Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. VIII
February 26, 2010
Supermarket Chains Expand Nationwide The Fresh Market operates 92 locations throughout AL, AR, CT, FL, GA, IL, IN, KY, LA, MD, MS, NC, OH, PA, SC, TN, VA and WI. The supermarkets occupy spaces of 18,000 sq.ft. to 21,000 sq.ft. in lifestyle, neighborhood and power centers. Growth opportunities are sought throughout the eastern region of the U.S. during the coming 18 months. Typical leases run 10 years with six, five-year options. Preferred demographics include a population of 150,000 within five miles earning $75,000 as the median household income. For more information, contact Stephen Smith, The Fresh Market, 628 Green Valley Road, Suite 500, Greensboro, NC 27408; 336-272-1338, Fax 336-389-5786; Email: stephensmith@thefreshmarket.com; Web site: www.thefreshmarket.com. Murry’s, Inc. trades as Murry’s at 31 locations throughout DE, MD, NJ, PA, VA and Washington, DC. The specialty food stores occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in strip centers and urban/downtown areas. Growth opportunities are sought throughout Baltimore, MD and Washington, DC during the coming 18 months. Typical leases run five years with options. Preferred demographics include a population of 45,000 within five miles. For more information, contact Gary Gold or Mike Luber, Murry’s, Inc., 8300 Pennsylvania Avenue, Upper Marlboro, MD 20772; 301-967-4825, Fax 301-967-4816; Email: ggold@murrys.com; Web site: www.murrys.com.
Albeco, Inc. trades as Mollie Stone’s Markets at eight locations throughout CA. The upscale supermarkets, featuring bakery, deli, floral, seafood, wine and liquor departments, occupy spaces of 10,000 sq.ft. to 45,000 sq.ft. in lifestyle, specialty and tourist centers, in addition to urban/ downtown areas. Growth opportunities are sought throughout the San Francisco Bay Area of CA during the coming 18 months. Typical leases run 35 years. Preferred demographics include a population of 20,000 within one mile earning $100,000 as the average household income. Major competitors include Whole Foods Market. For more information, contact Mike Stone, Albeco, Inc., 150 Shoreline Highway, Building D, Mill Valley, CA 94941; 415289-5720, Fax 415-289-0141; Web site: www.molliestones.com. Meijer, Inc. trades as Meijer at 185 locations throughout IL, IN, KY, MI and OH. The stores, offering a full grocery department in addition to fashion, automotive, home décor, health and beauty, electronics and pharmacy departments, occupy spaces of 56,000 sq.ft. or 193,000 sq.ft. in freestanding locations and power centers. A land area of 15 to 25 acres is required for freestanding locations. For more information, contact Mike Kinstle, Meijer, Inc., 2929 Walker Avenue Northwest, Grand Rapids, MI 49544; 616-453-6711, Fax 616-735-8887; Web site: www.meijer.com. (continued on page seven)
This issue contains information on:
* Retailers operating 40,603 locations with plans to open 1,155 sites * Real estate valued in excess of $627.2 million to be bought, sold & financed * Leasing activity on over 4.8 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Midwest IDEX West Florida IDEX New Construction Lee & Associates is preleasing a 55-acre project in Lake Elsinore, CA........................... Pg. 3 Openings Jos. A. Bank will open stores nationwide and offer tuxedo rentals................................... Pg. 4 Systemax will open a CompUSA in Chicago, IL....... Pg. 6 Buyers & Sellers Brauvin Net Lease acquired a Best Buy site in Grand Junction, CO......................... Pg. 5 Global Real Estate Advisors is selling a Big Kmart site located in Conneaut, OH................... Pg. 10 Lease Signings Crosland negotiated a lease with Mellow Mushroom in Myers Park, NC..................... Pg. 7 Food Retailers Expand The Melting Pot looks throughout the midwestern, northeastern and western U.S. Pg. 8 Sources of Financing Dockerty Romer & Co. arranged a $14.98 million acquisition loan for a center in Winter Haven, FL.............. Pg. 9 In The News Lee & Associates hired Rick Scardino as director-retail brokerage in its Chicago, IL office Pg. 9 Exclusives Saugatuck Commercial represents NexCen Brands throughout the Northeast....... Pg. 9 Lead Sheet The Learning Experience looks to enter IL..................... Pg. 11 Putting Edge is seeking sites nationwide............................ Pg. 12 Space Place........................... Pg. 15
For more news go to: www.dealmakers.net