Charlottesville, Orange and Harrisonburg, Va. — Pizza Hut will open three new restaurants in Charlottesville, Orange and Harrisonburg over the next year.
Meriden, Conn. — Urstadt Biddle Properties Inc. has sold Townline Square Shopping Center, a 315,000-square-foot retail center in Meriden, for $44.5 million.
Brockton, Mass. — Marcus & Millichap has arranged the $18.7 million sale of a 65,425-square-foot Stop & Shop located in Brockton.
Baltimore — Baltimore-based DDG has named Tony Van Vliet as president and CEO after the passing of former CEO Ahsin Rasheed.
Matthews, N.C. — Ziff Properties Inc. has acquired Matthews Festival Shopping Center, a 127,817-square-foot retail center located in Matthews, for $8.1 million.
Charlotte, N.C. — Charlotte-based Belk, Inc., the nation’s largest family owned and operated fashion department store company, has entered into a definitive merger agreement whereby investment funds managed by New York-based private equity firm Sycamore Partners will acquire 100 percent of Belk in a $3 billion transaction.
Wayland, Mass. — Zurich Asset Management has acquired Wayland Town Center, a mixed-use retail center in Wayland, from a joint venture between KGI Properties and J.P. Morgan Asset Management for $68 million.
Fort Worth, Texas — Kite Realty Group Trust has acquired Chapel Hill Shopping Center, a 191,000-square-foot power center located in Fort Worth.
Waltham and North Andover, Mass. — Holliday Fenoglio Fowler (HFF) has secured $35.23 million in combined financing for Main Street Marketplace, a 44,461-square-foot retail center located in Waltham, and Eaglewood Shops, a 77,558-square-foot retail center located in North Andover.
Virginia Beach, Va. — Virginia Beach-based Wheeler Real Estate Investment Trust Inc. has acquired a portfolio of three grocery-anchored properties in North Carolina for $15.3 million.