Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXX No. XXII
June 12, 2015
FEATURING SUPERMARKET CHAINS EXPAND Metropolitan Market operates six locations throughout the Puget Sound area and western WA. The upscale supermarkets, featuring bakery, deli, meat and gourmet cheese departments, as well as offering natural and organic foods, occupy spaces of 25,000 sq.ft. to 35,000 sq.ft. in freestanding locations and strip centers. Plans call for two openings throughout Seattle, WA during the coming 18 months, with representation by DJT Realty Advisors. Preferred demographics include a population of 30,000 within two miles. The company prefers to locate in areas with high foot and vehicular traffic counts. For more information, contact Dean J. Trenery, DJT Realty Advisors, 2068 42nd Avenue East, Seattle, WA 98112; 206-301-0360, Fax 206-3010530; Email: djtrealtyseattle@aol.com; Web site: www.metropolitan-market.com.
Martin’s Super Markets, Inc. trades as Martin’s Super Market at 22 locations throughout IN and MI. The supermarkets, offering produce, deli, floral, bakery, pet supply and wine and spirits departments, as well as offering gasoline facilities, occupy spaces of 40,000 sq.ft. to 75,000 sq.ft. in freestanding locations and strip centers. Plans call for one opening within 60 minutes of South Bend, IN during the coming 18 months. Major competitors include Walmart, Kroger and Meijer. A land area of at least 10 acres is required for freestanding locations. For more information, contact Pam Smith, Martin’s Super Markets, Inc., PO Box 2709, South Bend, IN 46680; Email: psmith@martins-supermarkets.com; Web site: www.martins-supermarkets.com.
Save Mart Supermarkets, A California Corp. trades as Save Mart, Food Maxx and Lucky Supermarkets at 225 locations throughout central and northern CA and northern NV. The supermarkets occupy spaces of 45,000 sq.ft. to 55,000 sq.ft. in neighborhood strip centers. Growth opportunities are sought throughout central, northern and along the central coastline areas of CA during the coming 18 months. For more information, contact Jim Cipolla, Save Mart Supermarkets, A California Corp., 1800 Standiford Avenue, Modesto, CA 95350; 209-577-1600, Web site: www.savemart.com.
El Rio Grande Latin Market operates seven locations throughout TX. The supermarkets, catering to a Latino clientele, occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Director of Real Estate or Araceli Sanchez, El Rio Grande Latin Market, 11411 Hillguard Road, Dallas, TX 75243; 214-751-2290/214-884-3131; Web site: www.elriogrande.net. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 89,318 locations with plans to open 4,162 sites • Real estate valued in excess of $288 million to be bought, sold & financed • Leasing activity on over 4.2 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
NATIONAL FOCUS New Construction CIM Group to redevelop enclosed mall in CA................... Pg. 3 Buyers and Sellers Cohen Real Estate brokers $32 million acquisition...................... Pg. 4 Who’s Opening and Where Access Clinical Partners to open up to 80 urgent care centers....... Pg. 5 Aldi projects 650 store openings Pg. 5 Food Chains Expand Del Taco targets 25 openings...... Pg. 6 Bojangles to open 90 locations.... Pg. 6 Krystal projects 50 new sites....... Pg. 6 Making the News Lee & Associates taps senior vice president.................................... Pg. 7 Sources of Financing Cronheim Mortgage closes $140 million loan................................ Pg. 7 Lease Signings L3 Corp. inks deal with Dick’s Sporting Goods in MO............... Pg. 7 Exclusives and Tenant Reps CBRE | Fameco reps Bubba’s 33 in NJ and PA............................... Pg. 8 Lead Sheet Barnes & Noble grows in CA
Pg. 9
P.C. Richard & Son continues growth........................................ Pg. 11 Uno De 50 looking to open 12 stores.......................................... Pg. 11 Space Place................................ Pg. 14