Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XXXII
August 23, 2013
FEATURING supermarket Chains Expand Nationwide Nature’s Pavilion operates two locations in NJ and NY. The supermarkets, offering natural and organic food items, occupy spaces of 4,000 sq.ft. to 8,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Plans call for three openings throughout northern NJ during the coming 18 months, with representation by Jeffery Realty, Inc. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include upscale retailers. Preferred demographics include a population of 50,000 within three miles earning $70,000 as the average household income. Major competitors include Trader Joe’s and Whole Foods. For more information, contact Bill Farkas, Jeffery Realty, Inc., 116 Route 22 East, North Plainfield, NJ 07060; 908-668-9600 Ext. 215, Fax 908-6685225; Email: bfarkas@jefferyrealty.com; Web site: www.jefferyrealty.com. Schnuck Markets, Inc. trades as Schnuck Markets at 100 locations throughout IA, IL, IN, MO and WI. The supermarkets occupy spaces of 55,000 sq.ft. to 80,000 sq.ft. in shopping centers. Growth opportunities are sought throughout the Midwest region of the U.S. during the coming 18 months. A land area of at least six acres is required. The company prefers to acquire sites or build to suit. For more information, contact Dave Fontana, Schnuck Markets, Inc., 11420 Lackland Road, St. Louis, MO 63146; 314-994-9900, Fax 314-9944040; Web site: www.schnucks.com.
Western Beef, Inc. trades as Western Beef Supermarket at 25 locations throughout FL and the New York, NY metropolitan area. The warehouse style supermarkets occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in urban areas, along with spaces of 30,000 sq.ft. to 50,000 sq.ft. in suburban areas. Growth opportunities are sought throughout southeastern FL and Nassau County, Yonkers and the surrounding boroughs of New York, NY during the coming 18 months. The company also operates five Junior’s Food Outlet stores throughout the New York, NY area and is seeking spaces of 10,000 sq.ft. to 15,000 sq.ft. throughout existing areas. For more information, contact Santino Montalbano, Danielle Aristy or Sandi Lohay, Western Beef, Inc., 718-417-3770; Email: santino@westernbeef.com; Web site: www.westernbeef.com. Save-A-Lot operates 1,300 locations nationwide. The supermarkets occupy spaces of 14,000 sq.ft. to 16,000 sq.ft. in freestanding locations and in line spaces of shopping centers. Growth opportunities are sought throughout Broward and Palm Beach counties in FL during the coming 18 months, with representation by The Rotella Group. Preferred demographics include a trade-area population of 50,000 earning up to $40,000 as the median household income. (continued on page sixteen)
This issue contains information on: • Retailers operating 87,766 locations with plans to open 2,367 sites • Real estate valued in excess of $71 million to be bought, sold & financed • Leasing activity on over 3.6 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
icsc florida conference New Construction Benderson Development breaking ground in Sarasota, FL................ Pg. 4 Observations and Conversations Pg. 6 Profile American Commercial Realty..... Pg. 8 Who’s Opening and Where Burger 21 goes West ................. Pg. 14 Trader Joe’s hot for FL................. Pg. 14 Food Chains Expand Sloan’s Ice Cream sweet on more sites in FL................................... Pg. 15 Supermarket Chains Expand Fresh City Market expanding nationwide................................. Pg. 16 Exclusives Investment Management Associates representing food concepts throughout FL............................. Pg. 17 Lease Signings S.L. Nusbaum inks deals in VA.... Pg. 18 Buyers and Sellers Schaffer & Associates acquiring supermarket anchored shopping centers in the sunbelt region of the U.S....................................... Pg. 19 Sources of Financing Kennedy Funding places loans on multiple shopping centers...... Pg. 20 Making the News Cassidy Turley promotes five in MN............................................. Pg. 20 Lead Sheet Children’s Place seeking additional locations in FL............ Pg. 21 Piana Beaute to enter the sunshine state............................. Pg. 21 Space Place................................ Pg. 26 Most Valuable Players................ Pg. 34