Supermarket/Grocery

Chicago — Regency Centers Corp. has announced the development of Glen Gate, a 102,876-sq.-ft. shopping center located in Glenview, Ill., a North Shore suburb of Chicago. A 75,564-sq.-ft. Mariano’s Fresh Market, slated to open next fall, will anchor the development. The center will have one out-lot with an additional 24,000 sq. ft. for retail and restaurants.

Publix Super Markets has decided to sell PIX, the fuel/C-store concept it began testing in 2001. Circle K Stores, a wholly owned subsidiary of Alimentation Couche-Tard, will purchase 13 sites, of which 11 are located in Florida and two in Georgia.

Max Arnold & Sons, a family-owned company located in Hopkinsville, Ky., which has been in operation for more than 60 years, will purchase the site located in Tennessee.

Pleasanton, Calif. – Several buyout firms are reportedly considering attempting a partial or total purchase of Safeway Inc., with Cerberus Capital Management LP among the potential bidders, according to Reuters.

Safeway has retained Goldman Sachs Group Inc. as an advisor, the report said.

Canada Safeway is up for grabs, and the Canadian Competition Bureau is allowing Sobey’s Inc. to proceed with the acquisition of substantially all its assets.

As part of the consent agreement, Sobey’s will divest 23 stores in the provinces of Alberta, British Columbia, Manitoba and Sasketchewan. The deal, announced in June, will cost Sobey’s owner Empire Co. Ltd. about $5.7 billion.

By Crosby Renwick, [email protected]

Sure, the Internet plays an aggressive game. It’s looking like the Internet business is trouncing the retail business. However vast an assortment or low the prices a retailer offers, the Internet does it better and cheaper. The prognosticators all say the same thing: What little growth there will be in consumer spending over the next five years is mostly going to happen online.

One-third (33%) of U.S. families are making less money as a result of job loss, moving to a part-time job and/or working at a lower-paying job, which may have an impact on holiday shopping.

In addition, according to three recent consumer surveys from America’s Research Group (ARG), 40% of parents are trying to save as much money as they can for their children's college education, 38% of families did not take a vacation this year of four days or longer, and 44% of parents will do most of their back-to-school apparel shopping in December when the deals are better.

Dubuque, Iowa — Mid-America Real Estate Corp.’s Investment Sales team recently brokered the sale of a large portion of the 136,398-sq.-ft. Asbury Plaza in Dubuque, Iowa. The Cafaro organization made the acquisition for $12 million.

The community shopping center is about two miles from Cafaro’s 700,000-sq.-ft. Kennedy Mall.

The community shopping center features national anchor retailers including Michaels, Bed Bath & Beyond and Petco. Shadow anchors include Hy-Vee Grocery Store, Kohl’s and AMC Theater.

Dallas — SRS Real Estate Partners welcomes Jon Cowen as senior VP in the Phoenix office. Cowen bring 24 years of experience in commercial real estate to SRS, where he will focus on representing local and national retailers, shopping center leasing and development and investment sales.

Previously, Cowen worked with the Retail Advisory Group at Cushman & Wakefield after Cushman acquired his own real estate firm, Cowen Commercial.