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REAL ESTATE

  • ShopKo announces five new Hometown format stores

    Green Bay, Wis. -- Shopko continues on its growth path with the opening of five new Shopko Hometown stores in November. The new stores are located in: Afton, Wyo.; Ellsworth, Wis.; St. Peter, Minn.; Tomahawk, Wis., and Winneconne, Wis.

  • Ridemakerz to open in-store shop at FAO Schwarz

    Falls Church, Va. -- Ridemakerz, the build-a-car retailer, will open a 1,300-sq.-ft. in-store shop at FAO Schwarz Fifth Avenue, on Nov. 11. A highlight of the space will be the Ridemakerz “build table” where customers can assemble their cars, attaching the body of the car to the chassis and adding custom rims and tires.

  • ARCP acquires Cole for $11.2B

    New York -- American Realty Capital Properties has acquired Cole Real Estate Investments for $11.2 billion, creating the world’s largest net lease real estate investment trust, with an enterprise value of $21.5 billion.

    ARCP has secured $2.75 billion in fully committed financing from Barclays. The loan is expected to close in the first half of next year.

    Updated ARCP pro forma 2014 guidance indicates that adjusted funds from operations will move from $1.13 to $1.19 per share, compared with 2013 guidance of $0.91 to $0.95 per share.

  • 99¢ Only opens Dallas/Fort Worth store

    City of Commerce, Calif. — 99¢ Only Stores has leased 18,728 sq. ft. in Fairmeadows Shopping Center on East Camp Wisdom Road in the Dallas/Fort Worth area. The Fairmeadows tenant line-up includes Dollar

    General, Popeye’s, Firestone and Dental Republic. The Weitzman Group, the exclusive leasing agent for the center, handled negotiations for the landlord.

  • Mama’s Hawaiian Bar-B-Cue to Cortaro Plaza

    Tucson, Ariz. — Mama’s Hawaiian Bar-B-Cue has signed a lease for a 2,000-sq.-ft. restaurant in Cortaro Plaza in Tucson, Ariz. The new location, the third for the young chain, is expected to open in mid-January 2014. The first two locations are near the University of Arizona and in Sahuarita, Ariz., a Tucson suburb.

    Commercial Retail Advisors represented both the landlord, Cortaro Investments and the tenant, Mama’s Family Restaurants in the lease transaction.

  • Dick’s Sporting Goods opens three new stores, one remodeled store Nov. 8

    Pittsburgh – Dick’s Sporting Goods will open three new stores and one remodeled store on Nov. 8. The new stores will be located at Newport Pavilion in Newport, Ky., Bartonsville Square in Stroudsburg, Pa., and South County Mall in South County, Mo.

    Dick’s will also open its newly remodeled store in Saratoga Springs, NY on Sunday, Nov. 10.

    The new stores will mark Dick’s 10th store in Kentucky, 37th store in Pennsylvania, and 13th store in Missouri. Dick’s will operate 555 stores in the U.S. as of Nov. 10.

  • TJMaxx to Brass Mill Commons in Waterbury, Conn.

    New York -- TJMaxx has signed a lease at the Brass Mill Commons in Waterbury, Conn., according to Charter Realty and Development, TJMaxx’s representative in the negotiations.

    The new TJ Maxx store will be 22,889 sq. ft. and the 26th deal that Charter has leased to TJX. TJMaxx is a division of TJX, which also owns Marshall’s and HomeGoods.

  • Marshalls opens in Washington, D.C.

    Washington, D.C. —Marshall’s has opened its second Washington, D.C. store. According to the Washington, D.C., Economic Partnership, the 28,925-sq.-ft. store is located at the National Press Building at 14th and F Streets downtown. Marshall’s is planning a third location for the Shops at Dakota Crossing in the city’s northeastern quadrant.

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