REAL ESTATE

  • Sycamore completes acquisition of Hot Topic

    City of Industry, Calif. -- Private equity outfit Sycamore Partners said Thursday it has completed its previously announced acquisition of Hot Topic, valued at about $600 million and returning the Hot Topic namesake stores and the Torrid banner to the private sector.

    "Hot Topic and Torrid are both leaders in their categories, and we are excited to have both brands as part of our portfolio," said Stefan Kaluzny, managing director of Sycamore Partners.  

     

  • Karate 4 Kids Martial Arts to relocate to Plaza Del Oro

    Tucson -- Lifetime Martial Arts #1 is relocating Karate 4 Kids Martial Arts to Plaza Del Oro Shopping Center. The new location will open in mid-June.

    Commercial Retail Advisors represented the tenant and CBRE represented the shopping center.
     

  • Shopko plans five new Shopko Hometown stores

    Green Bay, Wis. – Shopko intends to open five  stores under its Shopko Hometown banner in Afton, Wyo., St. Peter, Minn., and Winneconne, Ellsworth and Tomahawk, Wis., in late fall of this year.

    The Shopko Hometown format is designed to serve smaller rural communities with the same product assortments available in larger areas and Shopko currently operates more than 180 stores in this format.

  • Canada’s Birks to debut new format

    Montreal -- Canadian jewelery retailer Birks will introduce a new retail concept in the summer of 2013, with new stores opening in DIX30 Complex, Brossard, Quebec, and in the new Mapleview Mall in Burlington, Ontario.

    The new format, developed in collaboration with Sid Lee Architecture, will feature round 1,500 sq. ft. of retail space and be dedicated to jewelry from the Birks Collection.

  • Marcus & Millichap names new associate VP

    Miami -- Marcus & Millichap Real Estate Investment Services has promoted Ronnie Issenberg to associate VP investments.

    Director of the firm’s National Retail Group, Issenberg most recently held the title of senior associate.

     

  • Target’s first round of stores in Canada receives LEED certification

    MISSISSAUGA, Ont. -- Target announced that its first 24 store locations in Ontario (Canada) have been awarded LEED (Leadership in Energy & Environmental Design) certification. As previously announced, the discounter is seeking LEED certification for all 124 stores scheduled to open in Canada this year.

  • Meijer to open two Indiana supercenters

    Grand Rapids, Mich. -- Meijer will open two 190,000-sq.-ft. supercenters in the northern Indiana towns of Portage and Warsaw on June 13. Meijer operates more than 200 stores in the Midwest and will have 32 stores in Indiana. Meijer expects the stores to create more than 500 new jobs.

  • Kite Realty announces new leases at six centers

  • Krispy Kreme refranchises Dallas

    Winston-Salem, N.C. – Krispy Kreme Doughnut Corporation has entered into a letter of intent with an affiliate of Sun Holdings, LLC for the sale of three company-owned shops in Dallas, and for Sun Holdings' further development of the Dallas market. The sale of the stores is subject to conditions, including the execution of a definitive asset purchase agreement and a development agreement pursuant to which Sun Holdings would undertake the further development of new Krispy Kreme shops in Dallas.

  • The Opus Group breaks ground on Glen Ellyn, Ill., center

    Chicago -- The Opus Group has begun construction of a 31,175-sq.-ft. center in Glen Ellyn, Ill., near Chicago. A 20,300-sq.-ft. The Fresh Market will anchor the project.

    The site, a vacated car dealership, will include patio seating and 186 parking spaces.

    The center is 75% leased. In-line tenants include Great Clips and the first Tide Dry Cleaners in the Chicago area.

    Serving the Glen Ellyn and North Wheaton communities, the center is slated to open in late 2013.

     

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