Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XXXIV
September 12, 2014
FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE The Fresh Market operates 160 locations throughout AL, AR, CA, CT, FL, GA, IL, IN, KS, KY, LA, MA, MD, MS, NC, NH, NJ, NY, OH, OK, PA, SC, TN, TX, VA and WI. The supermarkets, featuring produce, floral, meat, wine, seafood and health and beauty departments, as well as offering bulk food and prepared food items, occupy spaces of 20,000 sq.ft. to 24,000 sq.ft. in freestanding locations, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout NC and SC during the coming 18 months, with representation by Katz & Associates. For more information, contact Julie Gardner, Katz & Associates, 4500 Cameron Valley Parkway, Suite 240, Charlotte, NC 28211; 704602-9350; Email: juliegardner@dkatz.com; Web site: www.katzassociates.com. Aldi operates more than 1,200 locations throughout 32 states nationwide. The supermarkets occupy spaces of 17,000 sq.ft. in endcaps, inline spaces and pad sites of shopping centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by Jeffery Realty, Inc. The company prefers to acquire land areas of 2.5 acres. For more information, contact Steve Battista, Jeffery Realty, Inc., 116 Route 22, North Plainfield, NJ 07060; 908-668-9600; Email: sbattista@jefferyrealty.com; Web site: www.jefferyrealty.com.
Dan’s Supreme Super Markets, Inc. trades as Dan’s Key Food at nine locations in NY. The supermarkets, featuring deli, produce, seafood and bakery departments, occupy spaces of 20,000 sq.ft. to 50,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the New York, NY metropolitan areas during the coming 18 months. Typical leases run 25 years. For more information, contact Richard Grobman, Dan’s Supreme Super Markets, Inc., 474 Fulton Avenue, Hempstead, NY 11550; 516-483-2400 Ext. 133, Fax 516-483-1586; Email: rgrobman@danssupreme.com; Web site: www.danssupreme.com. Delhaize Group trades as Food Lion, Bottom Dollar Food and Hannaford at more than 1,300 locations throughout DE, GA, KY, MA, MD, ME, NC, NH, NJ, NY, PA, SC, TN, VA, VT and WV. The supermarkets, offering discounted grocery items, occupy spaces of 12,000 sq.ft. to 85,000 sq.ft. in freestanding locations, neighborhood, power and strip centers. Growth opportunities are sought throughout MD, ME, NC, NH, NJ, NY, PA, SC, VA and VT during the coming 18 months. Typical leases run 20 years. A vanilla shell is required. Preferred cotenants include home improvement retailers. A land area of two to seven acres is required for freestanding locations. (continued on page twenty)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 53,236 locations with plans to open 3,789 sites • Real estate valued in excess of $205 million to be bought, sold & financed • Leasing activity on over 3.2 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
ICSC PA/NJ/DE IDEA EXCHANGE New Construction Pennsylvania Real Estate Investment Trust redeveloping Gallery at Market East in Philadelphia, PA..... Pg. 3 Observations & Conversations...... Pg. 4 Buyers and Sellers RedMark Realty, LLC is looking to acquire single-tenant NNN properties throughout select areas in the northeast.............................. Pg. 6 Who’s Opening and Where Bach to Rock plans to open additional locations over the next several years.................................. Pg. 8 Food Chains Expand Buffalo Wild Wings hot for DE, NJ and PA.......................................... Pg. 12 Chop’t focuses on expansion opportunities throughout NJ.......... Pg. 12 State of the Industry...................... Pg. 16 Tenant Reps and Exclusives Winick Realty Group represents InVite Health in the tri-state region Pg. 18 Lease Signings LMS Commercial Real Estate inks deals throughout PA...................... Pg. 18 Levin Management inks anchor deal with Staples in NJ.................. Pg. 22 Making the News DLC Management Corp. taps acquisition talent........................... Pg. 19 Sources of Financing HFF closes $23 million in loans on NJ and PA shopping centers.......... Pg. 19 Lead Sheet Ollie’s Bargain Outlet continues expansion...................................... Pg. 24 Hobby Lobby eyes NJ for growth.... Pg. 25 Space Place................................... Pg. 28 Most Valuable Players................... Pg. 42