Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XVIII
May 9, 2014
FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE Dierbergs Markets, Inc. trades as Dierbergs Markets at 25 locations throughout IL and MO. The supermarkets, featuring deli, produce, floral, seafood and wine departments, occupy spaces of 65,000 sq.ft. to 165,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include T.J. Maxx, Target, PetSmart, Petco, Michaels and Dick’s Sporting Goods. The company requires a land area of at least 20 acres and prefers to anchor strip center locations. For more information, contact Jerry Ebest, Dierbergs Markets, Inc., PO Box 1070, Chesterfield, MO 63017; 636-812-1352, Fax 636-812-1607; Email: ebestj@dierbergs.com; Web site: www.dierbergs.com.
Ahold USA trades as Stop & Shop at more than 375 locations throughout CT, MA, NH, NJ, NY and RI. The supermarkets, featuring bakery, deli, meat and seafood departments, occupy spaces of 35,000 sq.ft. to 70,000 sq.ft. in freestanding locations, mixed-use and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. Preferred cotenants include home improvement retailers and discount department stores. Preferred demographics include a population of 30,000 within two miles. For more information, contact Tara Mullen, Ahold USA, 1385 Hancock Street, Quincy, MA 02169; 617-770-8626, Fax 617-770-6222; Web site: www.stopandshop.com.
Publix Super Markets, Inc. trades as Publix at more than 1,000 locations throughout AL, FL, GA, NC, SC and TN. The supermarkets, featuring bakery, deli, produce, seafood, floral and pharmacy departments, occupy spaces of 27,000 sq.ft. to 61,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Jeff Chamberlain, Publix Super Markets, Inc., PO Box 407, Lakeland, FL 33802; 863-688-1188, Fax 863-499-5465; Email: vicki.brekke@publix.com; Web site: www.publix.com.
Tops Markets, LLC trades as Tops Markets at 155 locations throughout central and western NY, northern PA and VT. The supermarkets, some with gasoline facilities, occupy spaces of 30,000 sq.ft. to 70,000 sq.ft. in power and strip centers. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Tom Fitzgerald, Tops Markets, LLC, PO Box 1027, Buffalo, NY 14240; 716-635-5130, Fax 716-635-5979; Email: tfitzgerald@topsmarkets.com; Web site: www.topsmarkets.com. (continued on page fourteen)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 69,913 locations with plans to open 3,467 sites • Real estate valued in excess of $215 million to be bought, sold & financed • Leasing activity on over 5 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
PRE-SHOW ICSC RECON New Construction GBT Realty Corp. to develop an anchored center with Shoe Carnival in KY............................ Pg. 4 Observations and Conversations Pg. 6 Who’s Opening and Where Conn’s to open 20 locations....... Pg. 8 Teddy’s Bigger Burgers to enter CA and TX.................................. Pg. 8 Buyers and Sellers Marcus & Millichap negotiated the sale of a freestanding Forever 21 for $14.75 million................. Pg. 12 Food Chains Expand Zoes Kitchen plans for an additional 70 openings............... Pg. 16 Biggby Coffee plans to open 56 locations..................................... Pg. 16 Lease Signings Sterling Organization negotiated a deal with hh gregg in NC......... Pg. 18 Tenant Reps CBRE, Inc. reps Wahlburgers in select markets of NJ and PA........ Pg. 22 Sources of Financing Calkain Cos. offers debt financing for single tenant sites.................. Pg. 22 Making the News Konover South, LLC hires vice president of acquisitions............. Pg. 24 Lead Sheet Jack’s Pets continues growth throughout IN, KY and OH......... Pg. 27 Red Wing Shoes plans call for 25 to 35 openings............................ Pg. 28 Space Place................................ Pg. 33 Most Valuable Players................ Pg. 42