Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XXVIII
August 1, 2014
FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE New Albertsons, Inc. trades as Shaw’s Supermarket and Star Market at 155 locations throughout MA, ME, NH, RI and VT. The supermarkets occupy spaces of 55,000 sq.ft. in freestanding locations, mixed-use and strip centers, as well as urban areas. Growth opportunities are sought the existing markets during the coming 18 months. The company will also consider spaces from 35,000 sq.ft. to 55,000 sq.ft. For more information, contact Steve Jenkins, New Albertsons, Inc., 750 West Center Street, West Bridgewater, MA 02379; 508-313-4612; Email: steven.jenkins@shaws.com; Web site: www.shaws.com. Norrenberns Foods, Inc. trades as Tom’s Supermarkets and Tom’s Priced Right Foods at five 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 at least $35,000 as the average household income. For more information, contact Don Norrenberns, Norrenberns Foods, Inc., 205 East Harnett Street, Mascoutah, IL 62258; 618-566-7010, Fax 618-566-4081; Email: info@tomsmarket.com; Web site: www.tomsmarket.com.
The Fresh Market operates more than 150 locations throughout AL, AR, CA, CT, FL, GA, IL, IN, KS, KY, LA, MA, MD, MS, NC, NH, NJ, NY, OH, OK, PA, SC, TN, TX, VA and WI. The markets, offering seafood, deli, floral and health and beauty departments, as well as offering bulk and prepared food items and a wine selection, occupy spaces of 20,000 sq.ft. in freestanding locations, power and specialty centers. Growth opportunities are sought throughout MD, northern VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty. For more information, contact Charlie Phelps, Paraclete Realty, 111 Cameron Parke Place, Suite 100, Alexandria, VA 22304; 301-536-7900; Email: charlie@paracleterealty.com; Web site: www.paracleterealty.com. Glass Garden, Inc. trades as ShopRite at 10 locations in NJ and NY. The supermarkets occupy spaces of 73,000 sq.ft. in freestanding locations, lifestyle, power, specialty and strip centers. Plans call for two openings throughout CT, NJ, NY and PA during the coming 18 months. Typical leases run 20 years with options. A land area of at least nine acres is required for freestanding locations. For more information, contact Ben Focarino, Glass Garden, Inc., 204 Passaic Street, Rochelle Park, NJ 07662-3118; 201-843-1364; Email: benfocarino@verizon.net; Web site: www.shoprite.com. (continued on page twelve)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 37,832 locations with plans to open 2,547 sites • Real estate valued in excess of $125 million to be bought, sold & financed • Leasing activity on over 6.9 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T IT R D
IMPO SE EXPE PLEA
ICSC NEW ENGLAND IDEX New Construction Lane4 Property Group preleasing regional center in KS.................. Pg. 4 Buyers and Sellers CBRE closes $60 milllion sale of Sprouts Farmers Market anchored center.......................... Pg. 5 Observations and Conversations Pg. 6 Tenant Reps and Exclusives R.J. Brunelli reps Primrose Schools in select markets of NJ.... Pg. 7 Food Chains Expand Twin Peaks expands in the northeast and on the west coast Pg. 8 Alamo Drafthouse Cinema to enter New England..................... Pg. 10 Lease Signings FIP Realty Services, LLC inks deal with Presidente Supermarkets..... Pg. 11 Sources of Financing Brown Gibbons Lang & Co. launches new division................ Pg. 11 Making the News Cullinan Properties, Ltd. hires vice president............................. Pg. 11 Lead Sheet Push Pedal Pull to enter AR, KS and MO...................................... Pg. 14 Field & Stream to open up to 15 stores on the east coast............... Pg. 15 Sur La Table to open up to seven stores.......................................... Pg. 16 REI looks at New England for growth opportunities.................. Pg. 16 Space Place................................ Pg. 18