Boca Raton, Fla. — The merger agreement between Staples Inc. (NASDAQ: SPLS) and Office Depot Inc. (NASDAQ: ODP) has been terminated. As a result, Office Depot will receive a cash payment from Staples of $250 million on May 19, 2016.
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Cuyahoga Falls, Ohio and Austin, Texas — The Shoppes at Chapel Hill is an 85,229-square-foot shopping center located in Cuyahoga Falls, serving all of the northern Akron and southeast Cleveland suburbs.
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Birmingham, Ala. and Crescent Springs, Ky. – The two centers were refinanced for a combined total of $25.1 million.
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Nashua, N.H. – Whole Foods Market has signed a 20-year lease to anchor the center and will open this summer.
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Altoona, Pa. – According to HFF, Logan Town Centre is the dominant shopping center within a 45-mile radius.
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Chelmsford, Mass. – The transaction was structured with a 10-year term and a 25-year amortization schedule.
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Thousand Oaks, Calif. – The chain’s first Ventura County location will be 2,825 square feet.
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Chesterfield Township, Mich. — Viking plans to add value to the property and sell it once it is stabilized.
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Austin, Texas — Whole Foods Market anchors the fully occupied center.
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New York — The average vacancy rate is down 0.2 percent from the previous quarter.
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