REAL ESTATE

  • Target to open 20 more Canadian stores

    Mississauga, Ont. -- Target plans to open the doors to an additional 20 stores in Canada between July 16 and July 30. The stores will be located in in British Columbia, Alberta, Saskatchewan and Ontario
     
    The openings mark Target’s first openings in Saskatchewan and follow the unveiling of 48 stores across Canada earlier this year. The new 20 locations officially push Target past the halfway mark for store openings this year. The retailer plans to open 124 stores across Canada throughout 2013.

     

  • Australia’s Seafolly to make U.S. retail debut

    New York -- Australian swimwear brand Seafolly will open its first U.S. freestanding store in October, Women’s Wear Daily reported.

    The company will open a 1,800-sq.-ft. location in Fashion Island mall, in Newport Beach, Calif. Seafolly has been selling its goods at select stores in the United States for about five years. It also does an exclusive line for Nordstrom, the report said.

     

  • Natural Grocers opens Omaha store

    Denver -- Natural Grocers has opened its third Nebraska store in central Omaha, Neb. It is the second Omaha store and the 89th store in the organic grocery chain.

    The family-run chain, which went public in 2012, has locations across Colorado, Texas, Utah, Wyoming, Oklahoma, Missouri, New Mexico, Montana, Kansas, Idaho, Nebraska, Arizona and Oregon.

     

  • Sold: Danada Square East in Chicago MSA

    Oakbrook Terrace, Ill. -- Mid-America Real Estate Corp. has brokered the sale of Danada Square East, a 202,036-sq.-ft. grocery anchored shopping center in the Chicago suburb of Wheaton, Ill. Dominick’s anchors the center.

    Newport Capital Fund I purchased the property for $31,625,000 from CBRE Global Investors.

     

  • Z Capital Partners acquires Famous Brands

    Broomfield, Colo. -- The largest shareholder of Famous Brands, Z Capital Partners, a private equity firm, has acquired the remaining minority ownership stake in the company from The Carlyle Group.

    Famous Brands is the parent company of TCBY Yogurt and Mrs. Fields Cookies.

     

  • Phillips Edison-ARC acquires Corvallis, Ore., center

    Cincinnati, Ohio -- Phillips Edison-ARC Shopping Center REIT Inc. has announced the acquisition of Sunset Center, a 164,797-sq.-ft. shopping center anchored by a 54,971-sq.-ft. Safeway.

    The acquisition brings the Phillips Edison-ARC portfolio to 41 properties in 16 states with an aggregate purchase price of approximately $518.5 million.

     

  • RadioShack brings on new VP – communications

    Fort Worth, Texas -- RadioShack Corp. has announced the appointment of Merianne Roth to the new post of VP – communications. She will manage the company’s corporate communications, community relations, internal communications and event marketing.

    Roth comes to RadioShack from the Fort Worth Convention and Visitors Bureau, where she served as VP, marketing and communications. Her experience includes marketing and communications posts with J.C. Penney and Pier 1 Imports.

     

  • Stater Bros. will acquire Moreno Valley Albertsons

    San Bernardino, Calif. -- Stater Bros. has announced an agreement to purchase the recently closed Albertsons in Moreno Valley, Calif.

    The 43,670-sq.-ft. supermarket will be the fourth location for Stater Bros. in Moreno Valley.
     

  • RadioShack opens next generation store in Manhattan

    New York -- RadioShack Corporation has opened the first of the next generation of stores scheduled to roll out across the country and around the world over the next several months.

  • OfficeMax to make Chicago debut with new concept store

    Naperville, Ill. – OfficeMax has signed a lease agreement to open the first of its business solutions center concept stores in Chicago. The 3,900-sq.-ft. store, located in a currently unoccupied space at 550 St. Clair Street in the Streeterville neighborhood, will open later this summer and cater to the needs of business customers.

    Special services for business customers will include enhanced technology support, marketing, document and shipping services, and expert associates.

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