Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XV
April 12, 2013
FEATURING supermarket Chains Expand Nationwide Save-A-Lot operates more than 1,300 locations nationwide throughout 36 states. The supermarkets occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding locations, strip and value centers, in addition to urban/downtown areas. Growth opportunities are sought nationwide 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 30,000 within three miles earning $30,000 to $40,000 as the median household income. Major competitors include Aldi. A land area of two acres is required for freestanding locations. For more information, contact Save-A-Lot, 100 Corporate Office Drive, Earth City, MO 63045; 314-264-7854, Fax 314-264-7885; Email: realestate@savealot.com; Web site: www.save-a-lot.com. Basha’s, Inc. trades as AJ’s Fine Foods at 12 locations throughout AZ. The upscale gourmet markets, also featuring a wine and spirits section, occupy spaces of 28,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact David Basha, Basha’s, Inc., PO Box 488, Chandler, AZ 85244; 480-895-9350, Fax 480-895-5340; Web site: www.ajsfinefoods.com.
C & K Market, Inc. trades as Ray’s Food Place, Shop Smart and C & K Market at 60 locations throughout CA and OR. The supermarkets occupy spaces of 20,000 sq.ft. to 46,000 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 with two, five-year options. A vanilla shell is required. Preferred demographics include a population of 20,000 within five miles. Major competitors include Safeway. For more information, contact Kevin Crumley, C & K Market, Inc., 615 Fifth Street, Brookings, OR 97415; 541-469-3113, Fax 541-469-6717; Web site: www.ckmarket.com. Dahl’s Foods operates 13 locations throughout IA. The supermarkets, featuring deli, bakery, meat and floral departments, occupy spaces of 55,000 sq.ft. to 75,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers build-to-suits. For more information, contact David Sinnwell, Dahl’s Foods, 4343 Merle Hayroad, Des Moines, IA 50310; 515-278-1657, Fax 515-278-0012; Email: davidsinnwell@dahlsfoods.com; Web site: www.dahlsfoods.com. (continued on page seven)
This issue contains information on: • Retailers operating 37,900 locations with plans to open 1,748 sites • Real estate valued in excess of $115 million to be bought, sold & financed • Leasing activity on over 2.2 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
national focus New Construction Franklin Street Real Estate expands Publix anchored center in FL........................................... Pg. 3 Buyers & Sellers Cohen Real Estate closes sale of a shopping center in Fayetteville, NC............................................. Pg. 4 Who’s Opening & Where rue21 plans to open 125 fashion stores.......................................... Pg. 5 J. Crew anticipates 46 store openings this year....................... Pg. 5 Food Chains Expand Penn Station to open 45 units and enter five states.................... Pg. 6 Making the News CBRE Raleigh taps vp of retail..... Pg. 7 Exclusives Colliers International reps restaurant chains in the Mid Atlantic region............................ Pg. 8 Sources of Financing Casto lands $46 million financing deal for a shopping center in FL Pg. 8 Lease Signings Breslin Realty negotiates Walmart Neighborhood Market lease in NY............................................. Pg. 8 Lead Sheet Tuffy Auto Service Centers to enter MN and TX........................ Pg. 9 Micro Center to go national........ Pg. 10 Hy-Vee Drugstores to enter IL, KS, MN, MO, SD and WI........... Pg. 11 Massage Envy takes Manhattan.... Pg. 12 Space Place................................ Pg. 14