Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. II
January 16, 2009
Supermarkets Expand Nationwide Smart & Final operates 282 locations throughout AZ, CA, ID, NV, OR and WA and throughout Mexico. The stores, featuring grocery items and restaurant supplies, occupy spaces of 30,000 sq.ft. in freestanding locations, power and strip centers and urban/downtown areas. Growth opportunities are sought throughout the San Gabriel Valley in CA during the coming 18 months, with representation by Retail Net Lease Properties. The company prefers to locate in areas with high daytime populations and daily traffic counts above 30,000 vehicles. For more information, contact Kevin Barry, Retail Net Lease Properties, 360 North Sepulveda Boulevard, Suite 1020, El Segundo, CA 90245; 310-252-7656, Fax 310-414-0040; Email: kevin@rnlp.biz; Web site: www.rnlp.biz. Brookshire Brothers, Ltd. trades as Brookshire Brothers at 104 locations throughout LA and TX. The supermarkets occupy spaces of 15,000 sq.ft. to 45,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run for terms of 20 years. Preferred demographics include a population of 10,000 within a 10-mile radius earning an average household income of $45,000. For more information, contact Eric Rich, Brookshire Brothers, Ltd., 1201 Ellen Trout Drive, Lufkin, TX 75901; 936634-8155, Fax 936-633-4733; Email: erich@brookshirebros.com.
Ronetco Supermarkets, Inc. trades as ShopRite Supermarkets at seven locations throughout NJ. The supermarkets occupy spaces of 65,000 sq.ft. to 75,000 sq.ft. in strip centers in addition to freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run for terms of 25 years. A vanilla shell and specific improvements are required. Preferred cotenants include Home Depot and Target. Preferred demographics include a population of 50,000 within a three-mile radius earning an average household income of $60,000. Major competitors include A&P, Stop N Shop and Pathmark. A land area of 10 acres is required for freestanding locations. For more information, contact Vic Pocorobba, Ronetco Supermarkets, Inc., 1070 Route 46, Ledgewood, NJ 07852-9735; 973-927-8300 Ext. 330, Fax 973-927-4953. Piggly Wiggly Mid-West trades as Piggly Wiggly at 96 locations throughout IL and WI. The grocery stores occupy spaces of 17,000 sq.ft. to 60,000 sq.ft. in strip centers and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company operates corporate stores and is franchising. For more information, contact Linda Emery, Piggly Wiggly Mid-West, 2215 Union Avenue, Sheboygan, WI 53081; 920-457-4433. (continued on page three)
This issue contains information on:
* Retailers operating 14,222 locations with plans to open 1,021 sites * Real estate valued in excess of $83.4 million to be bought, sold & financed * Leasing activity on over 11.021 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Southwest Idea Exchange Openings Luby’s looks to open two restaurants............................. Pg. 4 Hobby Lobby and Mardel are slated to open locations in a shopping center under development in Independence, MO....................................... Pg. 9 Buyers & Sellers Edgemark Commercial Real Estate Services is selling outlots located at the intersection of Interstate 80 and Ridge Road in Minooka, IL....................... Pg. 5 Grubb & Ellis Pacific Realty is selling a shopping center in Omaha, NE........................... Pg. 6 Sources of Financing Mark One Capital arranged a $5.5 million loan for the refinancing of a center located in Glendale, AZ..................... Pg. 5 In the News Colliers Lanard & Axilbund completed its merger with Markward Group................... Pg. 5 New Construction Eastern Retail Properties is preleasing shopping centers in Greenfield and North Adams, MA........................... Pg. 7 Food Retailers Expand Dunn Bros. Coffee looks to open 25 locations throughout IA, IL, KS, MN, MO, ND, SD, TN, TX and WI...................... Pg. 8 Lease Signings Blackpoint Partners negotiated leases with 5-7-9 Stores for three locations in Puerto Rico....................................... Pg. 10 Lead Sheet Sun Tan City looks to enter the NH, PA and WV markets........ Pg. 14 Space Place........................... Pg. 17
For more news go to: www.dealmakers.net