Klaff Realty, together with JV partners, acquires ShopKo and Pamida for $1.1 billion in a deal led by Sun Capital Partners

Klaff Realty, together with JV partners Acadia Realty Trust (NYSE: AKR), Lubert Adler and Elliot Management invest in ShopKo and Pamida in a deal led by Sun Capital Partners Inc. ShopKo was founded in 1962 in Green Bay by James Ruben. From 1991 until 2005, the company...

Klaff Realty, together with JV partners, acquires Mervyn’s for $1.175 billion

Klaff Realty, LP, in joint venture with Cerberus Capital Management, Inc., Sun Capital Partners, Inc., Lubert Adler Funds, and Acadia Realty Trust (NYSE: AKR) entered into a definitive purchase agreement to acquire Mervyn’s from Target Corporation for $1.175 billion....

Klaff Realty, Acadia Realty Trust and Lubert-Adler form a retailer-focused investment venture

NEW YORK, NY – January 28, 2004 – Acadia Realty Trust (NYSE: AKR) today announced that it has formed a joint venture (the “Venture”) with Klaff Realty, L.P. (“Klaff”) and its long-time capital partner Lubert-Adler Management, Inc. (“Lubert-Adler”) for the purpose of...

Klaff Realty, together with JV partners, awarded the designation rights to Service Merchandise

Klaff Realty, LP in a joint venture with Developers Diversified Realty (NYSE: DDR) and Lubert Adler Funds, has been awarded asset designation rights for all of the retail real estate interests of the bankrupt estate of Service Merchandise Corporation for approximately...

Klaff Realty, together with JV partners, awarded the designation rights to 53 Kmart leases in bankruptcy court

Klaff Realty, LP, in a joint venture with Kimco Realty Corp. (NYSE:KIM) and Schottenstein Stores Corporation acquired the designation rights to 53 real estate leases by Kmart Corp. As part of its Chapter 11 bankruptcy reorganization, Kmart closed 278 stores, but still...