Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XV
April 18, 2014
FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE Sedano’s Supermarkets operates 34 locations throughout central and southern FL. The supermarkets occupy spaces of 25,000 sq.ft. to 45,000 sq.ft. in freestanding locations, neighborhood and power centers. Growth opportunities are sought throughout southern FL during the coming 18 months. Typical leases run five years with four, five-year options. Preferred demographics include a population of 25,000 within a three-mile radius. The company prefers to locate in areas with high pedestrian and vehicular traffic counts. For more information, contact Damon DelRossi, Sedano’s Supermarkets, 8500 SW 8th Street, Suite 228, Miami, FL 33144; 305-262-6533, Fax 305-262-4118; Email: damon@greccorp.com; Web site: www.sedanos.com. Martin’s Super Markets, Inc. trades as Martin’s Super Market at 21 locations throughout IN and MI. The supermarkets occupy spaces of 40,000 sq.ft. to 75,000 sq.ft. in freestanding locations and strip centers. Plans call for one opening within 60 minutes of South Bend, IN during the coming 18 months. Major competitors include Walmart, Kroger and Meijer. A land area of at least 10 acres is required for freestanding locations. For more information, contact Pam Smith, Martin’s Super Markets, Inc., PO Box 2709, South Bend, IN 46680; Email: customercare@martins-supermarkets.com; Web site: www.martins-supermarkets.com.
Roundy’s Supermarkets, Inc. trades as Mariano’s Fresh Market at 20 locations throughout IL. The supermarkets, offering seafood, bakery, floral, pharmacy and wine and spirits departments, occupy spaces of 65,000 sq.ft. to 80,000 sq.ft. in urban and suburban areas. Plans call for 15 openings throughout the Chicagoland area of IL 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; 773-9914932; Email: andy@witherellrealestate.com; Web sites: www.witherellrealestate.com and www.marianos.com. Weis operates 166 locations throughout MD, NJ, NY, PA and WV. The supermarkets occupy spaces of 63,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout metropolitan areas in MD, WV and Washington, DC during the coming 18 months, with representation by Next Realty Mid-Atlantic, LLC. For more information, contact Ray Schupp, Next Realty Mid-Atlantic, LLC, 1750 Old Meadow Road, Suite 250, McLean, VA 22101; 703-442-4500, Fax 703-442-4500; Email: rschupp@nextrealty.com; Web sites: www.nextrealty.com and www.weismarkets.com. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 23,463 locations with plans to open 1,623 sites • Real estate valued in excess of $94 million to be bought, sold & financed • Leasing activity on over 4.99 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
RETAILER ONE-ON-ONE New Construction Fuqua Development is developing a mixed-use project in Cobb County, GA................................ Pg. 3 Buyers and Sellers Mid-America Real Estate negotiated the sale of a shopping center in Park Ridge, IL............... Pg. 4 Who’s Opening and Where Runnings plans to open new stores throughout NH and NY during 2015................................ Pg. 5 Meijer supermarkets is planning to expand into WI throughout 2015 and 2016........................... Pg. 5 Workout Anytime is looking to open sites throughout AL, FL, IN, Chicago, IL and Cincinnati, OH through the years end................. Pg. 5 Food Chains Expand Petro’s Chili & Chips is openings new restaurants throughout TN.... Pg. 6 Sources of Financing Lucent Capital negotiated $32.2 million in senior debt for three retail properties in Los Angeles, CA and Bozeman, MT................ Pg. 7 Making the News SRS Real Estate Partners recently hired Adam Baxter as first vice president.................................... Pg. 7 Lease Signings Alliance Partners negotiated a lease with Floor & Décor in Woodbridge, VA........................ Pg. 7 Tenant Reps Silbert Realty & Management is representing America’s Mattress with expansion plans throughout NJ............................................... Pg. 8 Lead Sheet Tilden Car Care Centers plans to open 10 locations nationwide..... Pg. 9 Healthworks looking to enter the New York, NY and Washington, DC markets................................ Pg. 9 Space Place................................ Pg. 14