Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XLIV
November 18, 2011
Supermarket Chains Expand Nationwide Grocery Outlet, Inc. trades as Grocery Outlet at 153 locations throughout AZ, northern CA, ID, NV, OR and WA. The discount supermarkets occupy spaces of 14,000 sq.ft. to 20,000 sq.ft. in freestanding locations and specialty, strip and value centers. Growth opportunities are sought throughout CA, OR and WA during the coming 18 months. Typical leases run five to 10 years. A basic shell is required. Preferred demographics include a population of 10,000 within three miles earning $50,000 as the average household income. Major competitors include Walmart Supercenter. A land area of at least two acres is required. The company prefers to acquire sites. For more information, contact Marc Drasin, Grocery Outlet, Inc., 2000 5th Street, Berkeley, CA 94710-1918; 510-704-2819, Fax 510-6491484; Email: mdrasin@cfgo.com; Web site: www.groceryoutlets.com. JTM Corp. trades as Piggly Wiggly at 19 locations throughout AL and GA. The supermarkets, offering discounted groceries, occupy spaces of 35,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Keith Milligan, JTM Corp., 3745-C U.S. Highway 80 West, Phenix City, AL 36870; 334298-1974, Fax 334-298-5112; Web site: www.pigglywiggly.net.
Aldi, Inc. trades as Aldi at more than 1,000 locations nationwide throughout 29 states. The supermarkets, offering discounted fresh produce, meat and bakery items, wine and beer and household products, occupy spaces of 15,000 sq.ft. to 18,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout NC, SC and southern VA during the coming 18 months. For more information, contact Todd Bonnett, Aldi, Inc., 1985 Old Union Church Road, Salisbury, NC 28146; 704-642-0023 Ext. 122; Web site: www.aldi.com. Trader Joe’s operates 350 locations nationwide. The supermarkets, offering specialty food products and gourmet and organic items, as well as beer and wine, occupy spaces of 11,000 sq.ft. to 13,000 sq.ft. in freestanding locations and power, specialty and strip centers. Growth opportunities are sought throughout NJ and Rockland County, NY during the coming 18 months, with representation by R.J. Brunelli & Co., Inc. Typical leases run 10 years. Specific improvements are required. The company prefers to locate in areas with a population earning middle- to upper-level incomes. For more information, contact Ron DeLuca, R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732721-9241; Email: rdeluca@njretailrealty.com; Web site: www.njretailrealty.com. (continued on page fourteen)
This issue contains information on:
* Retailers operating 51,949 locations with plans to open 2,195 sites * Real estate valued in excess of $428.5 million to be bought, sold & financed * Leasing activity on over 5.5 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Southeast Conference New Construction Pelloni Development is developing a mixed-use project on 14.5 acres in Orlando, FL........................... Pg. 3 Observations & Conversations Pg. 4 Buyers and Sellers Marcus & Millichap selling properties throughout FL and NC........................................ Pg. 8 Coldwell Banker Commercial NRT selling a 6.85-acre parcel in Lake Worth, FL.................. Pg. 16 Food Retailers Expand Jimmy John’s to open 200 locations nationwide............. Pg. 10 Openings Crunch Fitness plans national rollout................................... Pg. 12 Exclusives Welco Real Estate represents retailers throughout CT, NJ and NY.................................. Pg. 13 Sources of Financing Salem Financial Group U.S. provides financing for commercial properties........... Pg. 13 In the News Retail Group of America names Joanna B. Shawver as vice president, real estate....... Pg. 14 Lease Signings DLC Management Corp. inks deal for 38,117 sq.ft. in Florence, AL.......................... Pg. 15 Lead Sheet Anna’s Linens to open 40 locations nationwide............. Pg. 17 Fred’s, Inc. continues growth throughout the Southeast....... Pg. 18 Space Place........................... Pg. 22
For more news go to: www.dealmakers.net Mobile Access Code: southeast2011