Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. XXXII
August 24, 2012
Supermarket Chains Expand Nationwide Save-A-Lot operates 1,300 locations nationwide. The discount supermarkets occupy 14,000 sq.ft. to 16,000 sq.ft. in freestanding locations and inline 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 at least $40,000 as the median household income. The company prefers to locate in areas with strong street visibility and an average daily traffic count of 15,000 vehicles. A land area of two acres is required for freestanding locations. For more information, contact Steve Miller, The Rotella Group, 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: steve@rotellagroup.com; Web site: www.rotellagroup.com. Autry Greer & Sons, Inc. trades as Greers at 29 locations throughout AL, FL and MS. The supermarkets occupy spaces of 12,000 sq.ft. to 28,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company is seeking store relocations and will consider the right opportunity on a case by case basis. For more information, contact Barton Greer, Autry Greer & Sons, Inc., 2850 West Main Street, Prichard, AL 36612; 251-457-8655, Fax 251-456-3744; Web site: www.greers.com.
K-VA-T Food Stores, Inc. trades as Food City and Super Dollar Discount Foods at 107 locations throughout southeastern KY, eastern TN and southwestern VA. The supermarkets occupy spaces of 38,000 sq.ft. to 53,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought for the Food City concept throughout the existing markets during the coming 18 months. Typical leases run 20 years. Major competitors include Food Lion, Kroger, Walmart and Ingles Markets. A land area of 5.5 acres is required for freestanding locations. For more information, contact Lou Scudere, K-VA-T Food Stores, Inc., PO Box 1158, Abington, VA 24212; 276-623-5100, Fax 276623-5447; Web site: www.foodcity.com. Norrenberns Foods, Inc. trades as Tom’s Supermarket and Tom’s Priced Right Foods and Tom’s Mad Pricer at 10 locations throughout IL. The supermarkets occupy spaces of 15,000 sq.ft. to 25,000 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. (continued on page twenty)
This issue contains information on:
* Retailers operating 23,899 locations with plans to open 852 sites * Real estate valued in excess of $91 million to be bought, sold & financed * Leasing activity on over 7 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Florida Conference New Construction FFO Real Estate Advisors to develop outlet centers in AK, CO and MS......................... Pg. 4 Observations & Conversations Pg. 6 Buyers & Sellers Marcus & Millichap brokered the sale of a Kmart in FL...... Pg. 8 Who’s Opening & Where Hwy. 55 Burgers Shakes and Fries makes a major push in FL, SC and VA..................... Pg. 10 Food Retailers Expand Abbott’s Frozen Custard to enter new markets along the east coast............................. Pg. 14 Bruster’s Real Ice Cream continues growth................. Pg. 14 Exclusives Divaris Real Estate Inc. reps Leonard Drake Skin Care Centers................................ Pg. 16 Lead Sheet Big Lots eyes FL for growth
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Shiekh Shoes set to enter FL Pg. 24 Steve Madden wants more in FL........................................ Pg. 24 Lease Signings Velocity Retail Group brokers Hobby Lobby deal in Phoenix, AZ........................ Pg. 27 DeBartolo Development LLC inks lease with The Fresh Market in FL........................ Pg. 28 Space Place......................... Pg. 29 Most Valuable Players......... Pg. 38
For more news go to: www.dealmakers.net Mobile Access Code: FLcon2012