Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XXX
August 13, 2010
Supermarket Chains Expand Nationwide Tops Markets, LLC trades as Tops Markets at 131 locations throughout central and western NY and northern PA. The neighborhood supermarkets, featuring meat, produce, deli, seafood, bakery and floral departments, as well as gasoline facilities in some locations, occupy spaces of 50,000 sq.ft. to 70,000 sq.ft. in power and strip centers. Limited growth opportunities are sought throughout central and western NY during the coming 18 months. A land area of more than six acres is required. For more information, contact Tom Fitzgerald, Tops Markets, LLC, PO Box 1027, Buffalo, NY 14240; 716-635-5130, Fax 716-635-5979; Email: tfitzgerald@topsmarkets.com; Web site: www.topsmarkets.com. Thompson Hospitality trades as Marvelous Market at 11 locations throughout VA and Washington, DC. The European markets and quick-service food stores occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in suburban areas. Plans call for three to five openings throughout the existing markets during the coming 18 months. Preferred cotenants include upscale retail and convenience stores. The company prefers to locate in areas with dense daytime traffic and affluent demographics. For more information, contact Shawn O’Quinn, Thompson Hospitality, 505 Huntmar Park Drive, Suite 350, Herndon, VA 20170; 703-964-5500, Fax 703-964-0199; Email: soquinn@thompsonhospitality.com; Web site: www.marvelousmarket.com.
Ronetco Supermarkets, Inc. trades as ShopRite at seven locations throughout NJ. The supermarkets occupy spaces of 65,000 sq.ft. to 75,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout northwestern NJ and northeastern PA during the coming 18 months. Typical leases run 25 years with options. A vanilla shell and specific improvements are required. Preferred cotenants include Home Depot and Target. Major competitors include A&P, Walmart, Stop & Shop and Pathmark. Preferred demographics include a population of 50,000 within three miles earning $60,000 as the average household income. A land area of 10 acres is required for freestanding locations. The company will consider acquiring sites. For more information, contact Vic Pocorobba, Ronetco Supermarkets, Inc., 1070 Route 46, Ledgewood, NJ 07852-9735; 973-927-8300 Ext. 330, Fax 973-927-4953. JTM Corp. trades as Piggly Wiggly at 19 locations throughout AL and GA. The supermarkets occupy spaces of 35,000 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 Keith Milligan, JTM Corp., 3745-C U.S. Highway 80 West, Phenix City, AL 36870; 334298-1974, Fax 334-298-5112; Web site: www.pigglywiggly.net. (continued on page eight)
This issue contains information on:
* Retailers operating 20,917 locations with plans to open 1,970 sites * Real estate valued in excess of $100.1 million to be bought, sold & financed * Leasing activity on over 10.5 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Pre-Show ICSC Florida Conference New Construction Cousins Properties is preleasing a mixed-use project in Atlanta, GA........................................... Pg. 3 The Shopping Center Group, LLC is selling a strip center in Miami Gardens, FL................... Pg. 6 Openings Yogen Fruz USA, Inc. to open 30 locations throughout AL, LA and MI during the next several years......................................... Pg. 4 Pizza Patron, Inc. to open 16 locations throughout the Atlanta, GA metropolitan area................ Pg. 9 Buyers & Sellers Reichel Realty brokered the sale of a Winn-Dixie anchored center in FL.............................. Pg. 5 Sources of Financing Brighton Capital Corp. provides financing for mixed-use and retail properties nationwide...... Pg. 6 Food Retailers Expand Family Buffet, Inc. plans to enter into the CT, FL and MO markets Pg. 7 In the News Opus North Corp. hired Matt Rauenhorst as director of retail development and leasing.......... Pg. 8 Exclusives The McDevitt Co. represents Anthropologie with the chain’s expansion nationwide.............. Pg. 9 Lease Signings Mid-America Real Estate Group negotiated a deal with T.J. Maxx in McHenry, IL......................... Pg. 10 Lead Sheet Great Escape Theatres seeking locations east of the Rocky Mountains................................ Pg. 13 Mr. Alan’s Shoes & Sportswear, Inc. looks to open locations throughout FL........................... Pg. 14 Space Place.............................. Pg.16
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