REAL ESTATE

  • Fountain Mathes I acquires shopping center portfolio

    New York -- Fountain Capital and Cheney & Mathes Properties have announced through their partnership, Fountain Mathes I, that they have acquired a 450,000-sq.-ft. portfolio of retail shopping centers with 16 properties in 10 states. Each center is shadow-anchored by Wal-Mart projects.

    The centers largely contain national credit tenants such as AT&T, Cato, Dollar Tree, GameStop, Hibbett Sports, Payless and Shoe Show. The portfolio is 95% occupied.

  • Dick’s Sporting Goods opening five stores Nov. 8

    Pittsburgh – Dick’s Sporting Goods opens five new stores across the U.S. on Nov. 8. The stores will be located in Dover, Del., Palm Desert, Calif., West Des Moines, Iowa, Sioux Falls, S.D., and Findlay, Ohio.

    Dick’s will operate a total of 554 stores in the U.S. upon opening the five new stores. The Sioux Falls store will be the chain’s first store in South Dakota. This total will include three in Delaware, 32 in California, five in Iowa, and 38 in Ohio.

  • Petco Opens first store in Mexico

    San Diego — Petco has opened its first store in Mexico and announced plans for continued expansion in Mexico and Latin America through a joint venture with Grupo Gigante of Mexico.

    The companies plan to open as many as 50 Petco stores in Mexico and Latin America by 2020.

     

  • Golf Galaxy opens interactive store in Las Vegas Nov. 1

    Pittsburgh - Golf Galaxy plans to open its second retail location in Nevada. The retailer will open a 29,000-plus-sq.-ft. store in Henderson, a Las Vegas suburb, on Nov. 1.

    At the store, offerings include services from PGA professionals and certified in-store club technicians; five hitting bays and an indoor demo range; and an on-site, full-service 42-foot tour van modeled after club manufacturers' on-site PGA Tour vans. The store also features a dedicated women's shop, a driving range, and a three-speed putting green.

  • Kimco to buy 24 New England properties for $270 million

    New Hyde Park, N.Y. — Kimco Realty Corp. has announced a purchase and sale agreement to acquire a 24-property retail portfolio in New England for $270 million, which includes the assumption of $121.5 million of mortgage debt.

    The 1.4-million-sq.-ft. portfolio is 96% occupied. It includes 17 properties in the Boston metropolitan market. Anchor tenants include Whole Foods, Trader Joe’s, Lowes, Kohl’s, Petco, Pier 1 Imports, Aldi Supermarket, CVS and Walgreens.

  • SRS brokers four shopping center sales since August

    Dallas — SRS Real Estate Partners’ southeast investment sales team has closed five retail shopping center sales since August. The transactions total more than $60 million and over 575,000 sq. ft. of retail real estate. Here are the details:

  • Tractor Supply Co. enters Wyoming market in Rawlins

    Brentwood, Tenn. — Tractor Supply Co. has announced the opening of its first store in Wyoming. The new store marks Tractor Supply’s continuing expansion in the Western U.S.

    The new store in Rawlins opened for business on October 19 and will hold a grand opening event on Oct.26. As of Sept. 28, Tractor Supply operated 1,245 stores in 47 states.
     

  • GrowLife to open Santa Rosa store

    Woodland Hills, Calif. — GrowLife has announced the opening of its seventh store in Santa Rosa, Calif., on Oct. 25.

    GrowLife Hydroponics operates in the legal cannabis industry with online and brick-and-mortar stores.

     

  • Petco opens first Mexico store

    San Diego – Petco has opened its first store in Mexico and announced plans for continued expansion in Mexico and Latin America through a previously announced joint venture with Grupo Gigante of Mexico. Together, the companies plan to open as many as 50 Petco stores in Mexico and Latin America by 2020.

  • Krispy Kreme announces grand opening in Doraville, Ga.

    Winston-Salem, N.C. — Krispy Kreme has announced the grand opening of a new Doughnut Factory in Doraville, Ga., for Oct. 29. The first 100 guests in line will receive free doughnuts for a year and commemorative T-shirts. The newly constructed, freestanding 2,300-sq.-ft. store includes a drive-through.

    Today, Krispy Kreme operates more than 785 locations in 22 countries around the world.

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