Retail

SECAUCUS, N.J. — Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for Chapter 11 bankruptcy protection in Delaware. The retailer plans to liquidate the two chains by the end of the year, citing increased competition in the off-price retail industry. The Secaucus, N.J.-based company operates 46 stores under its Syms and Filene's Basement banners, which are located mostly in the eastern U.S. Syms and Filene's basement are seeking court approval for Cushman & Wakefield to assist in the sale of company-owned real estate. The liquidation is expected to run through January.

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WEST CHESTER, OHIO — Liberty Towne Center, a 22,798-square-foot shopping center in West Chester, Ohio, has sold for $1.3 million. Located at 7206-7240 Towne Center Dr., the center was 60 percent occupied at the time of sale. Rob Taylor and Mike Sullivan of Cassidy Turley's Ohio office represented the seller, Dawn BV LLC. The buyer was a local family trust.

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CORAL SPRINGS, FLA. — The 21,200-square-foot Brookside Square, a Publix-shadow anchored retail property located at 10611 Wiles Rd. in Coral Springs, has sold for $2.42 million. Barry Wolfe of Marcus & Millichap's Fort Lauderdale, Fla., office represented the seller, an individual/personal trust, in the transaction and procured the buyer, a limited liability company.

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GASTONIA, N.C. — Calkain Cos. has arranged the $2.3 million sale of a 10,900-square-foot retail property, located in Gastonia. Andrew Fallon of Calkain Cos.' Bethesda, Md., office represented the buyer, a mid-Atlantic real estate investor, in the transaction. Simon Jonna and Raymond Jonna of Marcus & Millichap represented the seller. The property is leased to Rite Aid under a long-term, triple net lease.

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DALLAS — Venture Commercial, a Dallas-based retail brokerage service, has arranged leases for three Northern Tool + Equipment locations in the Midwest. The leases, which range between 15,000 and 16,000 square feet, are located at 4661 Associated Ct. in Appleton, Wis.; Oak Park Commons in Lenexa, Kan.; and 2601 South Louise Ave. in Sioux Falls S.D. Clay Mote of Venture Commercial and a partner of X Team International represented the retailer in Sioux Falls and the landlord, HOM Furniture, was self-represented. In Lenexa, Mote and Tom O' Leary of Lane4 Property Group represented the retailer, while the landlord was represented by David Bayer of KC Commercial. Mote also represented the retailer in the Appleton deal, while the landlord was represented by Nick Tice and Thomas Hagedorn of Commercial Property Associates. Northern Tool + Equipment also signed additional leases in Oklahoma and Florida. The retailer signed 10-year leases in all locations.

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NORTH ATTLEBORO, MASS. —The new Nissan Village car dealership in North Attleboro, Mass. will open Nov. 7. The 33,000-square-foot, two-story building includes a showroom, sales offices and a service department with 19 service bays. The dealership building was designed by Brockton, Mass.-based BKA Architects and Rumford, R.I.-based New England Construction was the general contractor for the project.

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