REAL ESTATE

Retail Properties of America acquires community center in Tysons Corner
Oak Brook, Ill. -- Retail Properties of America announced that it has closed on the off-market acquisition of a 38,000-sq.-ft. community center located in Tysons Corner, which is in the Washington, D.C./Baltimore corridor.

Recently renovated in 2012, the property is anchored by Golfsmith and shadow-anchored by Best Buy. It is also supported by national fast-causal restaurant offerings including Chipotle, Chick-fil-A and Roti. The property was purchased off-market for approximately $31.6 million.
Domino’s enters Republic of Georgia
Ann Arbor, Mich. - Domino's Pizza has opened in its third new market so far in 2015, as the first Domino's store in the Republic of Georgia opened the capital city of Tbilisi. Domino's Pizza in Georgia is a joint venture between Turkven, Domino's master franchisee in Turkey, and Geo Pizza LLC, led by CEO Tea Shengelia.

Foot Locker to open big in Times Square with 36,000-sq.-ft. flagship

New York -- Himmel + Meringoff and The Swig Company, co-owners of 1460 Broadway, announced that Foot Locker has signed a 15-year lease to occupy the building’s entire 36,000-sq.-ft., four-level retail space which has been designated as 8 Times Square.
WinCo Foods opening 100th store

New York -- Discount supermarket company WinCo Foods LLC will open its 100th store on May 7, in Lewisville, Texas. The 83,000-sq.-ft. location is the fifth WinCo store to open in the Lone Star State.

The new store features WinCo's signature "Wall of Values" at the entry, which displays a wide variety of high-volume, value-priced products.

WinCo currently operates some 100 stores in the states of Washington, Idaho, Nevada, California, Oregon, Arizona, Utah and Texas.
Hibbett Sports opens 1,000th store, in Texas

New York -- Hibbett Sports’ expansion plan hit an important milestone in Sealey, Texas this month, with the opening of its 1,000th store location.
Gander Mountain to open in Marion, Illinois

Marion, Ill. -- Outdoor gear and apparel retailer Gander Mountain is set to open its new location, in Marion, Illinois, on May 7.

The new 52,000-sq.-ft. store is the company’s eighth in Illinois. The exterior and interior layout reflect Gander Mountain's new store design featuring innovative interior elements, displays and fixtures.
Report: Target returns 55 Canada leases

Mississauga, Canada – Target Corp.’s exit from Canada is reportedly not turning out as smoothly as the retailer had hoped. According to the Toronto Globe and Mail, Target is returning 55 leases it could not find a bidder for to their landlords.

Target is also returning 19 leases for office and warehouse space in Canada. The company operated a total of 133 stores in Canada; meaning about 40% of the store leases did not attract bidders.
Sears announces remaining stores in Primark deal

Hoffman Estates, Ill. -- Sears Holdings Corp. announced the two remaining stores involved in its deal with European fashion retailer Primark. (In late 2014, Sears entered into lease agreements with Primark for seven standalone stores in the Northeastern United States.)

The two remaining stores will be located at Burlington Mall in Burlington, Massachusetts; and South Shore Plaza in Braintree, Massachusetts. Sears will continue to have a significant retail presence in both of these malls, which are owned and operated by Simon Property Group, Inc.
COMPANY PROFILES

The participating companies provide industry-leading solutions and services that aid retailers with the challenging task of navigating real estate. Specific areas where and these providers offer help include lease management, store growth and consolidation, portfolio management, strategic analytics.
A&G Realty Partners LLC
Melville, N.Y.
True Religion opens digitally enhanced flagship in Manhattan

Vernon, Calif. -- True Religion Apparel Inc. has opened its first global flagship, at 513 Broadway in downtown Manhattan. The 3,000-sq.-ft. space is the brand’s largest and most digitally-savvy store to date, starting with storefront windows that display a continuous stream of video content. The windows are also able to showcase style statements from shoppers themselves.

Inside the store, digital kiosks and iPads provide product-on-demand by offering the entire True Religion collection through an endless digital aisle.