DEALS

Checkers Drive-In Restaurants is looking to ramp up its expansion.

Two years ago, Turnbridge Equities and Denali Partners purchased Cary Towne Center in Cary, N.C., for $31 million with plans to tear down the mall that had lost its Sears, Macy’s, and J.C. Penney’s and replace it with a mixed-use town center. 

PREIT has finished restructuring with its final lender and exited Chapter 11.

The merger of two of the nation’s biggest mall owners that was announced in February and hit several snags throughout the year is finally a deal.

Two Westfield veterans who then went on to lead CBRE’s retail division will now run the retail unit at Madison Marquette. 

The high-end rug merchant Safavieh has purchased the Stamford Town Center mall in Stamford, Conn., from Taubman for $20.15 million.

Acquiring and disposing of shopping centers became more complicated with changes in business caused by COVID-19.

A&G Real Estate Partners is marketing leases for 163 recently closed Pizza Hut sites in 26 states.