Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XI
March 19, 2010
Supermarket Chains Expand Nationwide Trader Joe’s operates 300 locations throughout AZ, CA, CT, DE, GA, IL, IN, MA, MD, MI, MN, MO, NC, NJ, NM, NY, OH, OR, PA, RI, TN, VA, WA, WI and Washington, DC. The specialty supermarkets occupy spaces of 11,000 sq.ft. ot 12,000 sq.ft. in freestanding locations and power, specialty and strip centers. Growth opportunities are sought throughout NJ and Rockland County, NY during the coming 18 months, with representation by R.J. Brunelli & Co., Inc. Typical leases run 10 years. Specific improvements are required. The company prefers to locate in affluent markets. For more information, contact Ron DeLuca, R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732721-9241; Email: rdeluca@njretailrealty.com; Web site: www.njretailrealty.com. The Fresh Market operates 92 locations throughout the mid-Atlantic, midwestern, northeast and southeastern regions. The specialty grocery stores occupy spaces of 22,000 sq.ft. in freestanding locations and power and specialty centers. Growth opportunities are sought throughout Baltimore, MD, northern VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty. Major competitors include Whole Foods Market. For more information, contact Charlie Phelps, Paraclete Realty, 408 Headquarters Drive, Suite 3C, Millersville, MD 21108; 410-987-9500, Fax 410987-9502; Email: charlie@paracleterealty.com; Web site: www.paracleterealty.com.
Big Saver Foods operates 16 locations throughout CA. The supermarkets occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in freestanding locations and power and strip centers, in addition to urban/ downtown areas. Growth opportunities are sought throughout southern CA during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 100,000 within two miles earning $30,000 as the average household income. Major competitors include R-Ranch Markets. The company prefers to locate in areas with high vehicle and foot traffic counts. For more information, contact Ukabhai Solanki, Big Saver Foods, 4260 Charter Street, City of Vernon, CA 90058; 323-582-7222, Fax 323-582-2331. Aldi operates 1,000 locations nationwide. The discount supermarkets occupy spaces of 17,800 sq.ft. in inline spaces, pad sites and development lots. Growth opportunities are sought throughout NJ and eastern PA during the coming 18 months, with representation by Fameco Real Estate, LP. The company will consider acquiring sites and ground leases. Preferred demographics include a trade-area population of 35,000 within three miles. For more information, contact Rick Weinberg, Fameco Real Estate, LP, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610-834-1793; Email: rweinberg@famecoretail.com; Web sites: www.famecoretail.com and www.aldi.com. (continued on page nine)
This issue contains information on:
* Retailers operating 20,535 locations with plans to open 1,458 sites * Real estate valued in excess of $306.25 million to be bought, sold & financed * Leasing activity on over 8.866 million sq.ft. of retail properties
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Featuring Monterey Idea Exchange New Construction Frost, Inc. is preleasing a center in Arcadia, CA............ Pg. 3 Buyers & Sellers The Macke Co. looks to acquire anchored centers throughout CA Pg. 4 Wallender Commercial is selling a freestanding building in San Bernardino, CA........... Pg. 7 Openings Costco will open a store in Roseburg, OR........................ Pg. 5 Aaron’s, Inc. will open an Aaron’s in Albuquerque, NM Pg. 8 Profile|Dasher/Lawless, Inc.
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In The News CB Richard Ellis hired two professionals in its San Diego, CA office............................... Pg. 7 Sources of Financing American Realty Advisors provides financing in amounts ranging from $5 million to $30 million............................ Pg. 8 Exclusives Michael Salove Co. represents Doctors Express, a chain of urgent care medical centers.... Pg. 8 Food Retailers Expand La Pizza Loca looks for sites throughout CA....................... Pg. 9 Lease Signings illi Commercial negotiated a lease with Louise Pharmacy for space in Encino, CA......... Pg. 10 Lead Sheet Fletcher’s Tire & Auto Service looks for sites throughout AZ and CA.................................. Pg. 11 GameStop looks to expand throughout the San Francisco, CA Bay area........................... Pg. 13 Space Place........................... Pg. 16
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