venice, Florida. Carrabba’s plans to begin the construction of a new restaurant immediately, with the grand opening slated for late this year.

Oak Brook, Ill. — Retail Properties of America has announced an agreement to acquire six multi-tenant retail assets through the dissolution of its MS Inland joint venture. The joint venture owns the portfolio, with 20% owned by RPAI and 80% owned by RPAI’s partner. RPAI will acquire its partner’s 80% interest in the six properties.

Boise, Idaho — WinCo Foods LLC has announced that it will begin shipping from its new distribution center in Phoenix. With more than 900,000 sq. ft., the new center will service 19 WinCo Foods stores located in Arizona, Southern Nevada and Southern California, a little more than half of the facility’s capacity.

Ann Arbor, Mich. -- On Wednesday, nearly 54 years after its founding in Ypsilanti, Michigan, Domino's Pizza will open the doors to its 11,000th store, in Brantford, Ontario.

"Domino's international growth continues to expand, and I think it is special that we reached this milestone in Canada, the country where the international growth started,” said Mike Schlater, Domino's Pizza of Canada master franchisee. “I am proud to continue serving this community by bringing the 11,000th store to Brantford."
 

Pittsburgh — The Field & Stream specialty retail concept has announced plans to open a new store in Erie, Pennsylvania, on June 13 at Millcreek Marketplace.

Field & Stream stores carry a wide variety of national outdoor brands including Remington, Sitka, Sage, Simms, Shimano and Yeti and provide a variety of in-store services. The store is not associated with Field & Stream Licenses Co. or Field & Stream Magazine. Dick’s Sporting Goods owns and operates Field & Stream specialty retail stores and FieldandStreamShop.com.

Minneapolis - The Tile Shop will expand its presence by 20 stores to 108 locations by the end of 2014, and also remodel 15 to 20 locations.

“Through our store layout and sales associates, who offer project planning, design counsel, tile recommendations and installation guidance, we are able to meaningfully connect with our customers and meet their individual project needs with affordable tile and natural stone products, building a foundation for an ongoing relationship,” said Carl Randazzo, senior VP of retail for The Tile Shop.

Littleton, Mass. - Dover Saddlery Retail Inc. plans to open the first Dover Saddlery tack store in Ohio in summer 2014. The store will be located in Cincinnati and offer in-store services including a saddle demo program and custom boot measuring.

Smart retailers can succeed in a tight real estate market with limited capital

Even as the economy continues on a path of slow improvement, brick-and-mortar retailers still find themselves in a real estate market with few vacancies and even fewer new malls under construction. In addition, corporate management remains reluctant to expend any more capital than it feels is absolutely necessary to meet immediate needs.