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Supermarket/Grocery

  • 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.

  • 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.

     

  • 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.

  • 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.

  • 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.

     

  • Nutella spreads from store shelves into e-commerce territory

    SOMERSET, N.J. — The Nutella brand is trying its hand at e-commerce with the launch of the Nutella Boutique, which will offer branded apparel and accessories.  

    T-shirts, messenger bags that hold up to nine jars of Nutella — or a laptop — and Nutella spreaders are among the product offerings available on the e-commerce site. 

  • Target reshuffles senior grocery leadership

    Key changes that took effect last week within Target’s merchandising organization are intended to maximize the retailer’s long range opportunities within the rapidly growing grocery business.

  • Strong growth in merchandise imports to resume in fall

    Washington, D.C. -- Import volume at the nation’s major retail container ports is expected to increase a modest 1.1% in July over the same month last year, but a slow summer should be followed by significant increases as retailers head into the holiday season this fall, according to the monthly Global Port Tracker report released Wednesday by the National Retail Federation and Hackett Associates.


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