Retail Opportunity Investment Corp. buys Fallbrook Shopping Center
San Diego – Retail Opportunity Investments Corp. has completed the acquisition of Fallbrook Shopping Center, located in West Hills, California. ROIC acquired the property for $210 million in cash funded by a borrowing under its unsecured credit facility.
Fallbrook Shopping Center totals approximately 1.12 million sq. ft. of gross leasable area (762,000 sq. ft. of owned GLA). Fallbrook is currently 98% leased, featuring three supermarkets (Ralph’s, Trader Joe’s and Sprouts) along with a diverse mix of major retailers including WalMart, Home Depot, Target, and Kohl’s.
"We are very pleased to acquire this exceptional property,” said Stuart A. Tanz, president and CEO of ROIC. “Given our market knowledge and relationship with the seller, we successfully sourced, underwrote and closed this off-market transaction in less than 30 days. We look forward to integrating Fallbrook into our portfolio and already have a number of initiatives planned that we believe will enhance value over time."
Raymark releases mobile inventory management tool
Montreal – Raymark is releasing a new mobile retail store operations solution called Mosaic Inventory Management. The new solution complements the suite of Raymark Mosaic retail enterprise applications with tools for end-to-end management and optimization of inventory from a handheld device, including support for iPhone and iPod Touch.
Mosaic Inventory Management provides an omnichannel, real-time, centralized database and a toolset supporting transfers, receiving, physical counts and inventory lookup all from a handheld mobile device, with bar-code scanning from the device’s camera.
“Today’s consumers demand attentive service,” said Marc Chriqui, president of Raymark. “So associates need tools and technology to limit the amount of time they spend on non-selling activities, and maximize the time they have for customer service and selling.”
Accellos releases EDI solution for Microsoft Dynamics AX
Colorado Springs, Colo. – Accellos, a provider of supply chain execution software solutions, has made its EDI solution for Microsoft Dynamics AX compatible with AX 2012 R3. Accellos is a Gold Certified Microsoft Partner and an active member of the Dynamics AX Council.
“There has been a great deal of excitement in the market with the AX 2012 R3 release, which includes considerable new functionality such as warehouse management and transportation management,” said Mike Gross, VP, Accellos EDI Solutions Group. “These new capabilities in AX are critical for distribution-centric companies and are complementary to our EDI solution, which allows our customers to seamlessly integrate with their trading partners.”