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Supermarket/Grocery

  • Divaris arranges three lease signings in Richmond area

    Virginia Beach, Va. — Divaris Real Estate has announced the signing of two new leases for a combined 7,700 sq. ft. and one lease renewal for 3,612 sq. ft. in the greater Richmond area.

    Sherwin Williams signed a new lease for 6,000 sq. ft. of retail space in the Town Hall Shopping Center in Colonial Heights, Va. DRE’s Richmond office represented the tenant in the transaction.

  • Walmart tests new c-store format, Walmart To Go

    New York -- Wal-Mart Stores is testing a new convenience-store concept called “Walmart To Go,” with the initial location in the chain’s hometown of Bentonville, Ark.

    The new store offers convenience store products, prepared foods and gasoline. At approximately 2,500 sq. ft., Walmart To Go is much smaller than the company’s other small-format concept, Walmart Express, which averages about 15,000 sq. ft.

    Walmart also has a grocery delivery service with a similar name, WalmartToGo.com, in two markets.

  • RMC named to lease Shoppes at Glen Lakes in Weeki Wachee, Fla.

    Tampa, Fla. — Global Realty and Management has appointed RMC Property Group the exclusive leasing agent for its Shoppes at Glen Lakes, a 66,600-sq.-ft. retail shopping center located on U.S. 19 in Weeki Wachee, Fla.

  • Fred’s net income falls in Q4

    Memphis, Tenn. – Fred’s Inc. reported a substantial 34.5% decrease in its net income during the fourth quarter of fiscal 2013, to $5.56 million from $8.49 million in the same quarter a year earlier. Net sales declined 7.2% to $495 million from $533.4 million, and same-store sales grew 0.1%.

  • Wegmans, Trader Joe's top supermarket ratings; Walmart at bottom

    Yonkers, N.Y. -- Thousands of subscribers to the world's largest independent product-testing organization weighed in on grocery shopping via Consumer Reports’ latest survey – and gave Wegmans, Trader Joe's, Publix, Costco and Sprouts the highest scores overall among 55 of the nation's major grocery stores.

    Walmart landed at the bottom of the ratings, based on a survey of the 27, 208 subscribers.

  • Cedar buys Quartermaster Plaza in Philadelphia

    Port Washington, N.Y. — Cedar Realty Trust has completed the acquisition of Quartermaster Plaza in Philadelphia. The 456,000-sq.-ft. grocery-anchored shopping center is 98% occupied and anchored by a BJ’s Wholesale Club.

    Cedar acquired the center for $92.3 million, including the assumption of $53.4 million of fixed rate debt. The company expects ultimately to fund deal with proceeds anticipated from asset sales. Pending those sales, Cedar will use it existing credit facility.

  • Foodsco opens new Oakland store March 26

    Compton, Calif. – Foodsco will open its first store in Oakland, Calif., on March 26. The new 80,000 sq.-ft. supermarket is located in East Oakland's Foothill Square Shopping Center.

  • Mexico’s Tiendas Soriana in Latin America’s biggest distributed solar deal

    Monterrey, Mexico -- Tiendas Soriana S.A. de C.V., Mexico’s second largest retail company, and Hanwha Q CELLS, a leading full-service solar power companies, announced a 20-year power purchase agreement for 31 megawatts (MW) of photovoltaic (PV) solar power at 120 retail locations across Mexico that will create significant long-term energy savings for Soriana. Soriana operates more than 640 grocery and department stores.

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