Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XII
March 28, 2014
FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE Corrado’s Family Affair operates five locations throughout Clifton, Fairfield and Wayne, NJ. The supermarkets, featuring deli, produce, bakery and floral departments, as well as a liquor department, occupy spaces of 10,000 sq.ft. to 25,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout NJ and the greater New York, NY market, excluding Long Island, during the coming 18 months, with representation by Landmark RE Co. The company prefers to anchor shopping center locations and will only consider acquiring sites. For more information, contact Larry Liebowitz, Landmark RE Co., 392 Main Street, Wyckoff, NJ 07481; 201-560-1800, Fax 201-560-0600; Email: ll@landmarkreco.com; Web site: www.corradosmarket.com. Fairway Market operates 17 locations throughout CT, NJ and NY. The supermarkets prefer to occupy spaces of 50,000 sq.ft. to 60,000 sq.ft. in regional or community shopping centers. Growth opportunities are sought throughout northern NJ during the coming 18 months, with representation by Welco Realty. Preferred cotenants include mid-sized or big box retailers include Target and Bed Bath & Beyond. For more information, contact Jerry Welkis, Welco Realty, 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500, Fax 914576-7596; Email: jwelkis@welcorealty.com; Web site: www.welcorealty.com.
Brookshire Brothers, Inc. trades as Brookshire Brothers at 104 locations throughout LA and TX. The supermarkets, featuring bakery, deli, floral and pharmacy departments, occupy spaces of 15,000 sq.ft. to 45,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 10,000 within 10 miles earning $45,000 as the average household income. For more information, contact Eric Rich, Brookshire Brothers, Inc., 1201 Ellen Trout Drive, Lufkin, TX 75904; 936-634-8155, Fax 936-6334733; Email: erich@brookshirebros.com; Web site: www.brookshirebrothers.com. Lund Food Holdings, Inc. trades as Byerly’s and Lunds at 24 locations throughout MN. Lunds prefers to occupy spaces of 35,000 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; Web site: www.lfhi.com. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 39,954 locations with plans to open 2,354 sites • Real estate valued in excess of $70 million to be bought, sold & financed • Leasing activity on over 3.1 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
ICSC CAROLINAS IDEA EXCHANGE New Construction Visconsi Cos. preleases shopping center in NC............................... Pg. 3 Observations & Conversations
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Buyers and Sellers Venture Commercial closes the sale of former Albertsons locations in TX........................... Pg. 5 Food Chains Expand Granite City Food & Brewery to enter CO, KY, NY, OK, PA and TN.............................................. Pg. 6 Who’s Opening and Where Sprouts Farmers Market focuses on the Midwest........................... Pg. 7 Biscuitville wants more of NC.... Pg. 7 Tim Hortons plans 40 to 60 openings in the U.S.................... Pg. 7 Sources of Financing Marcus & Millichap negotiates financing for strip centers............ Pg. 8 Tenant Reps The Rotella Group reps Maha Vapor......................................... Pg. 8 Lead Sheet Gamestop to open 25 stores....... Pg. 10 Dirt Fitness goes national............ Pg. 11 Party City projects up to 55 openings..................................... Pg. 12 Schuykill Valley Sports plans five new locations............................. Pg. 12 Lease Signings Paramount Real Estate inks deals throughout CT, NJ and PA.......... Pg. 13 Making the News L3 Corp. grows brokerage team
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Space Place................................ Pg. 14