Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. XXIX
August 3, 2012
Supermarket Chains Expand Nationwide Save-A-Lot operates 1,300 locations nationwide throughout 37 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 Real Estate Department, Save-A-Lot, 100 Corporate Office Drive, Earthy City, MO 63045; 314-264-7854, Fax 314-264-7885; Email: realestate@savealot.com; Web site: www.save-a-lot.com. Marsh Supermarkets, LLC trades as Marsh Supermarkets and O’Malia’s at 94 locations throughout IN and OH. The supermarkets, featuring bakery, meat, seafood, produce and floral departments, as well as a gift shop and wine department, and a pharmacy in select locations, 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 markets during the coming 18 months. For more information, contact Brent Edstrom or Bill Marsh, Marsh Supermarkets, LLC, 9800 Crosspointe Boulevard, Indianapolis, IN 46256; 317-594-2100; Web site: www.marsh.net.
Wakefern Food Corp. trades as Price Rite at 40 locations throughout CT, DE, MA, MD, NJ, NY, PA and RI. The supermarkets occupy spaces of 25,000 sq.ft. to 45,000 sq.ft. in freestanding locations, strip centers, shopping centers and urban/downtown areas. Growth opportunities are sought throughout VA during the coming 18 months. Typical leases run 10 years with four, five or six year options. Preferred cotenants include Bed Bath & Beyond, Home Depot, Kohl’s, Target, Lowe’s Home Improvement, Aaron’s, Family Dollar and T.J. Maxx. Preferred demographics include a population of 70,000 within five earning $25,000 to $50,000 as the median household income. The company prefers second-generation spaces, but will consider ground-up locations on a land area of at least three acres. The company also trades as ShopRite at 200 locations throughout CT, DE, MD, NJ and Long Island and the surrounding boroughs in New York, NY, as well as in PA. The supermarkets, offering bakery, produce, meat and seafood departments, occupy spaces of 60,000 sq.ft. to 80,000 sq.ft. in freestanding locations, neighborhood, power and strip centers, as well as in urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include Target, Home Depot, Lowe’s Home Improvement and other big box retailers. Preferred demographics include a population of 40,000 to 60,000 within three to five miles. Major competitors include area supermarkets. A (continued on page eight)
This issue contains information on:
* Retailers operating 65,749 locations with plans to open 2,849 sites * Real estate valued in excess of $43 million to be bought, sold & financed * Leasing activity on over 6 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Pacific Northwest Idea Exchange New Construction DeBartolo Development preleasing two centers in FL Pg. 4 Buyers & Sellers Goodman Real Estate Services Group, LLC has several centers in the midwest on the selling block.......................... Pg. 5 Food Chains Expand Runza Restaurants takes a run at entering additional midwestern and northwestern states..................................... Pg. 6 Lease Signings Venture Commercial reps LA Fitness in Dallas, TX deal....... Pg. 7 Vernick & Associates does two deals with Charming Charlie in IL........................... Pg. 7 Who’s Opening & Where Visionworks eyes the Philadelphia, PA market for sites....................................... Pg. 8 Lead Sheet Anytime Fitness continues growth nationwide................ Pg. 11 Kidville jumps for sites in NY Pg. 12 Exclusives KB Real Estate reps Bargains In A Box................................ Pg. 14 In The News SRS Real Estate Partners tap market leader for St. Louis..... Pg. 14 Space Place........................... Pg. 14
For more news go to: www.dealmakers.net Mobile Access Code: pacnw2012