Atlanta — Newk’s Eatery, a Jackson, Mississippi-based fast casual restaurant chain, has signed a new development agreement with franchisee C^2 Investment Partners LLC for six new locations in the Atlanta area.
Sturbrudge, Mass. — Kimco Realty has completed the disposition of The Center at Hobbs Brook, a 230,590-square-foot retail center in Sturbridge.
Westlake, Ohio — New York Life Real Estate Investors has arranged a $48 million refinancing loan for The Promenade at Crocker Park in Westlake, approximately 15 miles southwest of Cleveland.
Jacksonville, Fla. — American Commercial Reality Corp. (ACR) has acquired Highland Square, a 277,000-square-foot shopping center located in Jacksonville.
Rochester, N.Y. — Rochester-based Broadstone Net Lease, a private REIT managed by Broadstone Real Estate, has acquired seven Red Lobster properties located in Arkansas, Indiana, Kentucky, Minnesota, New Mexico and Tennessee.
Beachwood, Ohio — Beachwood-based DDR Corp. has named Thomas August president and CEO.
Lake Jackson, Texas — ALDI is set to open a 23,500-square-foot location in the Houston suburb of Lake Jackson.
MURPHY, TEXAS — Phillips Edison Grocery Center REIT I Inc. has acquired Murphy Marketplace, a 218,598-square-foot, Sprouts-anchored shopping center located in Murphy, a suburb 25 miles northeast of Dallas.
HAZLET, N.J. — CBRE has arranged the sale of Kmart Plaza, a retail center located in Hazlet.
EVANSVILLE, IND. — CBRE has assisted Raben Tire Company Inc. in the sale-leaseback of 19 properties across five states.