Content about Bank of America

March 25, 2013
Jones Lang LaSalle brokers sales of Bethesda Walk

Jones Lang LaSalle’s Capital Markets announced that the firm has closed the sale of Bethesda Walk in the Lawrenceville suburb of Atlanta, on behalf of DLC Management Corp., Tarrytown, N.Y.

Atlanta -- Jones Lang LaSalle’s Capital Markets announced that the firm has closed the sale of Bethesda Walk in the Lawrenceville suburb of Atlanta, on behalf of DLC Management Corp., Tarrytown, N.Y.

Solon Mack Real Estate purchased the 68,271-sq.-ft. shopping center, which is anchored by a 44,271-sq.-ft. Walmart Neighborhood Market that opened in mid-2012.

Terms of the deal were not disclosed.

 

August 8, 2012
Bank of America Merchants implement First Data solution

First Data Corp. announced that Bank of America Merchant Services will offer the First Data OfferWise solution to all eligible merchants’ 650,000 U.S. locations through 2Go Media’s iDeals Marketing Platform.

Atlanta -- First Data Corp. announced that Bank of America Merchant Services will offer the First Data OfferWise solution to all eligible merchants’ 650,000 U.S. locations through 2Go Media’s iDeals Marketing Platform.

November 2, 2011
Citi Trends secures new credit facility

Citi Trends said it has secured a new, five-year, $50 million credit facility through Bank of America to replace its prior $20 million credit facility.

Savannah, Ga. -- Citi Trends said Wednesday it has secured a new, five-year, $50 million credit facility through Bank of America to replace its prior $20 million credit facility.

The new facility includes a $25 million uncommitted “accordion” feature that under certain circumstances could allow the company to increase the size of the facility to $75 million.
 

November 1, 2011
RILA responds to Bank of America decision to abandon debit fee charge

The Retail Industry Leaders Association on Tuesday issued a statement in response to Bank of America’s decision to abandon its plan to charge new fees on debit card users.

Arlington, Va. -- The Retail Industry Leaders Association on Tuesday issued a statement in response to Bank of America’s decision to abandon its plan to charge new fees on debit card users.

July 25, 2011
Donahue Schriber completes $1.2 billion recapitalization

Costa Mesa, Calif.-based shopping center developer Donahue Schriber announced it has successfully completed the final piece of a $1.2 billion balance sheet recapitalization.

Costa Mesa, Calif. -- Costa Mesa, Calif.-based shopping center developer Donahue Schriber announced it has successfully completed the final piece of a $1.2 billion balance sheet recapitalization.

The recapitalization occurred through several transactions.  The final piece was a $365 million refinance with a bank syndicate led by Bank of America and also included Wells Fargo Bank, U.S. Bank, PNC Bank, Union Bank and City National Bank. 

June 20, 2011
Chipotle to open at Bloomingdale Square

Jacksonville, Fla.-based Regency Centers said it has leased restaurant space in Brandon, Fla., at Bloomingdale Square to Chipotle Mexican Grill.

Brandon, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space in Brandon, Fla., at Bloomingdale Square to Chipotle Mexican Grill.

Chipotle has leased 2,650 sq. ft., bringing the center to 96% leased. The tenant is slated to open for business in fall 2011.

The 267,736-sq.-ft. shopping center is anchored by a Walmart, Bealls and Publix Super Market alongside national retailers such as Dollar Tree, Hallmark, RadioShack and Bank of America.
 

April 7, 2011
Gap announces new $500 million credit facility

Gap has entered into a new $500 million revolving credit facility with a syndicate of banks led by BofA Merrill Lynch, J.P. Morgan and Citigroup Global Markets.

San Francisco -- Gap has entered into a new $500 million revolving credit facility with a syndicate of banks led by BofA Merrill Lynch, J.P. Morgan and Citigroup Global Markets. The new financing matures in 2016 and replaces the company’s existing $500 million revolving credit facility. As part of the same financing agreement, the company also entered into a $400 million five-year term loan.

March 10, 2011
Wal-Mart plans to add hundreds of smaller stores in next three years

Wal-Mart Stores, in a presentation at a Bank of America Merrill Lynch conference on Thursday, announced that it would open “hundreds” of smaller-format stores over the next three years.

Bentonville, Ark. -- Wal-Mart Stores, in a presentation at a Bank of America Merrill Lynch conference on Thursday, announced that it would open “hundreds” of smaller-format stores over the next three years.

According to Bill Simon, president and CEO of Wal-Mart U.S., the ramped-up development could be augmented by some acquisition activity, although he didn’t elaborate on specifics.

February 23, 2011
Fameco named leasing agent for Plaza Square

Fameco Real Estate, LP, said it has been named exclusive leasing agent for Plaza Square, located in Wayne, N.J.

Wayne, N.J. -- Fameco Real Estate, LP, said it has been named exclusive leasing agent for Plaza Square, located in Wayne, N.J.

Owned by Regency Centers, Plaza Square is a 103,842-sq.-ft. shopping center anchored by Shop Rite, and also tenanted by Bank of America and Wendy’s. 

January 14, 2011
Pet Supermarket to open at Bloomingdale Square

Jacksonville, Fla.-based Regency Centers said it has leased retail space in Brandon, Fla., at Bloomingdale Square to Pet Supermarket.

Brandon, Fla. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Brandon, Fla., at Bloomingdale Square to Pet Supermarket.     

Pet Supermarket has leased 9,000 sq. ft., bringing the center to 96% leased. The pet supply retailer is slated to open in first quarter 2011.

The 267,736-sq.-ft. shopping center is anchored by a 92,681-sq.-ft. Wal-Mart, Bealls and Publix, plus other retailers such as Dollar Tree, Hallmark, RadioShack and Bank of America.

November 18, 2010
LEED for Retail and LEED Volume Program make their official debuts

The U.S. Green Building Council (USGBC) on Thursday launched two, long-awaited green building programs: LEED for Retail, and the LEED Volume Program.

Chicago -- The U.S. Green Building Council (USGBC) on Thursday launched two, long-awaited green building programs: LEED for Retail, and the LEED Volume Program (usgbc.org/leed/retail).

September 6, 2010
Report: American Apparel in talks to hire restructuring firm

American Apparel has been pressed by its banking facility to bring in an outside restructuring...

May 10, 2010
Zale strengthens on newly closed loan

Zale Corp. said late Monday it has closed on a new $150 million, five-year senior...

January 14, 2010
Wells Fargo Capital Finance hires managing director retail finance

Wells Fargo Capital Finance, part of Wells Fargo & Co., has hired Keith Vercauteren as...

September 16, 2008
Kohl's Reopens Stores After Hurricane Ike

A Kohl's Corp. executive said Tuesday that eight of its 22 stores in Texas that...

June 30, 2008
Bankruptcy Blues

Chapter 11 doesn’t have to be the final chapter in a retailer’s story. For...

April 20, 2008
Bank of America Won’t Renew Sears Credit Agreement

Sears Holdings Corp said in a filing with the Securities and Exchange Commission on Friday...

April 16, 2008
Talbots Loses Credit Line at Two Banks

The Talbots Co. disclosed in a filing with the Securities and Exchange Commission late Tuesday...

March 31, 2008
Staples Obtains Financing to Buy Corporate Express

Staples announced it has obtained a $3 billion credit agreement to finance its previously announced...

March 12, 2008
Safeway to focus on 'Everyday Values'

Safeway Inc. president and CEO Steve Burd said his company will rely more on providing...

February 29, 2008
Bank of America Builds to Highest LEED Standard

Bank of America has opened its most environmentally responsible bank branch to date, in...

November 30, 2007
Cash Cow for Chick-fil-A

Bank of America, Charlotte, N.C., announced that Atlanta-based Chick-fil-A is piloting a cash-management technology that...

September 16, 2007
Dick's Sporting Goods Expects Store Growth

New York City, ...

September 16, 2007
Report: Kohl's Focuses on 'Total Store' Shoppers

New York City, ...

August 30, 2007
Integrating Financial And Physical Supply Chains

Successful supply chain execution depends upon the efficient flow of information, product and payment. A...