Jones Lang LaSalle brokers sales of Bethesda Walk
Atlanta — Jones Lang LaSalle’s Capital Markets announced that the firm has closed the sale of Bethesda Walk in the Lawrenceville suburb of Atlanta, on behalf of DLC Management Corp., Tarrytown, N.Y.
Solon Mack Real Estate purchased the 68,271-sq.-ft. shopping center, which is anchored by a 44,271-sq.-ft. Walmart Neighborhood Market that opened in mid-2012.
Terms of the deal were not disclosed.
Mid-America signs 68,000+ sq. ft. of home furnishings stores in Illinois
Oakbrook Terrace, Ill. — Mid-America Asset Management said it has signed three furniture/home décor stores to retail locations in Chicago’s suburbs of Oak Brook and McHenry as well as downstate in Bloomington, Ill.
Ashley Furniture signed a lease for 31,573 sq. ft. at Colonial Plaza in Bloomington, Ill., with plans to open in spring 2013. Ashley Furniture will co-anchor the 236,460-sq.-ft. center along with Kmart and OfficeMax.
Chicagoland furniture chain The Room Place signed a lease for 23,800 sq. ft. at a free-standing former Border’s store in McHenry, Ill, with plans to open in summer 2013.
Pier 1 Imports signed a lease for 12,996 sq. ft. at The Shops at Oak Brook Place in Oak Brook, Ill., with plans to open in September 2013. The 177,206-sq.-ft. center is anchored by Old Navy, T.J. Maxx, DSW, Nordstrom Rack and Cost Plus.
Family Dollar names merchandise head
MATTHEWS, N.C. — Family Dollar Stores has named Scott Zucker to the newly created position of SVP merchandise operations. Zucker will be responsible for driving the strategy and execution of merchandise initiatives, category management, merchandise planning and replenishment. In his new role, he will report to Michael Bloom, president and COO.
"Meeting the needs of our customers and team members is critical to our mission of being a compelling place to shop and work. This new alignment will allow for improved execution, simplified operational processes, inventory optimization and faster strategic decision-making,” said Bloom. “Scott brings a wealth of leadership and experience in merchandising, supply chain planning and information technology, all of which will provide tremendous support of our long-term strategic goals.”
Zucker joined Family Dollar in 2006 as divisional VP pricing. In 2007 he was promoted to VP merchandise operations, and most recently, Zucker served as VP IT Solutions.
Prior to joining Family Dollar, Zucker was with BearingPoint Consulting where he had the opportunity to work with a number of large retail organizations. After graduating from Davidson College, he started his retail career with Belk. He earned his MBA from the University of North Carolina at Charlotte in 1997.