Mid-America brokers sale of St. Louis center
St. Louis — Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of the 112,300-sq.-ft. South Oaks Plaza located in St. Louis for $9.5 million to Phillips Edison-ARC Shopping Center REIT Inc. Shop’n Save, Walgreens and Michaels anchor the center.
and Pace Properties represented the seller, a private St. Louis based investment group.
OfficeMax unveils new store format in Chicago
Naperville, Ill. — OfficeMax Inc. has opened a new Business Solutions Center store format in Chicago’s Streeterville neighborhood.
The new 3,900-sq.-ft. concept store provides a portfolio of services and solutions including marketing support, website design, document, IT, cloud storage and shipping services. Merchandising includes an in-store online kiosk where products can be purchased and shipped directly to customers.
iPic Entertainment announces Delray Beach project
New York — iPic-Gold Class Entertainment has announced that it will develop a mixed-use entertainment, office and retail project in Delray Beach, Fla.
Expected to open in 2015, the project includes a 529-seat eight-screen theater. iPic said the project would create more than 400 jobs and attract more than 400,000 visitors annually to downtown Delray Beach. The company currently operates nine theaters with 67 screens in Arizona, California, Florida, Illinois, Texas, Washington and Wisconsin.