Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. VI
February 10, 2012
Supermarket Chains Expand Nationwide Safeway, Inc. trades as Randall’s Food and Drug and Tom Thumb at 112 locations throughout TX. The supermarkets feature seafood, floral, cosmetic and bakery departments, as well as banks, ATMs, a photo processing center, a drive-thru pharmacy, gasoline facilities and full-service counters offering lottery and movie tickets and car license renewals, in select locations. The company occupies spaces of 59,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout Austin, Dallas and Houston, TX during the coming 18 months. For more information, contact David Hardin, Safeway, Inc., 3663 Briarpark Drive, Houston, TX 77042; 713-268-3500, Fax 713-268-3601; Web site: www.randalls.com. Norrenberns Foods, Inc. trades as Tom’s Supermarkets, Cash Saver Food Stores, Weffel’s Market, Tom’s Priced Right Foods and Tom’s Mad Pricer at 10 locations throughout IL. The supermarkets occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A vanilla shell is required. Preferred demographics include a population of 10,000 within two miles earning $35,000 as the average household income. For more information, contact Don Norrenberns, Norrenberns Foods, Inc., 205 East Harnett Street, Mascoutah, IL 62258; 618-5667010, Fax 618-566-4081.
Marsh Supermarkets, LLC trades as Marsh Supermarkets and O’Malia’s at 97 locations throughout IN and OH. The supermarkets, featuring bakery, seafood, produce, floral, meat, gift and wine departments, as well as a pharmacy in select locations, occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Brent Edstrom or Bill Marsh, Marsh Supermarkets, LLC, 9800 Crosspointe Boulevard, Indianapolis, IN 46256; 317-594-2100; Web site: www.marsh.net. Walter Lagestee, Inc. trades as Walt’s Food Center at seven locations throughout IL and IN. The supermarkets, featuring deli, produce, meat and bakery departments, as well as a pharmacy, occupy spaces of 45,000 sq.ft. to 55,000 sq.ft. in freestanding locations and strip and value centers. Growth opportunities are sought throughout IL during the coming 18 months. Typical leases run 10 to 20 years. A vanilla shell is required. Preferred cotenants include Lord & Taylor and T.J. Maxx. Preferred demographics include a population of 35,000 within 10 miles earning $65,000 to $75,000 as the average household income. For more information, contact Bob Lagestee, Walter Lagestee, Inc., 330 West Taft Drive, South Holland, IL 60473; 708-596-3166, Fax 708-5960888; Web site: www.waltsfoods.com. (continued on page seven)
This issue contains information on:
* Retailers operating 58,197 locations with plans to open 1,853 sites * Real estate valued in excess of $99.8 million to be bought, sold & financed * Leasing activity on over 8.7 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Pre-Show ICSC Mid-Atlantic Idea Exchange New Construction Hendon Properties is developing a project in North Charleston, SC....................... Pg. 3 Buyers and Sellers Eastern Retail Properties is selling sites throughout MA.... Pg. 4 Openings Hibbett Sports opening 51 to 53 locations during its 2012 fiscal year.............................. Pg. 5 Food Retailers Expand Bobby’s Burger Palace looks to enter the MA and VA markets.................................. Pg. 6 Lease Signings Buchanan Partners signed a lease with Sport & Health Clubs for 46,000 sq.ft. in Gainesville, VA..................... Pg. 8 Lead Sheet Target eyes select markets throughout VA for growth...... Pg. 9 Virginia ABC opening 20 to 30 sites throughout VA.......... Pg. 11 Exclusives Jeffery Realty, Inc. represents retailers throughout markets in NJ...................................... Pg. 14 Space Place........................... Pg. 14 Sources of Financing NoBe Bay Holdings, LLC received $18 million in financing for a project in Miami Beach, FL.................... Pg. 15 In the News SullivanHayes Northeast joins TCN Worldwide.................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: premidatl2012