The Derbyshire Group, a firm operating commercial real estate properties, completed the acquisition of Smallcakes Cupcakery and Creamery, a provider of a range of gourmet cupcakes. Financial terms were not disclosed. Each Smallcakes store specializes in freshly baked gourmet cupcakes, as well as seasonal and featured flavors presented in a signature pink box. Since opening, Smallcakes has added small batch cupcake-inspired ice cream to the menu, which has proven to be a successful addition for the brand.