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Supermarket/Grocery

  • Report: Meijer to make Detroit debut

    New York -- Meijer is set to open its first store in the city of Detroit on July 25, according to Crain's Detroit Business.

    The store will anchor a new shopping center and will feature a grocery section, drive-thru pharmacy, gas station and Huntington National Bank branch. Other tenants at the shopping center will include clothing and pet supply stores and fast-food restaurants.

    Whole Foods Market recently opened a store in Detroit.

     

  • 23rd Massachusetts’ Whole Foods now open

    Weymouth, Mass. -- Whole Foods Market has opened at Pleasant Shops in Weymouth, Mass., according to Federal Realty Investment Trust, one of the center’s joint venture owners.

    The 40,000-sq.-ft. store, Whole Foods’ 23rd location in Massachusetts, will employ 140 full and part time workers.

     

  • Phillips Edison-Arc acquires Salinas, Calif., center

    Cincinnati -- Phillips Edison-ARC Shopping Center REIT Inc. has acquired Boronda Plaza in Salinas, Calif. Food 4 Less, a subsidiary of Kroger, anchors the 93,071-sq.-ft. shopping center, which is 98% occupied.

    When combined with the Food 4 Less lease, 68% of the rents for the center derive from national tenants. More information at Phillipsedison-arc.com.
     

     

  • Sold: Mount Prospect Plaza in suburban Chicago

    Oakbrook Terrace, Ill. -- Mid-America Real Estate Corp.’s investment sales group has brokered the sale of the 301,045-sq.-ft. Mount Prospect Plaza in Mount Prospect, Ill., a northwestern suburb of Chicago.

    Ramco-Gershenson Properties Trust purchased the property for $36.1 million from a pension fund advised by JP Morgan Asset Management Inc.

  • Winick launches investment sales division

    Cranford, N.J. -- Winick Realty Group N.J. has announced the formation of an investment sales division in the company’s Cranford, N.J., office. The new division will focus on a wide range of properties from ne-leased investment-grade properties to shopping centers throughout New Jersey.

    “The investment sales market is red-hot right now, with a substantial amount of business that reaches pre-recession levels,” said Tyler Bennett, senior VP and founding partner of Winick Realty N.J.

  • London Candy Company moves Manhattan shop

    New York -- The London Candy Co. has taken 1,000 sq. ft. on Bleecker Street in Manhattan’s West Village, according to RKF, which brokered the deal.

    The new candy and coffee shop will replace the retailer’s existing location at Lexington and East 94th Street.

     

  • Sportsman’s Warehouse signs at Washington State Mall

    Wenatchee, Wash. -- Sportsman’s warehouse has signed a lease for a 49,000-sq.-ft. former Sears location at the Wenatchee Valley Mall in Wenatchee, Wash., according to Vintage Real Estate, which brokered the deal.

    The new Sportsman’s will open in the spring of 2014. Sears will open a 10,813-sq.-ft. new format store in the mall.

  • Gap and Costco shine in June

    New York -- U.S. retailers' June sales suggest overall consumer spending is improving, even though lower-end shoppers are holding back on nonessential purchases. Same-store sales increased 3.9% in June compared to the year-ago period, according to a preliminary tally of 12 retailers by the International Council of Shopping Centers. The association had expected a 3% to 3.5% increase.

  • Report: Market Basket CEO faces termination by family-run board

    Boston -- A report by the Boston Globe revealed that the fate of Market Basket CEO Arthur T. Demoulas lies in the hands of the grocery chain’s board of directors, as members are posted to fire Demoulas at a meeting of the board next week.

    A longtime family feud has split the board in two, and both sides of the family-owned Demoulas Super Markets Inc. will face off in a meeting on Thursday, July 18, to determine whether or not Demoulas will be removed from office.

  • Delhaize Group to sell 25 Maxi, Mini Maxi and Tempo stores

    Brussels, Belgium -- Belgian grocer Delhaize Group said that it has reached an agreement to sell 25 Maxi, Mini Maxi, and Tempo stores in Montenegro to Expo Commerce.

    The transaction is slated to close in the fourth quarter, and Delhaize and Expo will enter into a franchise agreement to maintain the Maxi, Mini Maxi and Tempo names.

     

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