Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVII No. XLVIII
December 14, 2012
FEATURING supermarket Chains Expand Nationwide Bristol Farms Markets trades as Bristol Farms at 14 locations throughout southern and San Francisco, CA. The supermarkets, featuring seafood, meat, sushi, deli, produce, bakery, floral and catering departments, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout southern CA during the coming 18 months. Typical leases run 15 years. A vanilla shell and tenant improvement allowance are required. Preferred demographics include a population of 200,000 within five miles earning $75,000 as the average household income. For more information, contact Kevin Davis, Bristol Farms Markets, 915 East 230th Street, Carson, CA 90745; 310-233-4700; Email: corporateinfo@bristolfarms.com; Web site: www.bristolfarms.com. Sprouts Farmers Market operates 103 locations throughout AZ, CA, CO and TX. The supermarkets, offering farm fresh and local produce, all natural meats, organic grocery items, imported cheeses and bulk food items, occupy spaces of 24,000 sq.ft. to 30,000 sq.ft. in freestanding locations, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 years. For more information, contact Seth Brown, Sprouts Farmers Market, 11811 North Tatum Boulevard, Suite 2400, Phoenix, AZ 85028; 480-814-8016, Fax 480-814-8017; Email: sethbrown@sprouts.com; Web site: www.sprouts.com.
Grocery Outlet, Inc. trades as Grocery Outlet Bargain Market at 180 locations throughout northern and San Diego, CA and ID, NV, OR, PA and WA. The supermarkets, featuring deli, meat, produce and wine and beer departments, as well as offering housewares, health and beauty items and seasonal products, occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations and specialty, strip and value centers. Plans call for 30 openings throughout the existing markets 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 two acres is required for freestanding locations. The company prefers to acquire second-generation sites. In PA, the company operates as Amelia’s Grocery Outlet. 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. Aldi, Inc. trades as Aldi at 1,250 locations throughout 31 states, primarily in the eastern region of the U.S. The supermarkets, offering discount grocery items, occupy spaces of 16,900 sq.ft. in freestanding locations. Growth (continued on page thirteen)
This issue contains information on: • Retailers operating 21,652 locations with plans to open 1,844 sites • Real estate valued in excess of $84 million to be bought, sold & financed • Leasing activity on over 4.65 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
post-show ICSC New york national Conference New Construction FFO Real Estate Advisors preleasing shopping center in Little Rock, AR............................ Pg. 4 Who’s Opening & Where Whole Foods new store projections through 2015........... Pg. 6 Togo’s Eateries is aggressive in the western states....................... Pg. 6 Lease Signings Brixmor Property Group inks deal with Jo-Ann Fabrics in KS.... Pg. 14 Sources of Financing Cronheim Mortgage places $20 million loan for a center in Great Neck, NY................................... Pg. 14 Making The News DJM Realty brings on outlet retail specialist.................................... Pg. 14 Buyers & Sellers Namdar Realty Group is open to acquire shopping centers............ Pg. 16 Exclusives Winick Realty tapped by The Durst Organization to lease storefronts in Midtown Manhattan, NY........................... Pg. 18 RS Real Estate Partners reps Southern Hospitality nationwide Pg. 18 Food Retailers Expand Corner Bakery Café to enter 15 states.......................................... Pg. 18 Lead Sheet Wine Academy Super Stores tastes northern NJ for growth...... Pg. 22 Space Place................................ Pg. 27 Most Valuable Players................ Pg. 34 Mobile Access Code: postNY2012