Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. IX
March 4, 2011
Supermarket Chains Expand Nationwide Save-A-Lot operates 1,200 locations nationwide. The supermarkets occupy spaces of 14,000 sq.ft. to 16,000 sq.ft. in freestanding locations and strip and value centers, as well as urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include valueoriented retailers. Preferred demographics include a population of 30,000 within three miles earning $30,000 to $40,000 as the median household income. Major competitors include Aldi. A land area of two acres is required for freestanding locations. For more information, contact Fred Rudolph, Save-A-Lot, 100 Corporate Office Drive, Earth City, MO 63045; 314-264-7804, Fax 314-2647885; Web site: www.save-a-lot.com. Tops Markets, LLC trades as Tops Markets at 131 locations throughout central and western NY and northern PA. The supermarkets, some with gasoline facilities, occupy spaces of 50,000 sq.ft. to 70,000 sq.ft. in power and strip centers. Limited growth opportunities are sought throughout central and western NY during the coming 18 months. A land area of at least six acres is required. For more information, contact Tom Fitzgerald, Tops Markets, LLC, PO Box 1027, Buffalo, NY 14240; 716-635-5130, Fax 716-635-5979; Email: tfitzgerald@topsmarkets.com; Web site: www.topsmarkets.com.
Murry’s – Family of Fine Foods operates locations throughout MD, Philadelphia, PA; VA and Washington, DC. The supermarkets occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in various types of real estate settings. Growth opportunities are sought throughout Washington, DC during the coming 18 months, with representation by Solomon Real Estate, Inc. The company requires sites with adequate loading and parking areas. For more information, contact Steve Solomon, Solomon Real Estate, Inc., 3341 Benning Road Northeast, Washington, DC 20019; 202-388-3009, Fax 202-388-1081; Email: steve@solomonreal.com; Web site: www.murrys.com. Meijer, Inc. trades as Meijer at 199 locations throughout IL, IN, KY, MI and OH. The stores, featuring a full grocery department as well as apparel, automotive, home décor, health and beauty care, electronics and pet supply departments and a pharmacy, occupy spaces of 100,000 sq.ft. and 156,000 sq.ft. to 192,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. 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 nine)
This issue contains information on:
* Retailers operating 75,716 locations with plans to open 5,581 sites * Real estate valued in excess of $488.1 million to be bought, sold & financed * Leasing activity on over 6.3 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC New England Retail Connection and Gulf South Idea Exchange New Construction Stiles Corp. is preleasing a Public-anchored center in Miami, FL.............................. Pg. 3 Exclusives Sax Realty, Inc. represents David’s Bridal throughout the Baltimore, MD and Washington, DC areas........... Pg. 4 Openings Five Guys Enterprises, LLC scouting locations in the Roanoke Valley area of VA.... Pg. 5 Buyers and Sellers Smullin & Associates is looking to acquire big boxes Pg. 6 Food Retailers Expand Smashburger seeking locations throughout Long Island, NY Pg. 7 Lease Signings NAI Friedland Realty, Inc. negotiated a lease with Raymour & Flanigan.............. Pg. 8 In the News Renaud Consulting hired John Marigliano and Josh Weiner as vice presidents.................. Pg. 8 Sources of Financing Cole Real Estate Investments arranged $133 million in financing for a portfolio of Albertsons grocery stores....... Pg. 9 Lead Sheet Goddard School seeking locations nationwide............. Pg. 11 Dakota Watch Co. to open new stores east of the Mississippi River.................... Pg. 14 Space Place........................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: nercgsidex11