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Supermarket/Grocery

  • NRF: Halloween spending to fall

    Washington, D.C. -- Nearly 158 million consumers will participate in Halloween activities this year, slightly less than the historic high of 170 million people last year. New figures from the National Retail Federation (NRF) indicate the average consumer will spend $75.03 on Halloween this year, down 6% from $79.82 last year.

    However, average overall spending on Halloween has increased 54.7% since 2005, with total spending estimated to reach $6.9 billion in 2013. Other NRF figures include:

  • Weis Markets CEO resigns; vice chairman named interim chief executive

    Sunbury, Pa. -- Weis Markets announced that company president and CEO David J. Hepfinger has left the company to pursue other interests. Company vice chairman Jonathan H. Weis replaces him as interim CEO. Robert F. Weis remains as company chairman.

    Hepfinger has also resigned from the company's board of directors. As part of the reorganization, Kurt Schertle, executive VP, sales and merchandising will report directly to Weis who will also oversee the company's real estate/store development, finance and human resources' teams.

  • The Wilder Cos. takes on five new centers in eastern Massachusetts

    Boston — The Wilder Companies has been awarded five new leasing and management contracts for nearly 900,000 sq. ft. in five shopping centers on the north and south shores of Boston.

    The Crossing at Walkers Brook in Reading, Mass., is a 480,000-sq.-ft. center featuring Jordan’s Furniture, an IMAX Theatre and The Home Depot. An 80,000-sq.-ft. pedestrian-friendly lifestyle portion of the center features Staples, Golfsmith, the Paper Store, Macaroni Grill, Chili’s, and Starbucks.

  • Camden Village in suburban Atlanta sells

    Atlanta — A private investor from the Atlanta, suburb of Johns Creek has acquired Camden Village Shopping Center from a California corporation. According to Marcus & Millichap of Atlanta, which represented the seller and buyer in the transaction, the purchase price totaled $6,150,000.

    The center includes popular local tenants like Marlow’s Tavern and Noche Restaurant among others.

     

  • Divaris renews two retailers in Richmond, Va.

    Richmond, Va. — Divaris Real Estate has renewed two retail leases totaling more than 9,500 sq. ft. in Richmond, Va.

    Aaron’s renewed its lease for 8,008 sq. ft. in Brookhill Azalea Shopping Center, which DRE leases and manages for the landlord, BSV Premier Brookhill.

    In a separate transaction, Subway renewed its lease for 1,575 sq. ft. at 360 West Shopping Center, which DRE www.divaris.com leases and manages for the landlord, a partnership between HSW and RMW1.

  • KeyPoint brokers sale of Shrewsbury, Mass., retail property

    Burlington, Mass. — Torchlight Investors has sold the property at 476 Boston Turnpike. KeyPoint Partners represented Torchlight in the transaction.

    B-W Warrenville Operations bought the property, a former Borders Books store, prominently located in a retail-intensive section of Route 9 near Stop & Shop, Home Depot, Bed Bath & Beyond, Bob’s Stores and Staples.

    The new owner plans to redevelop the site for Buffalo Wild Wings and Tile Shop.

     

  • Kroger CEO to step down Jan. 1

    Cincinnati – David B. Dillon will step down as CEO of The Kroger Co. effective Jan. 1, 2014. Dillon, 62, is a 37-year Kroger veteran who has been serving as CEO since 2003; he will remain chairman of the board.

  • J.Crew Factory signs into Plymouth Meeting Mall

    Plymouth Meeting, Pa. — J.Crew Factory, which offers still fashionable apparel from past J.Crew collections, plans to open a 6,100-sq.-ft. store in The Plaza Shops at Plymouth Meeting Mall this fall.

    Anchored by Macy’s and Boscov’s, Plymouth Meeting Mall offers more than 100 specialty retailers. Whole Foods Market and Café anchors The Plaza Shops extension of the mall. Pennsylvania Real Estate Investment Trust www.preit.com owns, manages and leases the property.

     

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