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Stirling Properties and JCH Development to develop Magnolia Marketplace
New Orleans -- Stirling Properties and JCH Development have announced a joint venture to develop the first 6,000-sq. ft. building of Magnolia Marketplace Shopping Center in New Orleans at the intersection of South Claiborne Avenue and Fourth Street. A second phase of the development will commence this fall at South Claiborne and Toledano.
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United Supermarkets purchases Llano Logistics
Lubbock, Texas -- United Supermarkets has completed a transaction to acquire Llano Logistics. Llano has operated United’s two distribution centers – in Lubbock and Roanoke – since their opening.
The deal closed May 31 and means Llano, which had been owned by Exel, a subsidiary of Deutsche Post DHL, is now owned by United.
It is the company’s third subsidiary operation in addition to its 52-store supermarket/ convenience store chain. United purchased R.C. Taylor Distributing in 2007 and added Praters Foods in 2009.