TUESDAY October 16, 2018
Public legal notices begin on page 4
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Daily Record JACKSONVILLE
THE MATHIS REPORT
Sears seeks Chapter 11 bankruptcy protection
Daily Record
Sprouts Farmers Market coming to The Markets at Town Center
JACKSONVILLE
Retailer to close 142 stores by the end of the year, none in the Jacksonville area.
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FROM STAFF
JACKSONVILLE
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Sprouts Farmers Market plans to open its first North Florida store at The Markets at Town Center. Sprouts has five stores in Central Florida, with the sixth opening Oct. 24 in Winter Park.
KAREN BRUNE MATHIS EDITOR
Natural foods grocery store plans $2.5 million remodeling of former Best Buy. Sprouts Farmers Market Inc. is coming to The Markets at Town Center, the company said Monday. Sprouts said opening and hiring details will be announced in 2019. “Sprouts’ unique grocery model which focuses on health and value is
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Sprouts is taking over the former Best Buy space at The Markets at Town Center. Best Buy moved across the street to The Strand at Town Center.
resonating extremely well in Florida, and we’re thrilled to continue to expand and grow in new communities across the state next year,” said Sprouts Corporate Communications Manager Diego Romero. Sprouts is awaiting approval of a building permit to turn the former Best
Buy into the Arizona-based natural foods chain’s first Jacksonville store. No contractor is listed for the project, described as a $2.5 million remodeling of a 30,162-square-foot space for Sprouts at 4873 Town Center Parkway.
Sears Holdings Corp., the parent company of Sears and Kmart, filed for Chapter 11 bankruptcy protection early Monday. Sears Holdings said it will close 142 unprofitable stores by the end of the year. Two Kmart and six Sears stores are closing in Florida. The closest is in Ocala. Sears has 687 s to re s and about 68,000 employees. The closings are in addition to the 46 stores the company said in August would close Lampert by November. None of those stores are in Northeast Florida. “The Chapter 11 process will give Holdings the flexibility to strengthen its balance sheet, enabling the Company to accelerate its strategic transformation, continue right sizing its operating model, and return to profitability,” Sears Holdings Chairman Edward S. Lampert said in a news release. “Our goal is to achieve a comprehensive restructuring as efficiently as possible, working closely with our creditors and other debtholders, and be better positioned to execute on our strategy and key priorities,” he said. Sears operates two large retail stores in Northeast Florida at The Avenues and Orange Park malls. Both have auto centers. The company also operates
SEE MATHIS, PAGE 3
SEE SEARS, PAGE 2
Property at The Strand, The Crossing sold Property at The Strand and The Crossing at Town Center across from St. Johns Town Center was sold for $32.3 million. Daytona Beach-based investment groups CTO18 Jacksonville FL LLC, Consolidated-Tomoka Land Co. and Indigo Group Ltd. purchased the property from the developer, Preferred Growth Properties, through PGP Jacksonville TC LLC. Businesses that occupy property sold in The Strand include Chuy’s restaurant, Firebirds Wood Fired Grill, Cheddar’s Scratch Kitchen, Moe’s Southwest Grill and Chase Bank. Properties sold in The Crossing include PDQ restaurant, Wawa and Scrubbles 3 Minute Express Wash.
VOLUME 105, NO. 234 • ONE SECTION