Retail

SANTA CLARITA, CA-An Encino, CA-based investor, acquires the 220,000-sf shopping center from Forest Family Partners, also of Encino. The plaza, boasting a roster of national retail names, was 98% leased at sale time.

FORT WORTH-The Hispanic retail community delivers two tenants for the Fort Worth Town Center, bought a year ago for a repositioning play. A closed club will reopen as an OK Corral while a shuttered theater's lights are flicked by what could be a new chain.

ORLANDO-The 84-year-old frozen food magnate is selling one of the two parcels for $1 million per acre or $22.96 per sf. Colonial Properties Trust and CNL Financial Group Inc. are interested, area brokers tell GlobeSt.com.

PHILADELPHIA-By Memorial Day, the rapidly expanding warehouse grocer will open in the space at the strip center in Phoenixville, PA that was vacated last March by the Ames department store chain. Plymouth Meeting, PA-based Kramont Realty Trust recently renovated the 177,000-sf property.

ATLANTA-The deal for the 14-building, 300,000-sf, 88%-leased property on Hammond Drive is expected to close this quarter, area brokers tell GlobeSt.com. The estimated price is $15 million, or about $50 per sf.

COLUMBIA, MD-The Plaza at The Mall in Columbia prepares to welcome a new tenant as AMC Entertainment Inc. commits to opening a new theater in the retail center. The 14-screen, state-of-the-art movie complex is expected to make its debut later this year.

SOUTHFIELD, MI-Ramco-Gershenson Properties Trust acquires 75% equity interest in 342,000-sf East Town Plaza near an I-90 interchange in Madison, WI. The REIT's purchase was made with preferred stock offering money.

TACOMA, WA-The Ted Brown Music and Thea's Landing projects receive federal tax incentives from the Washington State Department of Community, Trade and Economic Development. Tacoma is the only place in the region to receive a special designation allowing for such credits.