Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XII
March 22, 2013
FEATURING supermarket Chains Expand Nationwide Trader Joe’s operates 400 locations nationwide. The supermarkets, offering specialty food products, occupy spaces of 12,000 sq.ft. to 14,000 sq.ft. in freestanding locations and inline spaces of mixed-use, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by IDS Real Estate Group. Preferred demographics include a population of 100,000 within four miles. A land area of at least one acre is required for freestanding locations. For more information, contact Silva Zeneian, IDS Real Estate Group, 515 South Figueroa Street, 16th Floor, Los Angeles, CA 90071; 213-347-6432, Fax 213-627-9937; Email: szeneian@idsrealestate.com; Web site: www.idsrealestate.com. Smart & Final Stores, LLC trades as Smart & Final, Smart & Final Extra! and Cash&Carry – Smart Food Service at 250 locations throughout AZ, CA, ID, NV, OR, WA and northern Mexico. The warehouse-style markets occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and neighborhood shopping centers. Growth opportunities are sought throughout AZ, CA and NV during the coming 18 months. For more information, contact Pat Barber, Smart & Final Stores, LLC, 600 Citadel Drive, Commerce, CA 90040; 323-869-7500; Web site: www.smartandfinal.com.
Alex-Lee, Inc. trades as Lowe’s Food, Galaxy Stores, IGA and Just $ave Food at 108 locations throughout NC and SC. The supermarkets occupy spaces of 40,000 sq.ft. to 55,000 sq.ft. in power, strip and value centers. Growth opportunities are sought throughout NC and along the coastal areas of SC and southwestern VA during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 30,000 within five miles earning $50,000 as the average household income. For more information, contact Roger Henderson, Alex-Lee, Inc., 1381 Old Mill Circle, Suite 200, Winston-Salem, NC 27103; 336-6590180, Fax 336-659-2434. Norrenberns Foods, Inc. trades as Tom’s Supermarkets and Tom’s Priced Right Foods at five locations throughout IL. The supermarkets occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A vanilla shell is required. Preferred demographics include a population of 10,000 within two miles earning $35,000 as the average household income. For more information, contact Don Norrenberns, Norrenberns Foods, Inc., 205 East Harnett Street, Mascoutah, IL 62258; 618-5667010, Fax 618-566-4081. (continued on page ten)
This issue contains information on: • Retailers operating 27,250 locations with plans to open 1,789 sites • Real estate valued in excess of $92 million to be bought, sold & financed • Leasing activity on over 3.3 million sq.ft. of retail properties s New rtantpedite o p x Im se E Plea
Postmaster: Periodical
icsc carolinas idea exchange Observations & Conversations
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Who’s Opening & Where Gordmans to grow by 10 stores
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Body Central centered on opening 25 stores....................... Pg. 5 Buyers & Sellers Lee & Associates sells SC site...... Pg. 6 Profile | WRS, Inc...................... Pg. 7 Food Chains Expand Moe’s Southwestern Grill to open up to 10 locations.............. Pg. 8 Rusty Taco to grow with 15 openings..................................... Pg. 8 Making The News Trinity Partners expands its NC office.......................................... Pg. 9 Sources of Financing Fantini & Gorga places $35 million loan................................ Pg. 9 Lease Signings CBRE Raleigh brokers two deals with Gander Mountain............... Pg. 9 Exclusives Michael Salove Co. reps Shoppers World.......................... Pg. 10 Lead Sheet Dunham’s Sports to enter AL, GA, SC, TX and VA.................... Pg. 14 Performance Bicycle Shop to enter FL and TN.......................... Pg. 14 Space Place................................ Pg. 16