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Company newsInvestment salesMichiganNew HampshireNews

C&S Wholesale Agrees to Acquire SpartanNash in $1.8 Billion Grocery Merger

by Abby Cox

Keene, N.H. and Grand Rapids, Mich. — C&S Wholesale Grocers, a New Hampshire-based food supplier whose brands include Piggly Wiggly and Grand Union, has agreed to acquire Michigan-based SpartanNash, owner of brands such as Our Family and Full Circle Market, in a merger valued at nearly $1.8 billion. The figure represents a purchase price of $26.90 per share of SpartanNash common stock in cash and includes the assumption of SpartanNash’s existing debt. The price marks a 52.5 percent premium over the company’s closing price of $17.64 per share on June …

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Company newsNewsOhio

Kroger Plans to Close 60 Stores Over Next 18 Months

by Abby Cox

Cincinnati — The Kroger Co. has unveiled plans to close approximately 60 stores over the next 18 months. The closures represent about 5 percent of the Cincinnati-based grocer’s stores. Kroger says it is taking a $100 million impairment charge related to the store closings and is committed to reinvesting the savings back into the customer experience. As a result, Kroger says the closures will not impact its full-year guidance. The retailer will offer roles in other stores to all associates currently employed at affected stores. The grocer operates roughly 1,200 …

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Greenwood Mall
Company newsKentuckyLeasingNews

Centennial to Manage Greenwood Mall in Bowling Green, Kentucky

by Abby Cox

Bowling Green, Ky. — Dallas-based Centennial has been selected to provide management and leasing services for Greenwood Mall, an 851,576-square-foot regional mall in Bowling Green. Greenwood Mall, which is currently in receivership, will remain open and operational throughout the management transition. Greenwood Mall features more than 80 tenants such as Dillard’s, JCPenney, Belk, American Eagle, Bath & Body Works, Hibbett Sports, Victoria’s Secret, Suki Hana Japan, Subway, Sbarro, Auntie Anne’s and Cinnabon, as well as a 12-screen Regal Cinemas movie theater. Centennial currently operates 23 million square feet of mixed-use developments …

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Old Grove Marketplace
CaliforniaCompany newsGrocery-anchoredNews

Vestar to Manage 600,000-Square-Foot Southern California Retail Portfolio

by Abby Cox

California — Vestar has been selected to provide management services for a 600,000-square-foot retail portfolio in Southern California. The portfolio comprises five grocery-anchored shopping centers including Campus Marketplace in San Marcos, The Pavilion at La Quinta in La Quinta, River Oaks Shopping Center in Santa Clarita, Bear Creek Village in Wildomar and Old Grove Marketplace in Oceanside. Vestar will manage the portfolio on behalf of Nuveen Real Estate, who recently acquired the properties. Vestar’s Southern California management portfolio now totals more than 8.5 million square feet.

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Del Taco
Company newsDevelopmentKentuckyNews

Del Taco Signs Five-Unit Franchise Agreement in Louisville, Kentucky

by Abby Cox

Louisville, Ky. — Mexican-American quick-service restaurant chain Del Taco has signed a franchise agreement to open five new units in Louisville. Local restaurant operator Karan Pandher will lead the development and management of all five Del Taco restaurants. The new restaurants will include a refreshed layout and design, featuring dual drive-thru lanes and pickup lockers for orders placed via the Del Taco app or third-party food providers. This franchise agreement marks Del Taco’s entry into Louisville. The exact locations for the new restaurants haven’t been confirmed, but the brand anticipates the …

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Mountain Mike’s Pizza
Company newsLeasingNewsRestaurantsVirginia

Mountain Mike’s Pizza Signs Three-Unit Franchise Agreement in Virginia

by Abby Cox

Irvine, Calif. — Irvine-based Mountain Mike’s Pizza has signed a franchise agreement to open three new locations in Northern Virginia, marking the chain’s introduction to the state. Following its 10-unit development deal in Florida, this agreement brings Mountain Mike’s Pizza to 13 total units slated for the East Coast. The new Virginia restaurants will be developed by local franchisee Niraj Hemrajani, a multi-brand operator with a portfolio of established restaurant concepts including Cold Stone Creamery, Popeyes and Subway.   The fast-casual pizza concept currently operates restaurants in Arizona, California, Colorado, …

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Hartford Mall
Company newsDevelopmentMarylandNews

SJC Ventures Unveils Plans for $100 Million Transformation of Harford Mall Site in Metro Baltimore

by Abby Cox

Bel Air, Md. — SJC Ventures has unveiled plans for a $100 million transformation of the Harford Mall site located in Bel Air, roughly 23 miles north of Baltimore. Upon approval by the Bel Air Economic and Community Development Commission, the redevelopment project will feature 48,000 square feet of retail, restaurants and amenities that will replace a former Macy’s store, as well as a 35,000-square-foot grocery store. SJC also plans to incorporate pedestrian walkways for enhanced connectivity, pocket parks and open gathering spaces. CBL Properties owns Harford Mall, which originally opened …

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Foot Locker
Company newsNew YorkNewsPennsylvania

DICK’S Sporting Goods to Acquire Foot Locker for $2.4 Billion, Keep Brand Intact

by Abby Cox

Pittsburgh and New York City — DICK’S Sporting Goods Inc. has entered into a definitive merger agreement with footwear and apparel retailer Foot Locker Inc. Under the agreement, sporting goods retailer DICK’S will acquire Foot Locker for an equity value of roughly $2.4 billion and an enterprise value of $2.5 billion.  Foot Locker operates approximately 2,400 retail stores across 20 countries in North America, Europe, Asia, Australia and New Zealand. Foot Locker’s portfolio of brands also includes Kids Foot Locker, Champs Sports, WSS and atmos.  DICK’S plans to operate Foot …

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Wayfair
Company newsDevelopmentLeasingNew YorkNews

Wayfair to Open 114,000-Square-Foot Store in Metro New York

by Abby Cox

Yonkers, N.Y. — Online retailer Wayfair will open a 114,000-square-foot store in the New York City suburb of Yonkers. Located within Ridge Hill, a 1.3 million-square-foot mixed-use development, the Yonkers store marks Wayfair’s third large-format location, which is scheduled to open in early 2027. Wayfair’s first physical retail store opened in May 2024 in Wilmette, Illinois, while its second location in Atlanta will open in 2026. Adam Schwegman and Morgan Liesenfelt of Jamestown led lease negotiations in the transaction. A joint venture between Jamestown, Nuveen Real Estate and Taconic Partners …

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Goodyear Civic Square
ArizonaCompany newsLeasingNews

Red Development, Globe Corp. Welcomes Three New Tenants to Goodyear Civic Square

by Abby Cox

Goodyear, Ariz. — A partnership between Red Development and Globe Corp. has signed three new tenants to Goodyear Civic Square (GSQ), its 150-acre mixed-use development located in the Phoenix suburb of Goodyear. Trader Joe’s will open a 13,500-square-foot store — the first in Goodyear — while Black Rock Coffee Bar will open a 1,460-square-foot drive-thru coffee shop. Additionally, Firebirds Wood Fired Grill will open a 5,658-square-foot standalone building that also houses a 700-square-foot outdoor patio. All new tenants are scheduled to open in 2026. The first phase of GSQ features …

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