 |
 |
 |
 |
 |
 |
 |
Shopping Centers Today -> February 2005
 PRINT THIS STORY: |
  CHANGE TEXT SIZE: |
|
IN BRIEF
CVS signs $519 million sale-leaseback deal
In a sale-leaseback transaction, CVS Corp. sold 163 of its stores to a group of investors led by Dallas-based Staubach Capital Partners for $519 million. The deal is the largest of its kind for CVS, which has done more than $2.5 billion in sale-leaseback transactions over the past six years, The stores are located in 22 states. Observers say the Staubach-led buyers might flip the stores to 1031 exchange investors.Ahold sells Bi-Lo, Bruno’s chains for $660 million
Netherlands-based Ahold said it will sell two of its U.S. subsidiaries, Bi-Lo and Bruno’s, to Dallas-based private investor Lone Star Fund for $660 million in cash. Combined, the two chains operate 450 supermarkets, which posted a total $5.4 billion in net sales in 2003. The parties expect to close the deal sometime in the first quarter. Bi-Lo and Bruno’s will retain their separate names, and Dean Cohagan, president and CEO of Bi-Lo, will continue to lead both.Lane Bryant kin launch concept
Michael and Nicholas Kaplan, great-grandsons of Lena Himmelstein Bryant, late namesake of the Lane Bryant retail brand, have launched a concept for plus-size women called Fashion to Figure. They opened a store in October at Palisades Center Mall, West Nyack, N.Y.Shopping Centers Today
 | Current Issue February 2012 |