Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XLIX
December 20, 2013
FEATURING supermarket Chains Expand Nationwide K-VA-T Food Stores, Inc. trades as Food City and Super Dollar Discount Foods at 105 locations throughout southeastern KY, eastern TN and southwestern VA. The supermarkets occupy spaces of 38,000 sq.ft. to 58,000 sq.ft. in freestanding locations and strip centers. Plans call for four openings for the Food City concept throughout the existing markets during 2014. Typical leases run 20 years. Major competitors include Food Lion, Kroger, Walmart and Ingles Market. A land area of 5.5 acres is required for freestanding locations. For more information, contact Lou Scudere, K-VA-T Food Stores, Inc., PO Box 1158, Abingdon, VA 24212; 276-623-5100, Fax 276623-5447; Email: scuderel@foodcity.com; Web site: www.foodcity.com. Glass Garden, Inc. trades as Shop Rite Supermarkets at nine locations throughout NJ and NY. The supermarkets occupy spaces of 73,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers. Plans call for two opening throughout CT, NJ, NY or PA during the coming 18 months. Typical leases run 20 years with options. A land area of at least 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; Web site: www.shoprite.com.
Trader Joe’s operates 400 locations nationwide. The supermarkets, offering specialty food products, as well as featuring a wine department, occupy spaces of 12,000 sq.ft. to 14,000 sq.ft. in freestanding locations and inline spaces of mixed-use, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by IDS Real Estate Group. Preferred demographics include a population of 100,000 within four miles. A land area of one acre is required for freestanding locations. For more information, contact Silva Zeneian, IDS Real Estate Group, 515 South Figueroa Street, 16th Floor, Los Angeles, CA 90071; 213-347-6432, Fax 213-627-9937; Email: szeneian@idsrealestate.com; Web sites: www.idsrealestate.com and www.traderjoes.com. Woodman’s Food Markets operates 15 locations throughout IL and WI. The supermarkets, also featuring a beer and liquor department, and in select locations, gasoline facilities, occupy spaces of 240,000 sq.ft. in freestanding locations and power centers. Plans call for one opening in either IL or WI during the coming 18 months. For more information, contact Bret Backus, Woodman’s Food Markets, 2631 Liberty Lane, Janesville, WI 53527; 608-347-2930; Email: bret.backus@woodmans-food.com; Web site: www.woodmans-food.com. (continued on page twelve)
This issue contains information on: • Retailers operating 35,358 locations with plans to open 2,156 sites • Real estate valued in excess of $231 million to be bought, sold & financed • Leasing activity on over 2.31 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 Paradise Ventures preleases shopping centers in FL................ Pg. 4 Buyers and Sellers Brauvin Real Estate closed on Pier 1 Imports portfolio............... Pg. 6 Food Chains Expand Twin Peaks continues growth in the Midwest and southern states Pg. 10 Who’s Opening and Where Brothers to open 150 stores........ Pg. 11 Tom+Chee on a major expansion Pg. 11 Texas Roadhouse to open up to 30 restaurants............................. Pg. 11 Exclusives Jameson Commercial reps Loop Juice........................................... Pg. 13 Lease Signings Benderson Development inks deal with Trader Joe’s in Amherst, NY............................................. Pg. 13 Making the News Paramount Realty Services, Inc. taps leasing talent....................... Pg. 14 Sources of Financing Cronheim Mortgage financed centers in CT and NY................. Pg. 14 Lead Sheet Somerset Tire Service set to open 15 locations................................ Pg. 15 Cinetopia Theaters to expand throughout the western states..... Pg. 16 The UPS Store grows nationwide Pg. 18 Space Place................................ Pg. 23