Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XXXI
August 19, 2011
Supermarket Chains Expand Nationwide Thompson Hospitality trades as Marvelous Market at 11 locations throughout VA and Washington, DC. The supermarkets, featuring bakery and deli departments and also offering gourmet food items, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in various types of settings. Plans call for three to five openings throughout the existing markets during the coming 18 months. Preferred cotenants include upscale retailers and convenience stores. Preferred demographics include a population earning an above-average household income. The company prefers to locate in areas with high daytime traffic counts. 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. Magruders, Inc. trades as Magruders at seven locations throughout MD, VA and Washington, DC. The supermarkets, featuring produce, meat, deli and seafood departments, as well as offering wine and spirits, occupy spaces of 25,000 sq.ft. to 32,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Steven Fanaroff, Magruders, Inc., 11820 Parklawn Drive, Rockville, MD 20852; 301-2303000 Ext. 306, Fax 301-230-3023; Web site: www.magruders.com.
Corrado’s Family Affair operates one location in Clifton, NJ. The specialty supermarket prefers to occupy spaces of 50,000 sq.ft. to 250,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout NJ and NY, excluding Long Island, during the coming 18 months, with representation by Landmark Real Estate Co. The company prefers to anchor shopping centers and will only acquire sites. For more information, contact Larry Liebowitz, Landmark Real Estate Co., 392 Main Street, Wycoff, NJ 07481; 201-560-1800, Fax 201-5600600; Email: ll@landmarkreco.com; Web site: www.corradosmarket.com. Piggly Wiggly Carolina Co., Inc. trades as Piggly Wiggly at 97 locations throughout GA and SC. The supermarkets, featuring meat, produce, bakery, deli, floral and pharmacy departments, as well as gasoline facilities in some locations, occupy spaces of 25,000 sq.ft. to 45,000 sq.ft. in freestanding locations and power and strip centers, as well as downtown areas. Limited growth opportunities are sought throughout SC during the coming 18 months. The company is site-selective and requires site submittals to be sent via mail. For more information, contact Les McClanahan, Piggly Wiggly Carolina Co., Inc., 176 Crogan Spur Road, Charleston, SC 29407; Web site: www.thepig.net. (continued on page eight)
This issue contains information on:
* Retailers operating 76,649 locations with plans to open 6,579 sites * Real estate valued in excess of $174.5 million to be bought, sold & financed * Leasing activity on over 5.4 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring National Focus New Construction Vestar Development Co. is developing a 600,000 sq.ft. project in Queen Creek, AZ Pg. 3 Buyers and Sellers Net Leased Developers acquired a 21,000 sq.ft. Office Depot in Biloxi, MS............... Pg. 4 Loja Real Estate, LLC, acquired a 98,403 sq.ft. mixed-use center in Encinitas, CA........... Pg. 4 Openings Rent-A-Center to open 25 rent-to-own stores nationwide during fiscal 2011.................. Pg. 5 Food Retailers Expand Dolly’s Pizza seeking sites from MI southeast to FL......... Pg. 6 In the News Shea Properties hired Bryan McGowan as COO and CFO Pg. 7 Exclusives Midland Atlantic represents Save-A-Lot throughout IN and markets in northwestern OH Pg. 8 Sources of Financing Marcus & Millichap, on behalf of a client, provides construction financing for properties nationwide............ Pg. 10 Lease Signings De Rito Partners, Inc. negotiated two leases with Pet Club in AZ............................. Pg. 10 Lead Sheet Loeks Theatres, Inc. to open movie theaters nationwide..... Pg. 12 Flip Flop Shops seeking locations nationwide............. Pg. 13 Space Place........................... Pg. 16
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