Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. IX
March 1, 2013
FEATURING supermarket Chains Expand Nationwide Thompson Hospitality trades as Marvelous Market at 11 locations throughout VA and Washington, DC. The specialty markets, featuring a bakery, deli, cafe and gourmet food items, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in various retail settings. Plans call for three to five openings throughout the existing markets during the coming 18 months. Preferred cotenants include upscale retailers. The company prefers to locate in affluent areas with dense daytime traffic counts. For more information, contact Shawn O’Quinn. Thompson Hospitality, 505 Huntmar Park Drive, Suite 350, Herndon, VA 20170; 703-964-5500, Fax 703-964-0199; Email: soquinn@thompsonhospitality.com; Web site: www.marvelousmarket.com. Lund Food Holdings, Inc. trades as Byerly’s and Lunds at 22 locations throughout MN. The supermarkets offer gourmet and organic food items. Lunds prefers to occupy spaces of 40,000 sq.ft. and Byerly’s prefers to occupy spaces of 60,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 20 years with options. For more information, contact Jenifer Kent, Lund Food Holdings, Inc., 4100 West 50th Street, Suite 2100, Edina, MN 55424; 952-915-2696, Fax 952-915-2675; Email: jenifer.kent@lfhi.com.
Brookshire Grocery Co. trades as Brookshire Food Stores and Super 1 Stores at 153 locations throughout AR, LA and eastern TX. The supermarkets, featuring bakery, deli, meat, seafood, produce, health and beauty departments, occupy spaces of 30,000 sq.ft. to 70,000 sq.ft. in freestanding locations, power and strip centers. Growth opportunities are sought throughout southern AR, LA and eastern TX during the coming 18 months. Typical leases run 15 to 20 years. Major competitors include Albertsons, Kroger and Walmart Supercenters. A land area of five to six acres is required for freestanding locations. The company prefers to acquire sites. For more information, contact John Broderhausen, Brookshire Grocery Co., 1600 West Southwest Loop 323, Tyler, TX 75701; 903-534-3000, Fax 903-534-2217; Web site: www.brookshires.com. Aldi, Inc. trades as Aldi at 1,000 locations nationwide throughout 29 states. The discount supermarkets occupy spaces of 15,000 sq.ft. to 18,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout NC, SC and southern VA during the coming 18 months. For more information, contact Todd Bonnett, Aldi, Inc., 1985 Old Union Church, Salisbury, NC 28146; 704-642-0023 Ext. 122; Web site: www.aldi.com. (continued on page eight)
This issue contains information on: • Retailers operating 11,000 locations with plans to open 997 sites • Real estate valued in excess of $93 million to be bought, sold & financed • Leasing activity on over 4.1 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
icsc open-air summit New Construction Casandra Properties to open Staten Island project in 2016...... Pg. 3 Who’s Opening & Where Corner Bakery Cafe makes it in New York................................... Pg. 4 Buyers & Sellers RCG Ventures sells one and buys one............................................. Pg. 5 HFF L.P. brokers $19 million sale............................................. Pg. 5 Sources of Financing Capstone Financial Solutions closes loan................................. Pg. 6 Making the News Levin Management names CFO
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Lease Signings The Shopping Center Group brokers anchor deal in GA.......... Pg. 6 Food Chains Expand Bruster’s Real Ice Cream eyes Washington, DC......................... Pg. 7 Exclusives The Goldstein Group lands exclusive for 30 properties.......... Pg. 8 Lead Sheet 1-800-Flowers plans 35 openings Pg. 10 50 East Shoes growth spurt......... Pg. 11 Halloween Express to open 175 seasonal stores............................ Pg. 12 Space Place................................ Pg. 14