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Supermarket/Grocery

  • Retailers charge that proposed Visa/MasterCard interchange settlement unacceptable

    Arlington, Va. -- Retailers are up in arms over the proposed settlement filed in July of antitrust lawsuits filed by merchants against Visa, MasterCard and the nation's largest banks. A total of nine associations representing a broad swath of the retail industry expressed their reservations to members of Congress on Thursday, charging that their interests were not represented and asking Congress to reject that settlement.

  • Walmart launches healthy foods rewards program

    Bentonville, Ark. -- Walmart and HumanaVitality annunced a first-of-its-kind program called Vitality HealthyFood, whereby Walmart offers a 5% discount on produce items to HumanaVitality members. The discount is loaded on a card in the form of a credit within five business days that can be redeemed on a subsequent trip to Walmart.

  • WS Capital completes acquisition of Hilldale Shopping Center

    Chestnut Hill, Mass. -- WS Capital Partners, the institutional investment arm of WS Development, announced that it has completed the acquisition of Hilldale Shopping Center, a 474,000-sq.-ft. retail center located in Madison, Wis.

    Anchored by Macy’s, Metcalfe’s Market, Sundance Cinemas and Target, Hilldale Shopping Center serves the entire Madison metropolitan area, including the nearby University of Wisconsin-Madison.

  • Construction launched at Blvd Place

    Houston -- Wulfe & Co., managing partner of Blvd Place, said that construction has started on Phase II of the mixed-use development located in The Uptown District of Houston.

    Blvd Place will contain retail, office and residential components in an urban environment. This phase of the project is 60% pre-leased and will contain approximately 211,000 sq. ft. of upscale retail, restaurant and office space. The retail space will be anchored by a 48,500-sq.-ft. Whole Foods Market.

  • Publix enters North Carolina

    Publix is making its North Carolina debut with the planned opening of a new store in the greater Charlotte area.

    The company has signed a lease for a store at Providence Road West and Johnston Road in Ballantyne. The store will be part of a new division based in Charlotte.

    While Ballantyne marks Publix’s long awaited entry into North Carolina, the company is looking ahead to continued growth within the state and in its current operating areas of Florida, Georgia, South Carolina, Alabama and Tennessee.

  • Inland raises $1.1 billion of investor capital

    Oak Brook, Ill. -- Inland Diversified Real Estate Trust announced it has raised over $1.1 billion of investor capital, which will be used to continue the company’s acquisitions of a diversified portfolio of commercial real estate properties.

    “We believe that we have built an outstanding portfolio of stable, performing commercial real estate assets with very high occupancy, generating sustainable distributions for our investors,” said Barry Lazarus, president and COO of Inland Diversified.

  • Six new tenants to open at White City Shopping Center

    Shrewsbury, Mass. -- Charter Realty & Development said it has arranged six leases, totaling 33,191 sq. ft., in the White City Shopping Center located in Shrewsbury, Mass.

    Planet Fitness will open a 19,079-sq.-ft. facility, Elements Massage will open a 3,520-sq.-ft. unit, which was co-brokered with Blake Commercial, and Two Ovens will open a 3,532-sq.-ft. restaurant, which was co-brokered with Gallivan & Co.

  • Publix to enter North Carolina

    Lakeland, Fla. -- Publix Super Markets announced that it has signed a lease for its first store in the state of North Carolina. The company said it is looking forward to continued growth in the state, and that the new location will be part of a new division based in Charlotte.

    The 56,000-sq. ft. store, which will be located in Ballantyne, N.C., is scheduled to open in early 2014.
     

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