Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XI
March 20, 2009
Supermarket Chains Expand Nationwide Save-A-Lot operates 1,180 locations nationwide. The supermarkets, carrying a limited assortment of grocery items, occupy spaces of 14,000 sq.ft. to 16,000 sq.ft. in strip and value centers in addition to downtown/urban and freestanding locations. Plans call for 60 openings throughout the existing market during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include value retailers. Preferred demographics include a population of 50,000 within a threemile radius earning an average household income of $40,000. Major competitors include Aldi. A land area of two acres is required for freestanding locations. The company is franchising. 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. Jons Markets, Inc. trades as Jons Marketplace at 14 locations throughout CA. The family-owned supermarkets occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout southern CA, including Los Angeles, Orange and Ventura counties, during the coming 18 months. For more information, contact John Berberian, Jons Markets, Inc., 5315 Santa Monica Boulevard, Los Angeles, CA 90029; 323-460-4646, Fax 323-962-2754; Email: corp@jonsmarketplace.com; Web site: www.jonsmarketplace.com.
Roundy’s Supermarkets operates 152 locations throughout MN and WI. The upscale supermarkets, offering a full line of grocery items, occupy spaces of 65,000 sq.ft. to 80,000 sq.ft. in downtown/urban and suburban locations. Growth opportunities are sought throughout the Chicago, IL metropolitan area during the coming 18 months, with representation by Witherell Real Estate. For more information, contact Andy Witherell, Witherell Real Estate, 850 West Jackson, Suite 701, Chicago, IL 60607; 773-991-4932; Email: andy@witherellrealestate.com; Web site: www.witherellrealestate.com. Thompson Hospitality trades as Marvelous Market operates 11 locations throughout VA and Washington, DC. The Europeanstyled quick service markets occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in downtown/ urban and suburban locations. Plans call for three to five openings during the coming 18 months. Preferred cotenants include upscale retail and convenience stores. The company prefers to locate in areas with high daily 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. (continued on page fifteen)
This issue contains information on:
* Retailers operating 18,357 locations with plans to open 1,378 sites * Real estate valued in excess of $85.57 million to be bought, sold & financed * Leasing activity on over 11.932 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Indiana & North Florida Idea Exchange Buyers & Sellers Cohen Commercial Properties looks to acquire centers in the Mid-Atlantic, Midwest, Northeast and Southeast........ Pg. 3 Hoff Realtors looks to acquire properties throughout northwestern IN..................... Pg. 9 Profile|Concord Mall............ Pg. 4 Openings Meijer will open a location in Delaware, OH during May.... Pg. 5 Goodwill will open five stores annually throughout the Chicago metropolitan area for the next four years................. Pg. 6 In The News Party City names Doug Calvin as senior director of real estate.............................. Pg. 6 Lease Signings LaKritz-Weber negotiated a lease with Jimmy John’s for space in Battle Creek, MI....... Pg. 7 New Construction Champion is developing Marley Park Square, a mixed-use center located in Surprise, AZ.............. Pg. 8 Exclusives Main & Main, Inc. represents a number of tenants with their expansion plans throughout AZ and southern CA.............. Pg. 9 Food Retailers Expand Carino’s Italian looks to expand nationwide................ Pg. 10 Leadsheet Fairway Discount Store looks for sites throughout MI........... Pg. 11 Space Place........................... Pg. 15
For more news go to: www.dealmakers.net