Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XXII
June 13, 2014
FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE Save-A-Lot operates 1,300 locations nationwide in 36 states. The supermarkets occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding locations, strip and value centers, as well as urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include value retailers. Preferred demographics include a population of 30,000 within three miles earning $30,000 to $40,000 as the median household income. Major competitors include Aldi. A land area of two acres is required for freestanding locations. For more information, contact Kristen Brown, Save-A-Lot, 100 Corporate Office Drive, Earth City, MO 63045; 314-264-7854, Fax 314-2647885; Email: kristen.brown@savealot.com; Web site: www.save-a-lot.com. Marsh Supermarkets, LLC trades as Marsh Supermarkets, O’Malia’s and Main Street Markets at 79 locations throughout IN and OH. The supermarkets, offering produce, meat, seafood, floral and wine and beer departments, occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Real Estate Department, Marsh Supermarkets, LLC, 9800 Crosspointe Boulevard, Indianapolis, IN 46256; 317-594-2100; Web site: www.marsh.net.
Stater Bros. Markets operates 167 locations throughout southern CA. The supermarkets, featuring bakery, produce, seafood and deli departments, occupy spaces of 44,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Bill Corridan or Michael Reed, Stater Bros. Markets, 301 South Tippecanoe, San Bernardino, CA 92408 / PO Box 150, San Bernardino, CA 924020150; Emails: bill.corridan@staterbros.com and michael.reed@staterbros.com; Web site: www.staterbros.com. Hy-Vee, Inc. trades as Hy-Vee Food Stores at locations throughout IA, IL, KS, MN, MO, NE, SD and WI. The supermarkets, offering bakery, floral, pharmacy and catering departments, occupy spaces of 35,000 sq.ft. to 90,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. The company operates at total of 237 stores trading as Hy-Vee Food Store and Hy-Vee Drug Store. For more information, contact Pete Hosch, HyVee, Inc., 5820 Westown Parkway, West Des Moines, IA 50266; 515-327-2147, Fax 515-2672967; Web site: www.hy-vee.com. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 26,522 locations with plans to open 1,918 sites • Real estate valued in excess of $186 million to be bought, sold & financed • Leasing activity on over 7.4 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
NATIONAL FOCUS New Construction R.J. Brunelli & Co. LLC is preleasing a development in Bridgewater, NJ.......................... Pg. 3 DeRito Partners redeveloping a site in Phoenix, AZ..................... Pg. 3 Buyers and Sellers FIP Realty Services, LLC brokered the sale of a WinnDixie anchored center in FL........ Pg. 4 Who’s Opening and Where Naples Flatbread & Wine Bar to go national................................. Pg. 5 Native Food Café, LLC to open up to 30 vegan restaurants.......... Pg. 5 Food Chains Expand Jerry’s Subs & Pizza to enter NJ, NY and PA................................. Pg. 6 Lease Signings Renaud Consulting inks anchor deal with Gabriel Bros. in MD.... Pg. 7 Tenant Rep and Exclusives Baum Realty reps Dotty’s, a chain of slot machine parlors in Chicago, IL................................. Pg. 7 Making the News Cushman & Wakefield taps talent for directors of retail services...... Pg. 8 Sources of Financing Helios Capital funding singletenant retail sites nationwide...... Pg. 8 Lead Sheet Hy-Vee Drugstore to enter IL, KS, MN, MO, SD and WI................. Pg. 9 The Cash Store to open up to 50 locations..................................... Pg. 10 Omega Sports to enter SC and VA.............................................. Pg. 12 Space Place................................ Pg. 17