Daily Record Financial News &
Friday, March 16, 2018
Vol. 105, No. 085 • One Section
35¢ www.jaxdailyrecord.com
Winn-Dixie parent reaches prepackaged bankruptcy deal STORE CLOSINGS Southeastern Grocers will close 94 stores in the bankruptcy deal, including this Harveys Supermarket at 3000 Dunn Ave. in North Jacksonville.
Photo by Monty Zickuhr
Southeastern Grocers will close 94 stores, including four in Northeast Florida. By Mark Basch Contributing Writer Jacksonville-based Southeastern Grocers, parent of Winn-Dixie and three other supermarket chains, said Thursday it has an agreement with creditors to restructure its debt through a prepackaged Chapter 11 bankruptcy filing.
The agreement will give unsecured note holders ownership of the company by canceling the notes and exchanging them for equity in the company. The company currently is controlled by private equity firm Lone Star Funds. A company news release said the “holder” of its existing equity would receive a “five-year warrant and certain global
settlement consideration,” without giving more details or naming Lone Star. Under the plan, Southeastern will continue operating 582 stores, but close 94. Southeast operates stores under the Winn-Dixie, Harveys Supermarkets, Fresco Y Mas and Bi-Lo banners. Spokesman Joe Caldwell said the stores will close on or before April 30.
Bartram Market to bring grocer, shops to St. Johns, Duval counties Construction could start on 38-acre shopping center this summer. Bartram Market, a 38-acre grocery-anchored shopping center in northern St. Johns and southern Duval counties, could start
construction this summer. “This is really going to be the entrance to St. Johns County,” said John Dodson III, devel- Dodson opment manager and manager of sales and leasing for Eastland. Dodson said the location, at Bartram Park Boulevard and Race Track Road, sits with Bartram Park to the north, Nocatee to the
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Closed Roosevelt Square Belk is approved for demolition
east, Julington Creek to the west and northwest St. Johns County to the south. That puts the site central to established and expanding residential communities. The site also is near The Pavilion at Durbin Park, which will be anchored by Walmart and The Home Depot. That site will tie into Bartram Park Boulevard, he said, while Bartram Market will connect with Peyton Parkway at Mathis
Four of the stores closing are in Northeast Florida. In Jacksonville, the store closings will be the Winn-Dixie at 9866 Baymeadows Road and the Harveys Supermarkets at 1012 Edgewood Ave. N. and 3000 Dunn Ave. In Orange Park, the Winn-Dixie at 248 Blanding
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Westside center starting third redevelopment. By Karen Brune Mathis Editor Roosevelt Square’s redevelopment should be evident soon, now that the city issued permits for demolition of the closed Belk store and other shop space. The city issued permits Wednesday for RLH Construction LLC of Oviedo to take down the former Belk and its
surrounding parking as well as retail space on the western end of the property. The job cost is $300,000. The addresses are 4397 and 4529 Roosevelt Blvd., east of Roosevelt Boulevard and south of San Juan Avenue. In January, a representative of shopping center owner Dewberry Capital Corp. said Roosevelt Square will undergo a third phase of redevelopment under its ownership. Belk
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You should know ... Bill Pray
Retired executive chairs SCORE, a group devoted to helping small businesses. Public
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