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Northbrook, Ill.-based Hilco Organization has formed Hilco Retail Acquisitions, LLC. Headed by Michael Lynch, onetime CEO of Kmart Canada, the company will seek to acquire small and mid-sized retail firms witt multiple store locations in North America.
Sydney-based Westfield Group acquired a 75 percent interest in Stratford City development in east London for approximately $255 million. The land, approved for a 13-million-square-foot mixed-use project, is located adjacent to the site of the 2012 Olympic Games. Retail will comprise 2 million square feet of the development. The purchase gives Westfield full control of the site.
Toronto-based Primaris Retail REIT agreed to acquire a shopping center portfolio for $114.3 million. The portfolio, totaling 704,605 square feet, includes Alliston Mills Shopping Centre in Alliston, ON, Forest Gler Shopping Centre in Kitchener, ON, South Cambridge Centre in Cambridge, ON and Sugar Loaf Mall in Campbellton, NB.
Inland Bancorp Holding Company...