Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XXXV
September 13, 2013
FEATURING supermarket Chains Expand Nationwide Ahold USA trades as Stop & Shop at 375 locations throughout CT, MA, NH, NJ, NY and RI. The supermarkets, featuring bakery, deli, produce, floral and seafood departments, as well as pharmacy, occupy spaces of 35,000 sq.ft. to 70,000 sq.ft. in freestanding locations, mixed-use and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. Preferred cotenants include home improvement and discount department stores. Preferred demographics include a population of 30,000 within two miles. For more information, contact Tara Mullen, Ahold USA, 1385 Hancock Street, Quincy, MA 02169; 617-770-8626, Fax 617-770-6222; Web site: www.stopandshop.com. C & K Market, Inc. trades as Ray’s Food Place, Shop Smart and C & K Market at 60 locations throughout CA and OR. The supermarkets occupy spaces of 20,000 sq.ft. to 46,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years with two, five-year options. A vanilla shell is required. Preferred demographics include a population of 20,000 within five miles. Major competitors include Safeway. For more information, contact Kevin Crumley, C & K Market, Inc., 615 Fifth Street, Brookings, OR 97415; 541-469-3113, Fax 541-469-6717.
Saker ShopRite, Inc. trades as ShopRite at 29 locations throughout NJ. The supermarkets occupy spaces of 60,000 sq.ft. to 70,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout central NJ during the coming 18 months. For more information, contact Howard Snowiss, Saker ShopRite, Inc., 922 Highway 33, Freehold, NJ 07728; 732-462-4700, Fax 732294-2322. Save-A-Lot operates 1,300 locations nationwide in 36 states. The supermarkets occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding locations, strip and value centers, as well as urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include value retailers. Preferred demographics include a population of 30,000 within three miles earning $30,000 to $40,000 as the median household income. Major competitors include Aldi. A land area of two acres is required for freestanding lcoations. For more information, contact Real Estate Department, Save-A-Lot, 100 Corporate Office Drive, Earth City, MO 63045; 314-264-7854, Fax 314-264-7885; Email: realestate@savealot.com; Web site: www.save-a-lot.com. (continued on page fifteen)
This issue contains information on: • Retailers operating 84,563 locations with plans to open 2,934 sites • Real estate valued in excess of $60 million to be bought, sold & financed • Leasing activity on over 6.6 million sq.ft. of retail properties Postmaster: Periodical ews
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ICSC pa/nj/de idea exchange New Construction Rock Commercial preleasing shopping center in PA................ Pg. 3 Observations & Conversations.... Pg. 4 Buyers & Sellers The Goldstein Group marketing sites for sale in NJ....................... Pg. 6 Food Chains Expand Jersey Mike’s Subs ramps up growth in NJ and eastern PA....... Pg. 8 Marco’s Pizza plans to open 100 locations..................................... Pg. 8 Buffalo Wild Wings expands in select markets in NJ.................... Pg. 8 Who’s Opening & Where GRILLiT to open restaurants in NJ and PA................................... Pg. 11 Lease Signings Bennett Williams inks deal with Five Guys in NJ.......................... Pg. 14 Making the News Transwestern taps talent for its tenant advisory services.............. Pg. 15 Exclusives Silbert Realty reps Wakefern Food in PA................................. Pg. 18 RJ Brunelli handling expansion in select markets of NJ................ Pg. 18 Lead Sheet America’s Kids wants more in NJ and NY....................................... Pg. 19 The Pep Boys to grow in DE, NJ and select regions of PA............. Pg. 19 Ace Hardware hot for more sites in DE, NJ and eastern PA............ Pg. 21 Lifeway Christian Stores plans to open up to 14 locations nationwide................................. Pg. 22 Space Place................................ Pg. 24