Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. VI
February 8, 2013
FEATURING supermarket Chains Expand Nationwide Cost-U-Less operates 13 locations throughout CA, HI and internationally. The mid-sized club warehouse style stores, offer general grocery items, as well as featuring, meat, seafood, produce, health and beauty and home and office departments, occupy spaces of 30,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by The Northwest Co., International. Typical leases run 10 years with options. Preferred demographics include a population of 50,000 within five miles earning $15,000 as the average household income. For more information, contact Rex Wilhelm, The Northwest Co., International, 3633 136th Place Southeast, Suite 110, Bellevue, WA 98006; 425-945-0213; Email: rwilhelm@northwest.ca; Web site: www.costuless.com. Village Supermarket, Inc. trades as ShopRite at 29 locations throughout MD, NJ and PA. The supermarkets, featuring deli, meat, seafood, produce and bakery departments, occupy spaces of 65,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout NJ during the coming 18 months. For more information, contact William Sumas, Village Supermarket, Inc., 733 Mountain Avenue, Springfield, NJ 07081; 973-467-2200, Fax 973467-6582; Email: william.sumas@wakefern.com; Web site: www.shoprite.com.
Schnuck Markets, Inc. trades as Schnuck Markets at 100 locations throughout IA, IL, IN, MO and WI. The supermarkets, featuring bakery, deli, meat, produce, floral and pharmacy departments, and in select locations gasoline facilities, occupy spaces of 55,000 sq.ft. to 80,000 sq.ft. in shopping centers. Growth opportunities are sought throughout the Midwestern region of the U.S. during the coming 18 months. A land area of at least six acres is required. The company prefers to acquire sites or build to suits. For more information, contact Dave Fontana, Schnuck Markets, Inc., 11420 Lackland Road, St Louis, MO 63146; 314-994-9900, Fax 314-9944040; Web site: www.schnucks.com. Aldi operates 1,000 locations nationwide. The discount supermarkets occupy spaces of 16,000 sq.ft. to 19,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout New York, NY in Long Island and the surrounding boroughs during the coming 18 months, with representation by Ripco Real Estate. The company will also consider acquiring sites. For more information, contact Jeremy Isaacs, Ripco Real Estate, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880, Fax 516933-2514; Email: jisaacs@ripcony.com; Web site: www.ripcony.com. (continued on page seven)
This issue contains information on: • Retailers operating 21,654 locations with plans to open 1,798 sites • Real estate valued in excess of $62 million to be bought, sold & financed • Leasing activity on over 4.8 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
preshow icsc mid-atlantic conference New Construction Kite Realty Group breaks ground in NC......................................... Pg. 3 Buyers & Sellers Wheeler Real Estate Investment Trust acquired a shopping center in OK......................................... Pg. 4 Who’s Opening & Where Famous Dave’s plans to open 50 locations in FL............................ Pg. 5 EZCORP projects up 75 store openings this year....................... Pg. 5 Food Chains Expand Chuy’s to enter KS, LA, MO, NC, SC and VA.................................. Pg. 6 Sources of Financing Sabal Financial open to lend in the west coast............................. Pg. 8 Making The News Cassidy Turley names top post for northern CA.......................... Pg. 8 Lease Signings Goodman Real Estate Services inks Planet Fitness deal............... Pg. 8 Lead Sheet Smile Brands eyes growth in CA, FL, OK, OR, TX, UT and WA...... Pg. 10 VF Outdoor plans up to 30 openings..................................... Pg. 11 Ron Jon Surf Shop to enter TX and VA....................................... Pg. 11 The Vitamin Shoppe projects 85 store openings............................ Pg. 12 Exclusives National Commercial Brokers repping Entertainment Cinemas throughout the northeast............. Pg. 14 Space Place................................ Pg. 14