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Supermarket/Grocery

  • Five Applebee’s sold in 1031 exchange

    San Diego  — Representing a real estate investment trust, The Mansour Group has sold a portfolio of five Applebee’s for $13.3 million.

    To complete the transaction, The Mansour Group sourced a private high net worth California investor, who sold an apartment complex and acquired the portfolio through a 1031 exchange. The restaurants are located in North Carolina, Texas, Tennessee, Minnesota and Kentucky:

  • New Fairway Market to open in TriBeCa in 2014

    New York -- Fairway Group Holdings Corp., parent company of the Fairway Market grocery chain, has signed a long term lease to open a 52,242-sq.-ft .grocery in Manhattan's TriBeCa neighborhood with commercial realtor Jack Resnick & Sons.

    This store is expected to open in fall 2014. It will be the first Fairway location in Lower Manhattan and the 16th Fairway food store in the tri-state New York, New Jersey and Connecticut region.

     

  • Rouses Markets to expand into Alabama; will remodel six acquired stores

    Thibodaux, La. -- Southern grocery store operator Rouses Markets will take ownership of six former Belle Foods stores in Alabama from Associated Wholesale Grocers (AWG), a retail-owner cooperative of which Rouses Markets is a member. AWG and its group of grocers and operators submitted the winning bid last week at the Belle Foods bankruptcy auction in Birmingham.

    This is Rouses Markets' first expansion into Alabama. The company currently operates 38 stores in Louisiana and Mississippi. Three new stores in Louisiana were also recently announced.

  • Homeland Stores goes mobile

    Homeland Stores, a 78-store regional supermarket chain headquartered in Oklahoma City, has launched a mobile payments pilot program with mobile payments technology provider DoubleBeam. Homeland's SwiftScan mobile application allows customers to pay for purchases with a smartphone.

    SwiftScan is currently accepted for payment at 20 Homeland locations, with plans to add 26 more locations by the end of October.

  • Petco opens at Levin-managed Hamilton Plaza

    Hamilton Township, N.J. — A 13,640-sq.-ft. Petco has opened at Hamilton Plaza in Hamilton Township, N.J., according to Levin Management, which manages and leases the 175,515-sq.-ft. property. Ripco served as the tenant’s broker in the transaction.

  • Homeland Stores launches mobile payments

    Oklahoma City - Homeland Stores, a 78-store regional supermarket chain headquartered in Oklahoma City, has successfully completed of a mobile payments pilot program with mobile payments technology provider DoubleBeam. Launched in June of this year, Homeland's SwiftScan mobile application allows customers to pay for purchases with a smartphone.

    SwiftScan is currently accepted for payment at 20 Homeland locations, with plans to add 26 more locations by the end of October.

  • Kroger named to Dow Jones sustainability index

    Cincinnati -- The Kroger Co. today announced its inaugural listing on the Dow Jones Sustainability Index-North America.

    The Dow Jones Sustainability Index-North America tracks the economic, environmental and social sustainability performance of the top 20% of the 600 largest North America-based companies in the Dow Jones Global Total Stock Market Index.

  • Kroger taps Ralph’s VP as president of Fry’s Food

    Cincinnati -- The Kroger Co. has promoted Steve McKinney to president of the Fry's Food Stores division. Fry's operates 119 food stores in Arizona.

    McKinney, 57, has been VP of operations at the company's Ralphs division since 2007. He succeeds Jon Flora, who passed away unexpectedly two weeks ago.

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