Supermarket/Grocery

By Kent Smith, Galleria RTS   Well-stocked shelves and falling sales is a dilemma faced by many retailers today. New technology advancements such as mobile discount apps are the latest threat to grocery retail sales. Many people simply complete their grocery shopping from the convenience of their own home.    

Richardson, Texas --Real estate development and investment firm KDC announced that Chef Kent Rathbun’s Jasper’s “Gourmet Backyard Cuisine” concept will join CityLine, the company’s 186-acre mixed-use project in Richardson, Texas. The restaurant is scheduled to open in summer 2015.

Louisville, Ky. -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Stonefield Square in Louisville, Ky. The 90,991-sq.-ft. center was purchased from seller Viking Partners by Toronto-based Slate Properties for $12.6 million.   Stonefield Square is located at the southwest corner of Shelbyville and Moser Roads. The center is anchored by The Fresh Market, CVS and Fifth Third Bank.

The farmers market has gone digital at Overstock.com where the discount online retailer has launched home delivery of locally sourced product.

Overstock.com launched the new Farmers Market section of its site to offer home delivery of seasonal, healthy food, grown and produced in close proximity to shoppers, according to the company.

 

A new specialty grocer — Fresh Thyme Farmers Market — has big plans for the Midwest. With industry veteran Chris Sherrell at the helm (and an investment interest from Meijer Inc.), the start-up emphasizes natural and organic foods and produce, much of it locally sourced, at value prices in a convenient neighborhood-store format.

Portland, Me. -- Charter Realty and Development announced that it has leased space to Dunkin Donuts at Westgate Shopping Center, located in Portland, Me.  Dunkin Donuts took 2,474 sq. ft. and will be joining Shaw’s, CVS, Anytime Fitness, Bank of America, TD Bank North and Advance Auto Parts.  

Denver -- Brixmor Property Group announced it has added nine new small-shop leases at Villa Monaco, dramatically improving the center's occupancy, enhancing the neighborhood center's merchandising mix and strengthening its position in the Denver market.  

New York -- Retail and consumer merger and acquisition activity in the United States during the third quarter of 2014 was driven by the highest volume of mega deals (deals with a value of over $1 billion) in at least seven years, leading to overall transaction value jumping significantly during the quarter when compared to the year ago period, according to PwC’s U.S. retail and consumer deals insights Q3 2014 report.