Dallas-based Cypress Equities announced that Sally Beauty Supply will open a 1,354-sq.-ft. location at Plantation Point Shopping Center, located in Raleigh, N.C.
Charter Realty & Development announced it has leased 15,000 sq. ft. for a five-screen Alamo Drafthouse Cinema in Manhattan.
Divaris Real Estate Inc. announced the following lease transactions were completed for several retail tenants:
X Team, an international alliance of retail real estate advisors, announced that Detroit-based partner Stokas Bieri Real Estate represented Center Management in the purchase of The Promenade at Waterside in Oxford, Mich.
Cencor Realty Services said that Jeff Nebrat has been promoted to senior VP and head of asset and property management for Cencor Realty Services’ Austin office.
Sears Holdings Corp. said that it completed the $270 million sale of 11 full-line Sears store locations to General Growth Properties.
The retail real estate sector posted positive net absorption, a stable vacancy, and a near-stabilization of rent for the first quarter of 2012, according to the latest research from CoStar Group.
Best Buy announced the locations of the 50 stores that it is closing this year, including seven in California, six in Illinois and six in the company’s home state of Minnesota.
Lord & Taylor has opened an 80,000-sq.-ft. store in Ridge Hill center, Westchester, N.Y.
Retailers’ growth plans are running about 5% ahead of year-ago projections, according to ChainLinks Retail Advisors’ Spring 2012 Retailer and Restaurant Expansion Guide.