REAL ESTATE

The Summit at Scottsdale acquired for $54.1 million
Phoenix -- DTZ, a leader in commercial real estate services, announced that a limited partnership formed by Weingarten Realty Investors of Houston acquired The Summit at Scottsdale, a 190,408-sq.-ft. retail center anchored by Safeway and Target, for $54.1 million.

Donahue Schriber Realty Group, L.P., of Costa Mesa, California, was the seller of the property located on the southeast corner of Scottsdale Road and Ashler Hills Drive in Scottsdale, Arizona.
Aventura Mall combines new digital technology with custom art

Dunkin’ Donuts expands in Virginia and West Virginia

Canton, Mass. – Dunkin’ Donuts is making a big expansion effort in the mid-Atlantic area.

The coffee chain has signed multi-unit store development agreements with seven franchise groups to develop 51 new restaurants in Virginia and West Virginia during the next several years.

The seven franchise groups and their development plans include:
Sneak Peak: Check out CityTarget’s first East Coast store

Photo via Boston Business Journal

Minneapolis – Target Corp. is taking its urban-format to the East Coast.

The retailer will open a CityTarget location in Boston’s Fenway neighborhood on July 22. Boston Business Journal offers a sneak peek at the three-level, 160,000-sq.-ft. store.

Click here.
Natural Grocers to hit store milestone; will open 18 stores in 2015

Scottsdale, Ariz. – Natural Grocers will hit a major milestone in its store network next month. The specialty supermarket chain will open its fifth store in Arizona on Aug. 11 -- making it the company's 100th store nationwide.

The Scottsdale location is one of 18 Natural Grocers stores expected to open in fiscal year 2015.
Strategic Retail Advisors selected as broker for Orange County property

Newport Beach, Calif. -- X Team International announced that partner Strategic Retail Advisors has been selected as a broker for the 81,658 sq. ft. of development surrounding a premium outlet center made up of shops and pads fronting Avenida Vista Hermosa in San Clemente, California.
Venture completes three anchor leases across Texas

Dallas -- X Team International announced that partner Venture Commercial Real Estate completed three retail anchor leases for landlords and tenants, totaling 110,000 sq. ft. across Texas.

Walmart signed a ground lease to build a 42,000-sq.-ft. Walmart Neighborhood Market store at the site of a former Brookshire Brothers at 1030 N. University Drive in Nacogdoches.

Hobby Lobby signed a lease to open a 50,200-sq.-ft. store at 2200 S. Loop 256 in Palestine.
Nordstrom Rack in 2017 opening

Seattle -- Nordstrom remains on the move with its off-price division.
Charming Charlie names industry vet as senior VP of real estate & construction

Houston -- Charming Charlie has appointed Melissa Boughton as senior VP of real estate & construction, where she is spearheading the retailer’s real estate, store planning, construction, facilities and lease administration functions.
Batteries Plus Bulbs sees the omnichannel light

Hartland, Wis. – Battery, lightbulb and smartphone/tablet repair franchise Batteries Plus Bulbs is expanding its omnichannel experience — and that includes its physical store portfolio.

The company has launched a new e-commerce site, with a new and improved infrastructure, that ties its online presence more tightly to its nationwide network of more than 650 stores. And as part of its omnichannel growth strategy, Batteries Plus Bulbs plans to open 50 new locations across the country in 2015.