Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XIV
April 9, 2010
Supermarket Chains Expand Nationwide General Real Estate Corp. trades as Sedano’s Supermarkets at 34 locations throughout central and southern FL. The supermarkets, featuring bakery, deli and seafood departments, in addition to prepared hot food items in some locations, occupy spaces of 25,000 sq.ft. to 45,000 sq.ft. in freestanding locations and neighborhood and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years with four-year options. Preferred demographics include a population of 25,000 within a threemile radius. The company prefers to locate in areas with high foot and vehicle traffic counts. For more information, contact Damon DelRossi, General Real Estate Corp., 8500 Southwest 8th Street, Suite 228, Miami, FL 33144; 305-262-6533, Fax 305-262-4118; Email: damon@greccorp.com; Web site: www.sedanos.com. Foodtown Supermarkets of Kentucky, Inc. trades as Slone’s Signature Market at five locations throughout KY. The supermarkets occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 20 to 30 years. Major competitors include Kroger and Walmart. For more information, contact Brad Newsome, Foodtown Supermarkets of Kentucky, Inc., PO Box 55040, Lexington, KY 40555; 859-2601599 Ext. 25, Fax 859-260-1449; Web site: www.slonesmarket.com.
Fresh & Easy Neighborhood Market operates 100 locations throughout AZ, CA and NV. The supermarkets, offering low-priced brand name products and designed to include energyefficient LED lighting, cement floors, skylights and oversized windows, occupy spaces of 10,000 sq.ft. to 14,000 sq.ft. in urban areas. Growth opportunities are sought throughout Los Angeles County, CA during the coming 18 months, with representation by The Legaspi Co. For more information, contact Peter Ruiz, The Legaspi Co., 1611 Paramount Boulevard, Montebello, CA 90640; 323-728-8455; Email: pruiz@thelegaspi.com; Web site: www.freshandeasy.com. Metropolitan Market operates six locations throughout WA. The full-service supermarkets, featuring bakery, meat, seafood, deli and cheese departments, occupy spaces of 30,000 sq.ft. to 32,000 sq.ft. in freestanding locations and strip centers. Plans call for two openings throughout Seattle, WA during the coming 18 months. Preferred demographics include a population of 30,000 within two miles. The company prefers to locate in areas with high foot and vehicle traffic counts. For more information, contact Dale Chandler, Metropolitan Market, 3301 South Norfolk Street, Seattle, WA 98118; 206-763-7949, Fax 206-767-8751; Email: dchandler@unifiedgrocers.com; Web site: www.metropolitan-market.com. (continued on page six)
This issue contains information on:
* Retailers operating 31,241 locations with plans to open 2,677 sites * Real estate valued in excess of $103 million to be bought, sold & financed * Leasing activity on over 3.1 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Retailer One on One New Construction The Feil Organization is preleasing a mixed-use center in Pittsburgh, PA.................... Pg. 3 Openings Supervalu, Inc. plans to open 100 Save-A-Lot locations this year...... Pg. 4 Sunflower Farmers Market to open stores in AZ, CO, NM, NV, TX and UT...................... Pg. 9 Buyers and Sellers Mid-America Real Estate Group is selling a 95-acre parcel in Crown Point, IN...... Pg. 5 In the News Colliers Spectrum Cauble will rebrand as Colliers International.......................... Pg. 6 Sources of Financing Equity Alliance, LLC arranges financing for groceryanchored centers and singletenant properties nationwide Pg. 6 Food Retailers Expand SoGreen Yogurt plans to open 18 stores throughout the northeastern U.S.................... Pg. 7 Exclusives Mid-America Real Estate – Wisconsin, LLC named exclusive agent for WI shopping center..................... Pg. 9 Lease Signings Levin Management Corp. negotiated a lease with Great Clips in Manasquan, NJ......... Pg. 10 Lead Sheet Fred’s, Inc. looks to expand throughout the southeastern U.S. Pg. 11 Planet Beach Franchising Corp. plans to 40-50 openings nationwide and internationally Pg. 14 Space Place........................... Pg. 16
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