Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XXVIII
July 29, 2011
Supermarket Chains Expand Nationwide Aldi, Inc. trades as Aldi at more than 1,000 locations nationwide throughout 29 states. The discount supermarkets, featuring bakery, deli, produce and meat departments, occupy spaces of 16,900 sq.ft. in freestanding locations. Growth opportunities are sought throughout GA, excluding the Atlanta metropolitan area, during the coming 18 months, with representation by Settlemyer Properties. A land area of at least two acres is required. The company will also consider locations in inline spaces of shopping centers. For more information, contact Frank Settlemyer, Settlemyer Properties, 1815 Old 41 Highway, Suite 260, Kennesaw, GA 30152; 678-766-2206, Fax 678-766-2205; Email: frank@settlemyerproperties.com; Web site: www.aldi.com. 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 within two miles earning $35,000 as the average household income. For more information, contact Don Norrenberns, Norrenberns Foods, Inc., 205 East Harnett Street, Mascoutah, IL 62258; 618-5667010, Fax 618-566-4081.
Trader Joe’s operates 350 locations nationwide. The supermarkets, offering specialty food items, occupy spaces of 12,000 sq.ft. in freestanding locations and inline spaces of mixed-use, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by IDS Real Estate Group. Preferred demographics include a population of 100,000 within four miles. A land area of 1.75 acres is required for freestanding locations. For more information, contact Silva Zeneian, IDS Real Estate Group, 515 South Figueroa Street, 16th Floor, Los Angeles, CA 90071; 213-347-6432, Fax 213-627-9937; Email: szeneian@idsrealestate.com; Web site: www.idsrealestate.com. Arden Group, Inc. trades as Gelson’s Markets at 18 locations throughout southern CA. The upscale supermarkets, offering gourmet food items and featuring seafood, deli, meat, produce and liquor/wine departments, occupy spaces of 30,000 sq.ft. to 35,000 sq.ft. in freestanding locations and mixeduse, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 20 years. For more information, contact Real Estate Manager, Arden Group, Inc., 9595 Wilshire Boulevard, Suite 411, Beverly Hills, CA 90212; 310-858-1502; Web site: www.gelsons.com. (continued on page eight)
This issue contains information on:
* Retailers operating 23,687 locations with plans to open 2,461 sites * Real estate valued in excess of $359.1 million to be bought, sold & financed * Leasing activity on over 8.2 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Post-Show ICSC New England Idea Exchange New Construction KGI Properties, LLC is developing a 177,000 sq.ft. mixed-use project in Wayland, MA........................ Pg. 3 Openings Caribou Coffee to open 10 locations throughout the Chicago, IL area..................... Pg. 4 Edible Arrangements opening 150 stores worldwide this year....................................... Pg. 9 Buyers and Sellers The Shopping Center Group is selling a Kroger- and Kmart-anchored project in Jonesboro, GA....................... Pg. 5 In the News Retail Select Services was formed by Jesse Rehmeier and Jeff Straka.............................. Pg. 6 Lease Signings Legend Properties, Inc. negotiated a lease with Michaels in Bala Cynwyd, PA Pg. 6 Food Retailers Expand Brothers Bar & Grill looking to enter into seven states........ Pg. 7 Sources of Financing NorthMarq Capital arranged financing for a mixed-use project in Baltimore, MD....... Pg. 8 Exclusives Wilson Commercial Real Estate named leasing agent for shopping centers throughout CA......................................... Pg. 9 Lead Sheet Wash & Tan to enter into the TX market.............................. Pg. 12 Sur La Table projects 10 store openings by end of 2012....... Pg. 14 Space Place........................... Pg. 16
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