Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XXI
June 4, 2010
Supermarket Chains Expand Nationwide Norrenberns Foods, Inc. trades as Tom’s Supermarkets, Cash Saver Food Stores, Weffel’s Market, Tom’s Priced Right Foods and Tom’s Mad Pricer at 10 locations throughout IL. The supermarkets occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A vanilla shell is required. Preferred demographics include a population of 10,000 sq.ft. within two miles earning $35,000 as the average household income. For more information, Don Norrenberns, Norrenberns Foods, Inc., 205 East Harnett Street, Mascoutah, IL 62258; 618-566-7010, Fax 618566-4081. The Northwest Co. International trades as Cost-U-Less at 12 locations throughout CA and HI as well as internationally. The midsized, club-style stores, offering grocery items, electronics, appliances, housewares and hardware items, occupy spaces of 30,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. Preferred demographics include a population of 50,000 within five miles. For more information, contact Rex Wilhelm, The Northwest Co. International, 3633 136th Place Southeast, Suite 110, Bellevue, WA 98006; 425-945-0213; Email: rwilhelm@northwest.ca; Web site: www.costuless.com.
Alex-Lee, Inc. trades as Lowes Foods, Galaxy Stores, IGA and Just $ave Food at 108 locations throughout NC and SC. The supermarkets occupy spaces of 15,000 sq.ft. to 50,000 sq.ft. in power, strip and value centers. Growth opportunities are sought throughout NC and the coastal areas of SC during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 30,000 within five miles earning $50,000 as the average household income. For more information, contact Roger Henderson, Alex-Lee, Inc., 1381 Old Mill Circle, Suite 200, Winston-Salem, NC 27103; 336-6590180, Fax 336-659-2434. Save-A-Lot, Ltd. trades as Save-A-Lot at 1,200 locations nationwide. The supermarkets occupy spaces of 14,000 sq.ft. to 16,000 sq.ft. in endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout FL during the coming 18 months. Typical leases run five years with four, five-year options. Preferred demographics include a population of 20,000 in rural areas and a population of 35,000 in urban areas earning a median household income of $35,000. Preferred cotenants include valueoriented retailers. For more information, contact Neil Kirchoff, Save-A-Lot, Ltd., 407491-0482, Fax 407-736-9327; Email: neil.k.kirchoff@save-a-lot.com. (continued on page ten)
This issue contains information on:
* Retailers operating 40,694 locations with plans to open 688 sites * Real estate valued in excess of $161 million to be bought, sold & financed * Leasing activity on over 4.1 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring New Construction Faison is developing a 112acre project in Wendell, NC Pg. 3 Openings American Eagle Outfitters, Inc. to open five stores in new 77kids concept...................... Pg. 4 The Children’s Place Retail Stores, Inc. plans 65 openings Pg. 9 Food Retailers Expand Golden Corral Corp. seeks locations nationwide............. Pg. 6 Buyers & Sellers Clarke Wyndham Real Estate Investment Services looks to acquire NNN-leased properties nationwide............ Pg. 7 Lease Signings Mid-America Real Estate – Wisconsin, LLC negotiated a lease with CitiTrends in West Allis, WI................................ Pg. 8 In the News Dinosaur Capital Partners, LLC formed by Mark Dufton and Scott Oran...................... Pg. 8 Sources of Finance Loan Swap Advisors offers non-recourse financing for commercial properties nationwide............................ Pg. 9 Exclusives Fameco Real Estate, LP named leasing agent for a portfolio of shopping centers throughout PA......................................... Pg. 10 Lead Sheet rue21, Inc. looks to expand nationwide............................ Pg. 11 Sabon NYC seeks locations throughout New York, NY..... Pg. 14 Space Place........................... Pg. 16
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