Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXIX
August 7, 2009
Supermarket Chains Expand Nationwide Aldi, Inc. trades as Aldi at 1,000 locations nationwide throughout 30 states. The supermarkets, offering private-label meat, produce, dairy, frozen food and bakery items, along with beer and wine in select states, occupy spaces of 16,900 sq.ft. in freestanding locations. Growth opportunities are sought throughout GA, excluding the Atlanta, GA metropolitan area and above the Macon line in Bibb County, during the coming 18 months, with representation by Settlemyer Properties. A land area of two acres is required. The company will also consider inline spaces. 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. Metropolitan Market operates six locations throughout WA. The supermarkets, featuring a bakery and butcher shop along with seafood, deli and cheese counters, occupy spaces of 30,000 sq.ft. to 32,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout Seattle, WA during the coming 18 months. Preferred demographics include a population of 30,000 within two miles. For more information, contact Dale Chandler, Metropolitan Market, 3301 South Norfolk Street, Seattle, WA 98118; 206-763-7949, Fax 206-7678751; Email: dchandler@unifiedgrocers.com; Web site: www.metropolitan-market.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 Prices at 11 locations throughout IL. The supermarkets occupy spaces of 12,000 sq.ft. to 20,000 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. Spartan Stores trades as Family Fare’s, Glen’s Markets, Felpausch, VG’s Food & Pharmacy, Quickstops and D&W Freshmarkets at 100 locations throughout MI and OH. The supermarkets occupy spaces of 21,000 sq.ft. to 50,000 sq.ft. in freestanding locations, endcaps and strip centers. Plans call for two to four openings throughout MI during the coming 18 months. Typical leases run 15 to 20 years. Specific improvements are required. A land area of seven to 10 acres is required for freestanding locations. For more information, contact Cliff Sasfy, Spartan Stores, PO Box 8700, Grand Rapids, MI 49518; 616-878-2000, Fax 616-878-8561; Email: cliff_sasfy@spartanstores.com; Web site: www.spartanstores.com. (continued on page three)
This issue contains information on:
* Retailers operating 25,403 locations with plans to open 2,524 sites * Real estate valued in excess of $376.18 million to be bought, sold & financed * Leasing activity on over 6.73 million sq.ft. of retail properties
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Featuring Pre-Show ICSC Florida Conference Buyers & Sellers Stan Johnson Co. is selling two 7-Eleven sites in Orlando, FL........................... Pg. 4 Coldwell Banker Commercial NRT looks to acquire properties throughout southwest FL.......................... Pg. 7 Sevell Realty Partners, Inc. is selling a freestanding building located in Daytona Beach, FL Pg. 7 Openings Sonic Drive-In moves into MA Pg. 6 hhgregg will open stores throughout Tampa, FL and Memphis, TN........................ Pg. 7 New Construction BLF Realty, PA is preleasing a mixed-use center in Winter Garden, FL............................ Pg. 8 Sources of Financing Meridian Capital Group, LLC provided a $5.27 million loan for a property in Hollywood, FL....................... Pg. 9 In The News Coreland Cos. promoted Matthew Hammond to director, retail brokerage........ Pg. 9 Lease Signings Neal Realty & Investments, Inc. negotiated leases throughout FL........................ Pg. 10 Food Retailers Expand Johnny Rockets looks for sites nationwide............................ Pg. 10 Leadsheet Brooks Auto Parts looks to expand throughout GA.......... Pg. 11 EJ’s Shoes looks for sites throughout AZ, CA, MO and TX................................... Pg. 14 Space Place........................... Pg. 16
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