Convenience Stores

ST. LOUIS — Grey Eagle Distributors, the Anheuser-Busch wholesaler for St. Louis County, has acquired the Illinois Distributing Company, an Anheuser-Busch wholesaler based in Belleville, Ill.  

The acquisition includes Illinois Distributing's assets and sales territory, which includes most of St. Clair County, Monroe County, Collinsville and Granite City. Grey Eagle will begin selling beer to retailers in the new territory today. Illinois Distributing sold approximately 2.6 million cases of beer annually.

Delray Beach, Fla. -- Indianapolis-based Kite Realty Group announced that It'Sugar has leased 2,027 sq. ft. at Delray Marketplace located in Delray Beach, Fla.

San Diego -- StepStone Real Estate Services said it has been awarded the property management contract for The Shops at La Jolla Village, located in La Jolla, Calif.

The 100% leased center is the dominant community retail center in the La Jolla/University Town Center market. The 165,597-sq.-ft. center features more than 40 stores, restaurants and services, including Whole Foods Market, Landmark Theatres, CVS Pharmacy, Aaron Brothers, B.J. Pizza & Brewery, Peet’s Coffee & Tea and Verizon Wireless.

North Plainfield, N.J. -- Levin Management Corp. announced that it has secured three new management and leasing assignments involving six properties in New York and New Jersey.
 
The first appointment involves a portfolio of four, privately owned shopping centers in Tappan, N.Y., totaling 76,000 sq. ft. The properties include Tappan Plaza, an adjacent 15,000-sq.-ft. center anchored by Retro Fitness, and twin strip centers Stateline Plaza I and Stateline Plaza II.

New York -- Starbucks Coffee Co. is considering changes to its tax practices in the U.K. in the wake of criticism from lawmakers, tax campaigners and the media, according to Reuters.

A Reuters examination of Starbucks accounts that was made public in October showed that the chain had reported 13 years of losses at its U.K. unit, even as it told investors the operation was profitable and among the best performing of its overseas markets, the report said.

The review of strategic alternatives remains ongoing at Supervalu despite reports about discussions breaking down with one prospective investor.

The iconic Los Angeles intersection of Sunset and Vine is the location of a new flagship store Walgreens has designated as its 8,000th unit.

NEW YORK — Tecate returns to the ring Saturday, December 8, to sponsor the fourth boxing showdown between Manny Pacquiao and Juan Manuel Marquez.

The modest sales decline Party City reported for the five week period ended November wasn’t all that bad considering the unfavorable circumstances the company faced.

Sales declined 1.4% to $358 million and same store sale declined 0.6% at permanent stores and 11.9% at temporary locations, the company said.

West Des Moines, Iowa -- C-store operator Kum & Go said Friday it has opened a new store in Gillette, Wyoming. The previous store was razed in July 2012 to make room for the all-new Kum & Go store design.

The nearly 5,000-sq.-ft. store introduces many new features both inside and outside the buildings. Inside, customers will find a larger product selection, a center checkout area with customer-focused staff, and an expanded Go Fresh Market.