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CHICAGO-The second-largest US retail REIT buys 100% of the 1.2-million-sf Four Seasons Town Centre in Greensboro, NC as well as the 50% interest in the 1.4-million-sf Town East Mall in Mesquite, TX that it did not own.

GARLAND, TX-The first 750,000 sf of a one-million-sf development jumps off the drawing board after nearly eight years. The 94-acre Firewheel Town Center launches with retail pre-leasing above 75% and an office team ready to hit the streets next week.

BOULDER, CO-Macerich Co. subsidiary Westcor Development is taking down the Crossroads Mall, converting the enclosed retail center on 62 acres into Twenty Ninth Street, an open-air mall.

NATICK, MA-Heart Rhythm Society Inc. sells 6 Strathmore Rd. to WGFF LP for $2.3 million in a sale-leaseback transaction. The 20,311-sf building, located right off Route 9 in the Natick Business Center, is fully occupied by the society, an international advocacy group, and American Cancer Society Inc.

JACKSONVILLE, FL-St. Johns Phase 1 LLC, the Delaware-based developer of the 28-story, 250-unit Downtown apartment tower, plans a 37-story, 234-unit condominium community in the second phase of a three-phase multi-million-dollar redevelopment in the St. Johns River area of the central business district here.

BOULDER, CO-Twenty Ninth Street will transform the mostly vacant Crossroads Mall into an open-air retail, entertainment, restaurant and office district. Century Theatres and Wild Oats Market sign on as anchors.

ST. LOUIS-The May Department Stores Co. prices a private placement of $2.2 billion of securities in the long-term public debt markets to partially fund its acquisition of the Marshall Field's department store group and nine Mervyn's stores.

BOSTON-Circles leases 22,885 sf at 300 A Street and becomes the newly redeveloped building's first tenant. The 112,000-sf Class A property is located in Fort Point Channel near South Station, Logan Airport and Routes 90 and 93.