Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XXVII
July 19, 2013
FEATURING supermarket Chains Expand Nationwide Wegman’s Food Markets, Inc. trades as Wegman’s Food Markets at 81 locations throughout MA, MD, NJ, NY, PA and VA. The upscale supermarkets featuring produce, bakery, seafood, meat, floral and pharmacy departments, as well as offering catering services, occupy spaces of 120,000 sq.ft. to 140,000 sq.ft. in freestanding locations, lifestyle and power centers. Plans call for five openings throughout the existing markets, excluding NY, during the coming 18 months. Typical leases run 20 years with initial term. Preferred demographics include a population of 50,000 within three miles earning $85,000 as the average household income. The company prefers to acquire sites or ground leases. For more information, contact Paul Gilbert, Wegman’s Food Markets, Inc., PO Box 30844, Rochester, NY 14603-0844; 585-464-4755, Fax 585-783-4255; Email: paul.gilbert@wegmans.com; Web site: www.wegmans.com. Golub Corp. trades as Price Chopper at 132 locations throughout CT, MA, NH, NY, PA and VT. The supermarkets occupy spaces of 30,000 sq.ft. to 60,000 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 Don Orlando, Golub Corp., 461 Knott Street, Schenectady, NY 12308.
K.V. Mart Co. trades as Top Valu Markets at six locations throughout CA. The supermarkets, featuring deli, bakery, produce, seafood and wine and beer departments, occupy spaces of 25,000 sq.ft. to 31,000 sq.ft. in strip centers. Growth opportunities are sought throughout the San Francisco Bay area during the coming 18 months. Typical leases run 20 years. For more information, contact Marie Lupita Bowers, K.V. Mart Co., 1245 East Watson Center Road, Carson, CA 90745-4207; 310-816-0200 Ext. 760, Fax 310-816-0201. Sedano’s Supermarkets operates 34 locations throughout central and southern FL. The supermarkets occupy spaces of 25,000 sq.ft. to 45,000 sq.ft. in freestanding locations, neighborhood and power centers. Growth opportunities are sought throughout southern FL during the coming 18 months. Typical leases run five years with four, five-year options. Preferred demographics include a population of 25,000 within a three-mile radius. The company prefers to locate in areas with high foot and vehicular traffic counts. For more information, contact Damon DelRossi, Sedano’s Supermarkets, 8500 Southwest 8th Street, Suite 228, Miami, FL 33144; 305-262-6533, Fax 305-262-4118; Email: damon@greccorp.com; Web site: www.sedanos.com. (continued on page twelve)
This issue contains information on: • Retailers operating 36,683 locations with plans to open 2,352 sites • Real estate valued in excess of $130 million to be bought, sold & financed • Leasing activity on over 8.4 million sq.ft. of retail properties Postmaster: Periodical ews
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icsc new england idea exchange New Construction HUNT Commercial preleasing retail site in Brockport, NY......... Pg. 4 Buyers & Sellers Katz Properties LLC acquired Stop & Shop anchored center in MA and is open to buy throughout the east coast............ Pg. 5 Observations & Conversations.... Pg. 6 Who’s Opening & Where Beef Jerky Outlet on a national rollout........................................ Pg. 7 Aldi to open 100 supermarkets on the west coast........................ Pg. 7 Profiles New England Retail Properties.... Pg. 8 Royal Properties, Inc................... Pg. 10 Home Related Chains Expand Grossman’s Bargain Outlet wants more of New England................. Pg. 11 Exclusives The Shopping Center Group takes on the leasing of a BJ’s Wholesale anchored center in NC............................................. Pg. 11 Sources of Financing Cronheim Mortgage arranged the financing of a $10 million loan.... Pg. 13 Lease Signings The Katsias Co. inks deals throughout VA............................ Pg. 13 Making the News Lane 4 Property Group, Inc. taps more talent................................. Pg. 13 Lead Sheet rue 21 expands throughout New England...................................... Pg. 15 Von Maur to enter AL, GA, NY, OK and WI................................. Pg. 16 Ollie’s Bargain Outlet eyes AL as a new market.............................. Pg. 16 Space Place................................ Pg. 20