Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XVI
April 22, 2011
Supermarket Chains Expand Nationwide Trader Joe’s operates more than 300 locations throughout AZ, CA, CT, DE, GA, IL, IN, MA, MD, MI, MN, MO, NC, NJ, NM, NY, OH, OR, PA, RI, TN, VA, WA, WI and Washington, DC. The specialty supermarkets occupy spaces of 11,000 sq.ft. to 13,000 sq.ft. in freestanding locations and power, specialty and strip centers. Growth opportunities are sought throughout NJ and Rockland County, NY during the coming 18 months, with representation by R.J. Brunelli & Co., Inc. Typical leases run 10 years. Specific improvements are required. For more information, contact Ron DeLuca, R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732721-9241; Email: rdeluca@njretailrealty.com; Web site: www.njretailrealty.com.
K-VA-T Food Stores, Inc. trades as Food City and Super Dollar Discount Foods at 107 locations throughout southeastern KY, eastern TN and southwestern VA. The supermarkets occupy spaces of 38,000 sq.ft. to 47,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought for the Food City concept throughout the existing markets during the coming 18 months. Typical leases run 20 years. A land area of five acres is required for freestanding locations. Major competitors include Food Lion, Kroger, Ingles Markets and Walmart. For more information, contact Lou Scudere, K-VA-T Food Stores, Inc., PO Box 1158, Abington, VA 24212; 276-623-5100, Fax 276623-5447; Web site: www.foodcity.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, featuring bakery, deli and video rental departments, as well as a pharmacy, 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.
Murry’s, Inc. trades as Murry’s at 29 locations throughout DE, MD, NJ, PA, VA and Washington, DC. The specialty food stores occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in strip centers and urban/downtown areas. Growth opportunities are sought throughout Baltimore, MD and Washington, DC during the coming 18 months. Typical leases run five years with options. Preferred demographics include a population of 45,000 within five miles. For more information, contact Gary Gold or Mike Luber, Murry’s, Inc., 8300 Pennsylvania Avenue, Upper Marlboro, MD 20772; 301-967-4825, Fax 301-967-4816; Email: ggold@murrys.com; Web site: www.murrys.com. (continued on page six)
This issue contains information on:
* Retailers operating 28,021 locations with plans to open 2,168 sites * Real estate valued in excess of $385.7 million to be bought, sold & financed * Leasing activity on over 5.2 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring National Focus New Construction Terranomics is preleasing a 657,250 sq.ft. center in Morgan Hill, CA.................... Pg. 3 Openings Wireless Zone to open 60 franchised locations this year Pg. 4 In the News Lee & Associates named Mark Larson president of its investment services group...... Pg. 5 Buyers and Sellers Calkain Cos., Inc. is selling a 47,000 sq.ft. center in Woodbridge, VA................... Pg. 5 Holliday Fenoglio Fowler, LP is selling a center in Denton, TX Pg. 8 Sources of Financing Berkadia Commercial Mortgage, LLC established a floating-rate bridge loan program................................. Pg. 6 Food Retailers Expand Carrols Corp. to enter the MD and VA markets with Pollo Tropical................................. Pg. 7 Lease Signings Welco Realty, Inc. negotiated a lease with Modell’s Sporting Goods at a center in Ramsey, NJ.......................................... Pg. 8 Exclusives Newmark Knight Frank named leasing agent for a mixed-use center in Joliet, IL.................. Pg. 9 Lead Sheet Target Corp. to open Target and SuperTarget locations nationwide............................ Pg. 11 Payless ShoeSource seeking sites in select markets of NJ and NY Pg. 14 Space Place........................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: nf042211