Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XLVIII
December 16, 2011
Supermarket Chains Expand Nationwide Nature’s Pavilion operates two locations in NJ and NY. The supermarkets, offering natural, organic and whole foods, as well as nutritional, body care and health products, occupy spaces of 4,000 sq.ft. to 8,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Plans call for one to three openings throughout northern NJ during the coming 18 months, with representation by Jeffery Realty, Inc. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include upscale retailers. Preferred demographics include a population of 50,000 within three miles earning $70,000 as the average household income. Major competitors include Trader Joe’s and Whole Foods Market. For more information, contact Bill Farkas, Jeffery Realty, Inc., 116 Route 22 East, North Plainfield, NJ 07060; 908-668-9600 Ext. 215, Fax 908-668-5225; Email: bfarkas@jefferyrealty.com; Web site: www.jefferyrealty.com. Farmer Foods, Inc. trades as Farmer Foods at 10 locations throughout NC and VA. The supermarkets, featuring meat, deli, produce and bakery departments, occupy spaces of 22,000 sq.ft. to 51,000 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 John Farmer, Farmer Foods, Inc., 428 Dodd Street, Chase City, VA 23924; 434-372-0423, Fax 434-3723166; Email: jfarmer@farmersfoods.com.
Aldi, Inc. trades as Aldi Supermarket at more than 1,000 locations throughout the eastern region of the U.S. The supermarkets, offering discounted groceries, occupy spaces of 16,900 sq.ft. in freestanding locations. Growth opportunities are sought throughout GA, excluding the Atlanta metropolitan area, during the coming 18 months, with representation by Settlemyer Properties. A land area of more than two acres is required. The company will also consider inline spaces of shopping centers. For more information, contact Frank Settlemyer, Settlemyer Properties, 1815 Old 41 Highway, Suite 260, Kennesaw, GA 30152; 678-766-2206, Fax 678-766-2205; Email: frank@settlemyerproperties.com; Web site: www.aldi.com. Glass Garden, Inc. trades as Shop Rite Supermarkets at nine locations throughout NJ and NY. The supermarkets, featuring seafood, produce, meat and bakery departments, as well as a pharmacy, occupy spaces of 73,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers. Plans call for two openings within CT, NJ, NY or PA during the coming 18 months. Typical leases run 20 years with options. A land area of more than nine acres is required for freestanding locations. For more information, contact Ben Focarino, Glass Garden, Inc., 204 Passaic Street, Rochelle Park, NJ 07662-3118; 201-843-1364; Email: benfocarino@verizon.net. (continued on page twenty-seven)
This issue contains information on:
* Retailers operating 67,030 locations with plans to open 3,185 sites * Real estate valued in excess of $546.1 million to be bought, sold & financed * Leasing activity on over 6.4 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC NY National Conference Post-Show Issue Profiles Brixmor Property Group........ Pg. 4 Coyote Management, LP........ Pg. 10 Buyers and Sellers Zar Property NY acquiring distressed retail properties throughout New York, NY..... Pg. 6 Openings Lowe’s Cos., Inc. opening 10 to 15 stores annually nationwide............................ Pg. 16 Food Retailers Expand BJ’s Restaurants, Inc. to open locations in 13 states nationwide............................ Pg. 21 Sources of Financing Metro Phoenix Bank provides financing for commercial properties in select markets nationwide............................ Pg. 22 Lease Signings Breslin Realty, Inc. negotiated leases with Red Mango throughout NY....................... Pg. 22 New Construction CBL & Associates Properties, Inc. is developing a 127,500 sq.ft. project in Waynesville, NC........................................ Pg. 24 In the News Grossman Development Group hired Mark Hebert as vice president of development Pg. 25 Exclusives Winick Realty Group, LLC named exclusive agent for a mixed-use building in Manhattan, NY...................... Pg. 28 Lead Sheet Dollar General to open locations throughout western MA........................................ Pg. 30 Party City seeking sites in southern NJ........................... Pg. 32 Space Place........................... Pg. 34
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