Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XXV
July 11, 2014
FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE Amelia’s Grocery Outlet operates 16 locations throughout southeastern and south central PA. The supermarkets, offering discounted food products, occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Legend Properties, Inc. Preferred demographics include a trade-area population earning a lower to middle income. The company prefers to locate in highly visible locations in areas with an average daily traffic count of 20,000 vehicles. For more information, contact Maria Rita Aristone, Legend Properties, Inc., 201 Barclay Pavilion West, 1409 Route 40 East, Cherry Hill, NJ 08034; 856-231-1010; Email: maristone@lpre.com; Web sites: www.lpre.com and www.ameliasgroceryoutlet.com. Ahold USA trades as Giant and Martin’s at 204 locations throughout MD, PA, VA and WV. The supermarkets occupy spaces of 30,000 sq.ft. to 73,000 sq.ft. in freestanding locations, lifestyle, power and strip centers. Plans call for four to six openings throughout the existing market during the coming 18 months. Typical leases run 20 years. For more information, contact Joe LaCagnina, Ahold USA, 1149 Harrisburg Pike, Carlisle, PA 17013; 717-240-7601, Fax 717-240-7595; Email: joseph.lacagnina@aholdusa.com; Web site: www.ahold.com.
El Rio Grande Latin Market operates seven locations throughout TX. The supermarkets, catering to a Latino clientele, occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Director of Real Estate, El Rio Grande Latin Market, 11411 Hillguard Road, Dallas, TX 75243; 214-7512290; Web site: www.elriogrande.net. Giant Eagle, Inc. trades as Giant Eagle at 231 locations throughout MD, OH, western PA, northern and central WV. The supermarkets occupy spaces of 12,000 sq.ft. to 150,000 sq.ft. in freestanding locations, power, specialty and strip centers. Growth opportunities are sought throughout IN, MD, OH, PA and WV during the coming 18 months. Typical leases run 20 years with options. Preferred cotenants include Home Depot, Kohl’s, Barnes & Noble, Lowe’s Home Improvement and Target. Major competitors include Tops, Shop N Save, Kroger and Giant. For more information, contact James Chickini, Erin Sondej or Jessica Bennett, Giant Eagle, Inc., 261 Kappa Drive, Pittsburgh, PA 15238; 412-963-291, Fax 412-967-6104; Emails: james.chickini@gianteagle.com, erin.sondej@gianteagle.com and jessica.bennett@gianteagle.com; Web site: www.gianteagle.com. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 25,134 locations with plans to open 1,696 sites • Real estate valued in excess of $30 million to be bought, sold & financed • Leasing activity on over 9 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 Trademark Property Co. preleasing sites in CA and TX..... Pg. 3 Buyers and Sellers DRA Advisors, LLC markets the sale of two centers in SC............. Pg. 4 Who’s Opening and Where Eddie Merlot’s to enter AZ, CO and FL........................................ Pg. 5 Food Chains Expand Texas Roadhouse takes Manhattan and the outer boroughs of New York................ Pg. 6 Sources of Financing Cherrywood Commercial Lending provides funding for subprime retail mortgages........... Pg. 7 Making the News Matysek Investment Group lines up Ben Karmelich as vice president.................................... Pg. 7 Lease Signings The Mainardi Management Co. inks deal with Whole Foods in NJ............................................... Pg. 7 Tenant Reps and Exclusives Next Realty Mid-Atlantic reps anchors...................................... Pg. 8 Lead Sheet Conn’s to enter AL, GA, MS, NC, NV, SC and VA........................... Pg. 9 Variety Wholesalers, Inc. to enter FL and IN................................... Pg. 10 Hair Cuttery to open 25 locations Pg. 10 Elements Massage to open 70 units........................................... Pg. 11 Tractor Supply Co. to open at least 150 stores........................... Pg. 12 Space Place................................ Pg. 14