Deerfield, Ill. and Camp Hill, Pa. — Walgreens Boots Alliance (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) have agreed to sell 865 Rite Aid stores and some assets related to store operations to Fred’s (NASDAQ: FRED) for $950 million in an all-cash transaction.
Chicago — Chicago-based GGP has promoted Shobi Khan to president and COO.
San Diego, Calif. — San Diego-based OliverMcMillan has named Michael O’Hanlon COO and promoted two executives.
Jacksonville, Fla. — Jacksonville-based Regency Centers Corp. (NYSE: REG) has agreed to acquire Equity One Inc. (NYSE: EQY), creating one of the largest shopping center REITs in the U.S.
Peoria, Ill. — Peoria-based Cullinan Properties has announced a new mixed-use development and promotions.
Springfield, Mo. and Sidney, Neb. — Bass Pro Shops has agreed to acquire Cabela’s Inc. (NYSE: CAB) for $5.5 billion, or $65.50 per share of CAB stock.
New York City — American Finance Trust Inc. (AFIN) has acquired all of the outstanding common stock of American Realty Capital – Retail Centers of America Inc. (RCA) for approximately $1.4 billion, including the assumption or repayment of $432 million in debt.
Boca Raton, Fla. — Boca Raton, Fla.-based Office Depot Inc. (NASDAQ: ODP) announced Wednesday that the company plans to close an additional 300 stores over the next three years in an attempt to cut $250 million in costs by 2018.
Sunbury, Pa. — Weis Markets Inc., a Mid-Atlantic grocery retailer, has reached an agreement with Food Lion LLC to purchase 38 Food Lion supermarket locations in Maryland, Virginia and Delaware.
Beachwood, Ohio — Beachwood-based DDR Corp. has named Thomas August president and CEO.
