Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XXXVII
September 30, 2011
Supermarket Chains Expand Nationwide Giant Food Stores, LLC trades as Giant and Martin’s at 185 locations throughout MD, PA, VA and WV. The supermarkets, featuring deli, bakery, produce, floral, meat and seafood departments, as well as offering health and beauty items, pet supplies and natural food products, occupy spaces of 30,000 sq.ft. to 73,000 sq.ft. in freestanding locations and lifestyle, power and strip centers. Plans call for four to six openings throughout the existing markets during the coming 18 months. Typical leases run 20 years. For more information, contact Joe LaCagnina, Giant Food Stores, LLC, 1149 Harrisburg Pike, Carlisle, PA 17013; 717240-7601, Fax 717-240-7595; Email: joseph.lacagnina@aholdusa.com. Meijer, Inc. trades as Meijer at 199 locations throughout IL, IN, KY, MI and OH. The stores, featuring a full-service grocery department as well as apparel, automotive, home décor, health and beauty, electronics and pet supplies departments, in addition to a pharmacy, occupy spaces of 156,000 sq.ft. to 192,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of 15 to 25 acres is required for freestanding locations. For more information, contact Mike Kinstle, Meijer, Inc., 2929 Walker Avenue Northwest, Grand Rapids, MI 49544; 616-453-6711, Fax 616-735-8887; Web site: www.meijer.com.
Hy-Vee, Inc. trades as Hy-Vee Food Stores at 233 locations throughout IA, IL, KS, MN, MO, NE, SD and WI. The supermarkets, featuring bakery, floral, gift, home and garden and photo departments, as well as a pharmacy, occupy spaces of 35,000 sq.ft. to 85,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. For more information, contact Dennis Ausenhus, Hy-Vee, Inc., 5820 Westown Parkway, West Des Moines, IA 50266; 515267-2837, Fax 515-267-2967; Web site: www.hy-vee.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, featuring bakery, deli, floral and pharmacy departments, 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. (continued on page seven)
This issue contains information on:
* Retailers operating 66,323 locations with plans to open 3,320 sites * Real estate valued in excess of $110.1 million to be bought, sold & financed * Leasing activity on over 4.5 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Pre-Show ICSC PA/NJ/DE Idea Exchange New Construction The Howard Hughes Corp. is developing a project in Charlotte, NC........................ Pg. 4 Buyers and Sellers Westwood Financial sold a center in Scottsdale, AZ to Whitestone REIT.................... Pg. 5 Openings Family Dollar Stores, Inc. looks to open 300 locations nationwide............................ Pg. 6 Exclusives The Rappaport Cos. named leasing and management agent for a 103,070 sq.ft. center in Rockville, MD......... Pg. 7 Food Retailers Expand Beef O’Brady’s seeking sites nationwide and internationally....................... Pg. 8 In the News Grosvenor Americas named Michael Beattie chief investment officer.................. Pg. 9 Lease Signings Breslin Realty negotiated three leases with Spirit Halloween throughout NY....................... Pg. 10 Lead Sheet Ollie’s Bargain Outlet to enter MI, SC and TN....................... Pg. 12 S&A Stores, Inc. looks to enter the Philadelpha, PA market.... Pg. 13 Sources of Financing George Smith Partners arranged financing for shopping centers in CA and NV........................................ Pg. 16 Space Place........................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: prephilly2011