Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XX
May 29, 2009
Supermarkets Expand Nationwide Trader Joe’s operates 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 D.C. The grocery stores occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in freestanding locations, malls and power, specialty and strip centers. Growth opportunities are sought throughout the central and northern counties of 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. Binkowski Buy For Less trades as Buy For Less, Valu Foods and Super Mercado at 12 locations throughout OK. The supermarkets, featuring meat, produce, floral, bakery and gourmet food departments as well as a pharmacy, occupy spaces of 30,000 sq.ft. to 62,000 sq.ft. in freestanding locations and strip centers. Plans call for one to two openings throughout the existing market during the coming 18 months. Typical leases run three years. A vanilla shell is required. Major competitors include Wal*Mart. For more information, contact Dave Richards, Binkowski Buy For Less, 2129 West Hefner Road, Oklahoma City, OK 73120; 405-302-6273, Fax 405-302-0366; Web site: www.buyforlessok.com.
Yoke’s Foods, Inc. trades as Yoke’s Fresh Market at 12 locations throughout ID and WA. The independent, employee-owned grocery stores, featuring bakery, deli, floral, meat and seafood, natural foods, produce and wine departments, in addition to a cheese shop and pharmacy, occupy spaces of 50,000 sq.ft. to 56,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets and MT during the coming 18 months. For more information, contact Denny York, Yoke’s Foods, Inc., PO Box 141268, Spokane, WA 99214; 509-921-2292, Fax 509-921-6801; Email: dyork@yokesfoods.com; Web site: www.yokesfoods.com. Big Saver Foods operates 16 locations throughout CA. The grocery stores occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in freestanding locations, urban/downtown areas and power and strip centers. Growth opportunities are sought throughout southern CA during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 100,000 within two miles earning $30,000 as the average household income. Major competitors include R-Ranch Markets. The company prefers to locate in areas with high pedestrian and vehicle traffic counts. For more information, contact Ukabhai Solanki, Big Saver Foods, 4260 Charter Street, Vernon, CA 90058; 323-582-7222, Fax 323582-2331. (continued on page seven)
This issue contains information on:
* Retailers operating 16,234 locations with plans to open 1,587 sites * Real estate valued in excess of $59.86 million to be bought, sold & financed * Leasing activity on over 4.5 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring National Focus New Construction Atlantic Retail Properties is preleasing a power center in Springfield, MA..................... Pg. 3 Protea Properties is redeveloping Flower Hill Promenade in Del Mar, CA... Pg. 3 Openings Woof Gang Bakery plans to open two locations in Sarasota, FL....... Pg. 4 H&M will open a location in Ontario, CA........................... Pg. 13 Buyers & Sellers Premier Commercial Realty is selling development parcels in Marengo, IL....................... Pg. 5 In The News Robert K. Futterman & Associates hired Scott P. Lifschultz as a senior vice president................. Pg. 6 Bankruptcies & Closings Fatburger, Inc.’s CA and NV divisions filed for Chapter 11 bankruptcy protection............ Pg. 6 Food Retailers Expand Teriyaki Experience looks for sites throughout AZ, CA, FL, GA, IA, KS, NE and western NY Pg. 6 Exclusives Welco Realty, Inc. represents a number of retailers with their expansion plans............. Pg. 8 Lease Signings Katz & Associates negotiated leases with Michaels and Scheels in Rapid City, SD...... Pg. 8 Lead Sheet Stein Mart looks to expand nationwide............................ Pg. 9 Crown Trophy seeks sites nationwide............................ Pg. 12 Space Place........................... Pg. 14
For more news go to: www.dealmakers.net